OMB No. 1545-0155
                                                      Investment Credit
Form  3468
                                                         Attach to your tax return. 
Department of the Treasury           Go to www.irs.gov/Form3468 for instructions and the latest information.                             Attachment  2024
Internal Revenue Service                                                                                                                 Sequence No. 174
Name(s) shown on return                                                                                                            Identifying number

Part I         Information on Qualified Property or Qualified Facility (see instructions)
1     If making an elective payment election or transfer election, enter the IRS-issued registration
      number for the facility . .         . . . . . . .  .    . .   . .                            . . .   . . . .     . .   .
2a    (i)  Enter the facility’s emissions value or rate (kg of CO2e per kg of qualified clean hydrogen):
      (ii) Enter the Department of Energy (DOE) control number, if applicable (see instructions):
b     Check this box if you are claiming a section 48E credit for a qualified facility and you have petitioned for a provisional
      emissions rate, and have received an emissions value from the DOE and/or used a designated lifecycle analysis (LCA) 
      model to determine an emissions value. See instructions  .      .                            . . .   . . . .     . .   . . . . . . . .         . .                       .
3a    Type (solar, clean hydrogen, rehabilitation, etc.):
b     If different from filer, enter:
      (i)  Owner’s name: 
      (ii) Owner’s TIN:
c     Address of the facility (if applicable):

d     Coordinates.          (i) Latitude:         .                                                    (ii) Longitude:             .
                                          Enter a “+” (plus) or “-” (minus) sign in the first box.                     Enter a “+” (plus) or “-” (minus) sign in the first box.
e     Check this box if the property includes qualified interconnection property under section 48(a)(8) or 48E(b)(1)(B)(i) .                         . .                       .
4     Date construction began (MM/DD/YYYY):
5     Date placed in service (MM/DD/YYYY):
6     Is the facility an expansion of an existing facility? . . .   . .                            . . .   . . . .     . .   . . . . . .   Yes                                  No
7     Does the property, facility, or project produce a net output of less than 1 megawatt (MW) alternating current (ac), or equivalent 
      thermal energy?
a          Yes.
b          No.
c          Not applicable; the facility doesn’t produce electricity.
8     Does the property, facility, or project satisfy the prevailing wage and apprenticeship requirements?
a          Yes, and sections 48C(e)(5) and (6) apply, and it was declared as provided per Notice 2023-18. 
b          Yes, and either (i) section 48(a)(9)(B)(ii), 48E(a)(2)(A)(ii)(ll), or 48E(a)(2)(B)(ii)(ll) applies if construction began before January 29, 
           2023;  or (ii) sections 48(a)(10) and (11), or 48E(d)(3) and (4) apply. 
c          No.
d          Not applicable.
9     Does the property, facility, or project qualify for a domestic content bonus credit per section 48(a)(12)(B) or 48E(a)(3)(B)?
a          Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is satisfied (10% bonus). Attach the required information.
b          Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is not satisfied (2% bonus). Attach the required information.
c          No.
10    Does the property, facility, or project qualify for an energy community bonus credit per section 48(a)(14) or 48E(a)(3)(A)?
a          Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is satisfied (10% bonus). 
b          Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is not satisfied (2% bonus). 
c          No.
11    Does the property, facility, or project qualify for the low-income communities bonus credit under section 48(e)(2) or 48E(h)(2)? 
      (The facility must have received an allocation of capacity limitation.)
a          Yes, and the facility is located in a low-income community per section 45D(e) (10% bonus). 
b          Yes, and the facility is located on Indian land per section 2601(2) of P.L. 102-486 (10% bonus). 
c          Yes, and the facility is part of a qualified low-income residential building project facility per section 48(e)(2)(B) or 48E(h)(2)(B) 
           (20% bonus). 
d          Yes, and the facility is part of a qualified low-income economic benefit project facility per section 48(e)(2)(C) or 48E(h)(2)(C) 
           (20% bonus). 
e     If “Yes” to line 11a, 11b, 11c, or 11d, enter your 48(e) or 48E(h) Control Number:
f     Enter the originating pass-through entity’s employer identification number (EIN) (if applicable): 
g          No.
For Paperwork Reduction Act Notice, see separate instructions.                                               Cat. No. 12276E               Form 3468 (2024) 

Form 3468 (2024)                                                                                                               Page 2 
Part I     Information on Qualified Property or Qualified Facility (see instructions) (continued)
12   Enter the nameplate capacity or storage capacity for your property, facility, or project. 
a         Solar.
