SECTION 1. PURPOSE

Section 48C of the Internal Revenue Code provides for the qualifying advanced energy property project program and authorizes $2.3 billion of credits (“the § 48C Phase I program” and “the § 48C Phase I credit”). This notice reports the results of the § 48C Phase I program and, as provided by § 48C(d)(4), establishes a second phase of the qualifying advanced energy project program (“the § 48C Phase II program”) to distribute the § 48C Phase I credits that are available for re-allocation after review of the § 48C Phase I program.

To be considered for an allocation of credits in the § 48C Phase II program, taxpayers must submit concept papers to the U.S. Department of Energy (“DOE”) by April 9, 2013 and applications to DOE and the Internal Revenue Service (“Service”) by July 23, 2013.