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Rev. Proc. 2023-27

SECTION 12. CLAIMING THE

Internal Revenue Bulletin 2023-35 · 2026-10-03 edition · updated 2026-10-04 · United States

ENERGY PERCENTAGE INCREASE

.01 In general . After the facility is placed in service, and the applicant submits the additional documentation and attestations described in §1.48-1(k), the applicant is notified that it (or the applicable partners or shareholders in the case of a partnership or an S corporation) may claim the energy percentage increase on Form 3468, Investment Credit (or successor form) or Form 3800, General Business Credit (or successor form), if eligible, make a transfer election under § 6418, or, if eligible, make an elective payment election under § 6417.

.02 Reduction in Increased Energy Percentage . In cases where the facility size is larger than the allocated capacity when placed in service (but still below 5 MW AC), the 10 percentage or 20 percentage point increase will be reduced by a reduction factor which is calculated by the amount of Capacity Limitation allocated (kW) divided by the total nameplate capacity installed (kW) at the time the owner of the facility claims the energy percentage increase under § 48(e). See § 48(e)(2)(B).

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▸Contents — Internal Revenue Bulletin 2023-35
Internal Revenue Bulletin 2023-35

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