     (i)   Nameplate capacity:                                                kilowatt (kW) direct current (dc) 
     (ii)  Nameplate capacity:                                                kW ac
     (iii) Check here if the solar energy property or facility includes a solar tracking device . . . . .      . . .  . . .  . .
b         Wind nameplate capacity:                                                kW ac
c         Other.
     (i)   Type: 
     (ii)  Nameplate capacity:                                                kW 
     (iii) Kilowatt type:     ac       dc
d         Energy storage.
     (i)   Power capacity rating:                                               kW
     (ii)  Energy storage capacity:                                               kilowatt-hours (kWh)
     (iii) Is the energy storage installed in connection with the solar or wind facility a thermal storage?  . . . .    Yes      No
e         Not applicable.
13   Are you claiming the investment credit as a lessee based on a section 48(d) (as in effect on November 4, 
     1990) election?  .   . .  .  . .  . . . . . .       .      .   . . . . . . . . .  .          . . . .      . . .    Yes      No
     If “Yes,” complete lines 13a through 13e. If you acquired more than one property as a lessee, attach a statement showing the 
     information below separately reported for each property.
a    Name of lessor:
b    Address of lessor:
c    Description of property:
d    Amount for which you were treated as having acquired the property      . . . . .  .          . . . .      . .   $
e    Income inclusion amount reported for tax year under Regulations section 1.50-1  . .          . . . .      . .   $
Part II    Qualifying Advanced Coal Project Credit and Qualifying Gasification Project Credit
Section A—Qualifying Advanced Coal Project Credit Under Section 48A (see instructions)
1 a  Enter the qualified investment in integrated gasification 
     combined  cycle  property  placed  in  service  during  the 
     tax year for projects described in section 48A(d)(3)(B)(i)     1a
b    Multiply line 1a by 20% (0.20)  . . . . . . .       .      .   . . . . . . .   1b
2 a  Enter the qualified investment in advanced coal-based 
     generation  technology  property  placed  in  service 
     during  the  tax  year  for  projects  described  in  section 
     48A(d)(3)(B)(ii) .   . .  .  . .  . . . . . .       .          2a
b    Multiply line 2a by 15% (0.15)  . . . . . . .       .      .   . . . . . . .   2b
3 a  Enter the qualified investment in advanced coal-based 
     generation  technology  property  placed  in  service 
     during  the  tax  year  for  projects  described  in  section 
     48A(d)(3)(B)(iii)  . . .  .  . .  . . . . . .       .          3a
b    Multiply line 3a by 30% (0.30)  . . . . . . .       .      .   . . . . . . .   3b
Section B—Qualifying Gasification Project Credit Under Section 48B (see instructions)
4  a Enter  the  qualified  investment  in  qualified  gasification 
     property placed in service during the tax year for which 
     credits  were  allocated  or  reallocated  after  October  3, 
     2008, and that includes equipment that separates and 
     sequesters at least 75% of the project’s carbon dioxide 
     emissions . .    .   . .  .  . .  . . . . . .       .          4a
b    Multiply line 4a by 30% (0.30)  . . . . . . .       .      .   . . . . . . .   4b
5 a  Enter the qualified investment in property other than in 
     line 4a above placed in service during the tax year .          5a
b    Multiply line 5a by 20% (0.20)  . . . . . . .       .      .   . . . . . . .   5b
6    Enter  the  applicable  unused  investment  credit  from  cooperatives.  See 
     instructions  .  .   . .  .  . .  . . . . . .       .      .   . . . . . . .   6
7    Add lines 1b, 2b, 3b, 4b, 5b, and 6. Report this amount on Form 3800, Part III, line 1a      . . . .      .   7
                                                                                                                        Form 3468 (2024)

Form 3468 (2024)                                                                                               Page 3 
Part III Qualifying Advanced Energy Project Credit Under Section 48C (see instructions)
Caution: You cannot claim any investment credits for a facility or property under section 48C if you also claimed credits under section 45X.
1 a Enter  the  qualified  investment  in  advanced  energy 
    project property placed in service during the tax year                1a
b   If  you  checked  the  box  in  Part  I,  line  8a,  and  it’s 
    consistent with your section 48C application per Notice 
    2023-18, enter 30%. If you checked the box in Part I, 
    line 8c, enter 6%  . .     .   . . . .  .   . . .       .             1b            %
c   Multiply line 1a by line 1b    . . . .  .   . . .       . .           . . . . . . .    1c
d   Enter your section 48C Allocation control number:
e   Is the facility in a section 48C energy community census tract?           Yes     No
f   Enter the originating pass-through entity’s EIN (if applicable):
2   Enter the applicable unused investment credit from cooperatives. See instructions      2
3   Add lines 1c and 2. Report this amount on Form 3800, Part III, line 1d  .       . .  . . . . . . . . 3
Part IV  Advanced Manufacturing Investment Credit Under Section 48D (see instructions)
1 a Check  the  box  below  that  applies  to  your  advanced 
    manufacturing investment project.
