Notice 2024-41 modifies Notice 2023-38, in three ways.
2025 Inst 3468 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
It expands the list of applicable projects to include hydropower and pumped hydropower storage facilities.
It redesignates the utility scale photovoltaic system applicable project as the ground-mount and rooftop photovoltaic system.
It includes certain manufactured product components with respect to the previously listed applicable projects.
It also provides a new safe harbor that taxpayers may elect to use to classify applicable project components and to calculate the domestic cost percentage in an applicable project (new elective safe harbor) to qualify for the domestic content bonus credit amounts. See Notice 2024-41, 2024-24 I.R.B. 1615 available at IRS.gov/irb/ 2024-24_IRB#NOT-2024-41, for more information.
Instructions for Form 3468 (2025) 7
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