         Semiconductor manufacturing facility
         Semiconductor equipment manufacturing facility
b   Enter  the  basis  of  the  qualified  investment  for  the  tax 
    year with respect to any advanced manufacturing facility              1b
c   Multiply line 1b by 25% (0.25)  .  . .  .   . . .       . .           . . . . . . .    1c
2   Enter the applicable unused investment credit from cooperatives. See instructions      2
3   Add lines 1c and 2. Report this amount on Form 3800, Part III, line 1o  .       . .  . . . . . . . . 3
Part V   Clean Electricity Investment Credit Under Section 48E
Section A—Qualified Clean Electricity Facilities (see instructions)
Caution: You cannot claim any investment credits for a facility under section 38 for the tax year or any prior tax year if a credit was 
allowed under section 45, 45J, 45Q, 45U, 45Y, 48, or 48A.
1 a Enter  the  basis  of  the  qualified  investment  for  any 
    qualified facility described in section 48E(b)(1) placed in 
    service during the tax year  .   . . .  .   . . .       .             1a
b   If  you  checked  Part  I,  line  7a  or  8b,  enter  30%. 
    Otherwise, enter 6%  .     .   . . . .  .   . . .       .             1b            %
c   Multiply line 1a by line 1b    . . . .  .   . . .       . .           . . . . . . .    1c
d   If you checked Part I, line 9a, enter 10%. If you checked 
    Part I, line 9b, enter 2%. Otherwise, go to line 1f  .  .             1d            %
e   Multiply line 1a by line 1d    . . . .  .   . . .       . .           . . . . . . .    1e
f   If you checked Part I, line 10a, enter 10%. If you checked 
    Part I, line 10b, enter 2%. Otherwise, go to line 1h  . .             1f            %
g   Multiply line 1a by line 1f  . . . . .  .   . . .       . .           . . . . . . .    1g
h   If you checked the box in Part I, line 11a or 11b, enter 
    10%. If you checked the box in Part I, line 11c or 11d, 
    enter  20%.  However,  if  you  checked  the  box  in  Part  I, 
    line 11g; or Part I, line 12a(ii), 12b, or 12c(ii), is 5 MW ac 
    or  more  (in  relation  to  line  11a,  11b,  11c,  or  11d),  you 
    don’t qualify for the bonus credit. In that situation, enter 
    0% here, go to line 1n and enter -0-, and then go to line 2           1h            %
i   Enter  the  amount  of  capacity  limitation  you  were 
    allocated in the allocation letter . .  .   . . .       .             1i          kW 
j   If the entry on Part I, line 12a(i), 12b, or 12c(ii), equals 
    the entry on line 1i, multiply line 1a by line 1h and go to 
    line 1n. Otherwise, continue to line 1k .   . . .       .             1j
k   If the entry on Part I, line 12a(i), 12b, or 12c(ii), is more 
    than  the  entry  on  line  1i,  divide  line  1i  by  Part  I,  line 
    12a(i), 12b, or 12c(ii)  . .   . . . .  .   . . .       .             1k
l   Multiply line 1h by line 1k    . . . .  .   . . .       .             1l
m   Multiply line 1a by line 1l  . . . . .  .   . . .       .             1m
n   If Part I, line 12a(i), 12b, or 12c(ii), is more than the entry on line 1i, enter the
    amount from line 1m. Otherwise, enter the amount from line 1j  .            . . . .    1n
2   Add lines 1c, 1e, 1g, and 1n .   . . .  .   . . .       . .           . . . . . . .  . . . . . . . . 2
                                                                                                          Form 3468 (2024)

Form 3468 (2024)                                                                                                      Page 4 
Part V  Clean Electricity Investment Credit Under Section 48E (continued)
Section B—Qualified Energy Storage Technology (see instructions)
Caution: You cannot claim any investment credits for a facility under section 38 for the tax year or any prior tax year if a credit was 
allowed under section 45, 45J, 45Q, 45U, 45Y, 48, or 48A.
3 a Enter  the  basis  of  the  qualified  investment  for  any 
    energy storage technology described in section 48E(c) 
    placed in service during the tax year  .       .  .  .    . .   3a
b   If  you  checked  Part  I,  line  7a  or  8b,  enter  30%. 
    Otherwise, enter 6%  . .       . . .  .        .  .  .    . .   3b            %
c   Multiply line 3a by line 3b    . . .  .        .  .  .    . . . . . . . . . .             3c
d   If you checked Part I, line 9a, enter 10%. If you checked 
    Part I, line 9b, enter 2%. Otherwise, go to line 3f  .      .   3d            %
e   Multiply line 3a by line 3d    . . .  .        .  .  .    . . . . . . . . . .             3e
f   If you checked Part I, line 10a, enter 10%. If you checked 
    Part I, line 10b, enter 2%. Otherwise, go to line 4  .      .   3f            %
g   Multiply line 3a by line 3f  . . . .  .        .  .  .    . . . . . . . . . .             3g
h   Reserved for future use  .     . . .  .        .  .  .    . .   3h
i   Reserved for future use  .     . . .  .        .  .  .    . .   3i
j   Reserved for future use  .     . . .  .        .  .  .    . .   3j
k   Reserved for future use  .     . . .  .        .  .  .    . .   3k
l   Reserved for future use  .     . . .  .        .  .  .    . .   3l
m   Reserved for future use  .     . . .  .        .  .  .    . .   3m
n   Reserved for future use  .     . . .  .        .  .  .    . . . . . . . . . .             3n
4   Add lines 3c, 3e, and 3g  .    . . .  .        .  .  .    . . . . . . . . . .        .    . . . . . . . 4
Section C—Totals, Credit Reduction for Subsidized Energy Financing or Private Activity Bonds, and Credit Phaseout (see instructions)
5   Add Part V, lines 2 and 4 .    . . .  .        .  .  .    . .   5
    If  proceeds  of  subsidized  energy  financing  or  private 
    activity bonds were not used to finance your qualified 
    clean electricity facility or your qualified energy storage 
    technology, skip line 6, and go to line 7.
6a  Divide.      Sum, for the tax year and all prior tax 
                 years, of all proceeds of subsidized 
                 energy financing or private activity 
                 bonds used to finance the qualified 
                 facility or qualified storage technology, 
                 as of the close of the tax year
                                                              . .   6a
                 Aggregate amount of additions to the 
                 capital account for the qualified 
                 facility, for the tax year and all prior tax 
                 years, as of the close of the tax year
b   Multiply line 5 by line 6a  .  . . .  .        .  .  .    . .   6b
c   Multiply line 5 by 15% (0.15)    . .  .        .  .  .    . .   6c
d   Enter the smaller of line 6b or 6c  . .        .  .  .    . .   6d
e   Subtract line 6d from line 5  .  . .  .        .  .  .    . .   6e
7   If  proceeds  of  subsidized  energy  financing  or  private 
    activity bonds were used to finance your facility, enter 
    the amount from line 6e. Otherwise, enter the amount 
    from line 5  . . .  .  .       . . .  .        .  .  .    . .   7
8   If  you  are  making  an  elective  payment  election  under  section  6417  and  the
    facility  doesn’t  meet  the  rules  of  section  45Y(g)(12)(B)(i),  or  doesn’t  have  a 
    maximum net output of less than 1 MW (as measured in ac) and construction
    began in 2024 or 2025, multiply line 7 by line A or B below. All others, enter 
    the amount from line 7.
        A. Construction began in 2024, 90% (0.90)
        B. Construction began in 2025, 85% (0.85)  .          . . . . . . . . . .             8
9   Reserved for future use  .     . . .  .        .  .  .    . . . . . . . . . .             9
10  Enter the applicable unused investment credit from cooperatives. See instructions         10
11  Add lines 8 and 10. Report this amount on Form 3800, Part III, line 1v  . . .        .    . . . . . . . 11
                                                                                                                 Form 3468 (2024)

Form 3468 (2024)                                                                                                     Page 5 
Part VI  Energy Credit Under Section 48
Section A—Geothermal Energy Credit (see instructions)
1 a Enter  the  basis  of  property  using  geothermal  energy 
    placed in service during the tax year  . . .      . .  .           1a
b   If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
    30%. Otherwise, enter 6%  .      . . .   . .      . .  .           1b            %
c   Multiply line 1a by line 1b    . . . .   . .      . .  . .         . . . . . . .             1c
d   If you checked the box in Part I, line 9a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
    Otherwise, go to line 1f   .   . . . .   . .      . .  .           1d            %
e   Multiply line 1a by line 1d    . . . .   . .      . .  . .         . . . . . . .             1e
f   If you checked the box in Part I, line 10a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
    Otherwise, go to line 2  .     . . . .   . .      . .  .           1f            %
g   Multiply line 1a by line 1f  . . . . .   . .      . .  . .         . . . . . . .             1g
2   Add lines 1c, 1e, and 1g  .    . . . .   . .      . .  . .         . . . . . . .     .       . . . . . . . 2
Section B—Solar Energy Credit (see instructions)
3 a Enter  the  basis  of  property  using  solar  illumination 
    (including  electrochromic  glass)  or  either  solar  energy 
    property or solar facility placed in service during the tax 
    year         . . . . . . .     . . . .   . .      . .  .           3a
b   If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
    30%. Otherwise, enter 6%  .      . . .   . .      . .  .           3b            %
c   Multiply line 3a by line 3b    . . . .   . .      . .  . .         . . . . . . .             3c
Caution:  Property  described  under  section  48(a)(3)(ii)  does  not  qualify  for  the  solar 
facility in connection with low-income community bonus credit under section 48(e). If
completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and 
go to line 3k.
d   If you checked the box in Part I, line 11a or 11b, enter 
    10%. If you checked the box in Part I, line 11c or 11d, 
    enter 20%. However, if you checked the box in Part I, 
    line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in 
    relation to line 11a, 11b, 11c, or 11d), you don’t qualify 
    for  the  bonus  credit.  In  that  situation,  enter  0%  here, 
    go to line 3j and enter -0-, and then go to line 3k  . .           3d            %
e   Enter  the  amount  of  capacity  limitation  you  were 
    allocated in the allocation letter . .   . .      . .  .           3e        kW dc 
f   If the entry on Part I, line 12a(i), equals the entry on line 
    3e,  multiply  line  3a  by  line  3d  and  go  to  line  3j. 
    Otherwise, continue to line 3g  .  . .   . .      . .  .           3f
g   If the entry on Part I, line 12a(i), is more than the entry 
    on line 3e, divide line 3e by Part I, line 12a(i) . .  .           3g
h   Multiply line 3d by line 3g    . . . .   . .      . .  .           3h
i   Multiply line 3a by line 3h    . . . .   . .      . .  .           3i
j   If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line
    3i. Otherwise, enter the amount from line 3f      . .  . .         . . . . . . .             3j
k   If you checked the box in Part I, line 9a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
    Otherwise, go to line 3m  .    . . . .   . .      . .  .           3k            %
l   Multiply line 3a by line 3k    . . . .   . .      . .  . .         . . . . . . .             3l
m   If you checked the box in Part I, line 10a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
    Otherwise, go to line 4  .     . . . .   . .      . .  .           3m            %
n   Multiply line 3a by line 3m  .   . . .   . .      . .  . .         . . . . . . .             3n
4   Add lines 3c, 3j, 3l, and 3n  .  . . .   . .      . .  . .         . . . . . . .     .       . . . . . . . 4
                                                                                                                Form 3468 (2024) 

Form 3468 (2024)                                                                                            Page 6 
Part VI Energy Credit Under Section 48 (continued)
Section C—Qualified Fuel Cell Property (see instructions)
5  a Enter  the  basis  of  property  using  qualified  fuel  cell 
     property placed in service during the tax year that was 
     acquired after  2005 and before October 4, 2008,  and 
     the  basis  attributable  to  construction,  reconstruction, 
     or  erection  by  the  taxpayer  after  2005  and  before 
     October 4, 2008    . . .       . .   . . . . .   .  .              5a
b    Multiply line 5a by 30% (0.30)  .    . . . . .   .  .              5b
c    Enter the applicable kW capacity of property on line 5a. 
     See instructions . . . .       . .   . . . . .   .  .              5c
d    Multiply line 5c by $1,000     . .   . . . . .   .  .              5d
e    Enter the smaller of line 5b or 5d  .  . . . .   .  .   .          . . . . . . .   5e
f    Enter  the  basis  of  property  using  qualified  fuel  cell 
     property  placed  in  service  during  the  tax  year  that  is 
     attributable to periods after October 3, 2008  . .  .              5f
g    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     30%. Otherwise, enter 6%  .      .   . . . . .   .  .              5g            %
h    Multiply line 5f by line 5g .  . .   . . . . .   .  .              5h
i    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 5l  .    . .   . . . . .   .  .              5i            %
j    Multiply line 5f by line 5i  . . .   . . . . .   .  .              5j
k    Reserved for future use  .     . .   . . . . .   .  .   .          . . . . . . .   5k
l    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 5n  .    . .   . . . . .   .  .              5l            %
m    Multiply line 5f by line 5l  . . .   . . . . .   .  .              5m
n    Add lines 5h, 5j, and 5m  .    . .   . . . . .   .  .              5n
o    Enter the applicable kW capacity of property on line 5f. 
     See instructions . . . .       . .   . . . . .   .  .              5o
p    Multiply line 5o by $3,000     . .   . . . . .   .  .              5p
q    Enter the smaller of line 5n or 5p  .  . . . .   .  .   .          . . . . . . .   5q
6    Add lines 5e and 5q  . .       . .   . . . . .   .  .   .          . . . . . . . . . . . . . . . 6
Section D—Qualified Microturbine Property (see instructions)
7 a  Enter the basis of property using microturbine property 
     placed in service during the tax year that was acquired 
     after  2005,  and  the  basis  attributable  to  construction, 
     reconstruction, or erection by the taxpayer after 2005             7a
b    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     10%. Otherwise, enter 2%  .      .   . . . . .   .  .              7b            %
c    Multiply line 7a by line 7b    . .   . . . . .   .  .              7c
d    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 7g  .    . .   . . . . .   .  .              7d            %
e    Multiply line 7a by line 7d    . .   . . . . .   .  .              7e
f    Reserved for future use  .     . .   . . . . .   .  .   .          . . . . . . .   7f
g    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 7i  .    . .   . . . . .   .  .              7g            %
h    Multiply line 7a by line 7g    . .   . . . . .   .  .              7h
i    Add lines 7c, 7e, and 7h  .    . .   . . . . .   .  .   .          . . . . . . .   7i
j    Enter the applicable kW capacity of property on line 7a. 
     See instructions . . . .       . .   . . . . .   .  .              7j
k    Reserved for future use  .     . .   . . . . .   .  .              7k
l    Multiply line 7j by $200  .    . .   . . . . .   .  .   .          . . . . . . .   7l
8    Enter the smaller of line 7i or 7l . . . . . .   .  .   .          . . . . . . . . . . . . . . . 8
                                                                                                       Form 3468 (2024) 

Form 3468 (2024)                                                                                                    Page 7 
Part VI Energy Credit Under Section 48 (continued)
Section E—Combined Heat and Power System Property (see instructions)
Caution: You can’t claim this credit if the electrical capacity of the property is more than 50 MW or has a mechanical energy capacity 
of more than 67,000 horsepower or an equivalent combination of electrical and mechanical energy capabilities.
9 a Enter  the  basis  of  property  using  combined  heat  and 
    power system placed in service during the tax year  .              9a
b   If the electrical capacity of the property is measured in:
    • MW, divide 15 by the MW capacity. Enter 1.0 if the 
    capacity is 15 MW or less.
    • Horsepower, divide 20,000 by the horsepower. Enter 
    1.0 if the capacity is 20,000 horsepower or less  .   .            9b        .
c   Multiply line 9a by line 9b    . . . . . .       . .  .            9c
d   If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
    30%. Otherwise, enter 6%  .      . . . . .       . .  .            9d             %
e   Multiply line 9c by line 9d    . . . . . .       . .  .   .        . . . . .  . .    9e
f   If you checked the box in Part I, line 9a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
    Otherwise, go to line 9h  .    . . . . . .       . .  .            9f             %
g   Multiply line 9c by line 9f  . . . . . . .       . .  .   .        . . . . .  . .    9g
h   If you checked the box in Part I, line 10a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
    Otherwise, go to line 10  .    . . . . . .       . .  .            9h             %
i   Multiply line 9c by line 9h    . . . . . .       . .  .   .        . . . . .  . .    9i
10  Add lines 9e, 9g, and 9i  .    . . . . . .       . .  .   .        . . . . .  . .  . .  . . . . . .      10
Section F—Qualified Small Wind Energy Property (see instructions)
11a Reserved for future use .      . . . . . .       . .  .            11a
b   Reserved for future use .      . . . . . .       . .  .            11b
c   Reserved for future use .      . . . . . .       . .  .   .        . . . . .  . .    11c
d   Enter  the  basis  of  property  using  small  wind  energy 
    property placed in service during the tax year  .  .  .            11d
e   If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
    30%. Otherwise, enter 6%  .      . . . . .       . .  .            11e            %
f   Multiply line 11d by line 11e .  . . . . .       . .  .   .        . . . . .  . .    11f
g   If you checked the box in Part I, line 11a or 11b, enter 
    10%. If you checked the box in Part I, line 11c or 11d, 
    enter 20%. However, if you checked the box in Part I, 
    line  11g;  or  Part  I,  line  12b,  is  5  MW  ac  or  more  (in 
    relation to line 11a, 11b, 11c, or 11d), you don’t qualify 
    for the bonus credit. In that situation, enter 0% here, go 
    to line 11m and enter -0-, and then go to line 11n  . .            11g            %
h   Enter  the  amount  of  capacity  limitation  you  were 
    allocated in the allocation letter . . . .       . .  .            11h          kW 
i   If the entry on Part I, line 12b, equals the entry on line 
    11h, multiply line 11d by line 11g and go to line 11m. 
    Otherwise, continue to line 11j  . . . . .       . .  .            11i
j   If the entry on Part I, line 12b, is more than the entry on 
    line 11h, divide line 11h by Part I, line 12b  . . .  .            11j
k   Multiply line 11g by line 11j  . . . . . .       . .  .            11k
l   Multiply line 11d by line 11k .  . . . . .       . .  .            11l
m   If Part I, line 12b, is more than the entry on line 11h, enter the amount from line
    11l. Otherwise, enter the amount from line 11i  .  .  .   .        . . . . .  . .    11m
n   If you checked the box in Part I, line 9a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
    Otherwise, go to line 11p .    . . . . . .       . .  .            11n            %
o   Multiply line 11d by line 11n .  . . . . .       . .  .   .        . . . . .  . .    11o
p   If you checked the box in Part I, line 10a, enter 10%. If 
    you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
    Otherwise, go to line 12  .    . . . . . .       . .  .            11p            %
q   Multiply line 11d by line 11p .  . . . . .       . .  .   .        . . . . .  . .    11q
12  Add lines 11f, 11m, 11o, and 11q  .  . . .       . .  .   .        . . . . .  . .  . .  . . . . . .      12
                                                                                                               Form 3468 (2024) 

Form 3468 (2024)                                                                                              Page 8 
Part VI Energy Credit Under Section 48 (continued)
Section G—Waste Energy Recovery Property (see instructions)
13 a Enter  the  basis  of  property  using  waste  energy 
     recovery placed in service during the tax year  . . .              13a
b    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     30%. Otherwise, enter 6%  .      . . . . . .      . .              13b           %
c    Multiply line 13a by line 13b .  . . . . . .      . . .            . . . . . . .   13c
d    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 13f  . .   . . . . . .      . .              13d           %
e    Multiply line 13a by line 13d .  . . . . . .      . . .            . . . . . . .   13e
f    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 14  .  .   . . . . . .      . .              13f           %
g    Multiply line 13a by line 13f  . . . . . . .      . . .            . . . . . . .   13g
14   Add lines 13c, 13e, and 13g .    . . . . . .      . . .            . . . . . . . . .  . . . . . . 14
Section H—Geothermal Heat Pump Systems (see instructions)
15 a Enter  the  basis  of  property  using  geothermal  heat 
     pump systems placed in service during the tax year  .              15a
b    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     30%. Otherwise, enter 6%  .      . . . . . .      . .              15b           %
c    Multiply line 15a by line 15b .  . . . . . .      . . .            . . . . . . .   15c
d    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 15f  . .   . . . . . .      . .              15d           %
e    Multiply line 15a by line 15d .  . . . . . .      . . .            . . . . . . .   15e
f    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 16  .  .   . . . . . .      . .              15f           %
g    Multiply line 15a by line 15f  . . . . . . .      . . .            . . . . . . .   15g
16   Add lines 15c, 15e, and 15g .    . . . . . .      . . .            . . . . . . . . .  . . . . . . 16
                                                                                                         Form 3468 (2024) 

Form 3468 (2024)                                                                                                       Page 9
Part VI Energy Credit Under Section 48 (continued)
Section I—Energy Storage Technology Property (see instructions)
17 a Enter  the  basis  of  property  using  energy  storage 
     technology placed in service during the tax year  .  .             17a
b    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     30%. Otherwise, enter 6%  .      . . . . . .       . .             17b           %
c    Multiply line 17a by line 17b .  . . . . . .       . .   .         . . . . . . .            17c
Caution: For lines 17d through 17j, the energy storage technology property must be
installed  in  connection  with  a  solar  or  wind  energy  property  under  section  45(d)(1), 
48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit 
under  section  48(e)  to  also  qualify  for  the  bonus  credit.  If  the  energy  storage 
technology  property  is  not  installed  in  connection  with  such  solar  or  wind  energy 
property, then skip lines 17d through 17j, and go to line 17k.
d    If you checked the box in Part I, line 11a or 11b, enter 
     10%. If you checked the box in Part I, line 11c or 11d, 
     enter 20%. However, if you checked the box in Part I, 
     line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more 
     (in  relation  to  line  11a,  11b,  11c,  or  11d),  you  don’t 
     qualify for the bonus credit. In that situation, enter 0% 
     here, go to line 17j and enter -0-, and then go to line 17k        17d           %
e    Enter  the  amount  of  capacity  limitation  you  were 
     allocated  in  the  allocation  letter  for  the  solar  or  wind 
     energy property in connection with the energy storage 
     technology  .    . . . .     .   . . . . . .       . .             17e         kW 
f    If the relevant entry on Part I, line 12a(i) or 12b, equals 
     the entry on line 17e, multiply line 17a by line 17d and 
     go to line 17j. Otherwise, continue to line 17g  . . .             17f
g    If the relevant entry on Part I, line 12a(i) or 12b, is more 
     than the entry on line 17e, divide line 17e by Part I, line 
     12a(i) or 12b  . . . . .     .   . . . . . .       . .             17g
h    Multiply line 17d by line 17g .  . . . . . .       . .             17h
i    Multiply line 17a by line 17h .  . . . . . .       . .             17i
j    If the entry for the solar or wind energy property in connection with the energy 
     storage technology on Part I, line 12a(i) or 12b, is more than the entry on line
     17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f              17j
k    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 17m    .   . . . . . .       . .             17k           %
l    Multiply line 17a by line 17k  . . . . . . .       . .   .         . . . . . . .            17l
m    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 18  .  .   . . . . . .       . .             17m           %
n    Multiply line 17a by line 17m    . . . . . .       . .   .         . . . . . . .            17n
18   Add lines 17c, 17j, 17l, and 17n   . . . . .       . .   .         . . . . . . . .          .  . . . . . . 18
Section J—Qualified Biogas Property (see instructions)
19 a Enter  the  basis  of  property  using  biogas  placed  in 
     service during the tax year  .   . . . . . .       . .             19a
b    If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
     30%. Otherwise, enter 6%  .      . . . . . .       . .             19b           %
c    Multiply line 19a by line 19b .  . . . . . .       . .   .         . . . . . . .            19c
d    If you checked the box in Part I, line 9a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
     Otherwise, go to line 19f  . .   . . . . . .       . .             19d           %
e    Multiply line 19a by line 19d .  . . . . . .       . .   .         . . . . . . .            19e
f    If you checked the box in Part I, line 10a, enter 10%. If 
     you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
     Otherwise, go to line 20  .  .   . . . . . .       . .             19f           %
g    Multiply line 19a by line 19f  . . . . . . .       . .   .         . . . . . . .            19g
20   Add lines 19c, 19e, and 19g .    . . . . . .       . .   .         . . . . . . . .          .  . . . . . . 20
                                                                                                                  Form 3468 (2024) 

Form 3468 (2024)                                                                                                 Page 10
Part VI Energy Credit Under Section 48 (continued)
Section K—Microgrid Controllers Property (see instructions)
21 a  Enter the basis of property using microgrid controllers 
      placed in service during the tax year  . . .     . . .             21a
b     If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
      30%. Otherwise, enter 6%  .      . .   . . .     . . .             21b           %
c     Multiply line 21a by line 21b .  . .   . . .     . . .    .        . . . . . . .     21c
d     If you checked the box in Part I, line 9a, enter 10%. If 
      you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
      Otherwise, go to line 21f  . .   . .   . . .     . . .             21d           %
e     Multiply line 21a by line 21d .  . .   . . .     . . .    .        . . . . . . .     21e
f     If you checked the box in Part I, line 10a, enter 10%. If 
      you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
      Otherwise, go to line 22  .  .   . .   . . .     . . .             21f           %
g     Multiply line 21a by line 21f  . . .   . . .     . . .    .        . . . . . . .     21g
22    Add lines 21c, 21e, and 21g .    . .   . . .     . . .    .        . . . . . . .   . .  . . . . . . 22
Section L—Qualified Investment Credit Facility Property (see instructions)
23 a  Enter  the  basis  of  property  using  investment  credit 
      facility property placed in service during the tax year .          23a
b     If  you  checked  the  box  in  Part  I,  line  7a  or  8b,  enter 
      30%. Otherwise, enter 6%  .      . .   . . .     . . .             23b           %
c     Multiply line 23a by line 23b .  . .   . . .     . . .    .        . . . . . . .     23c
Caution: For property other than that described under section 45(d)(1), the property 
does not qualify for the wind facility in connection with the low-income community 
bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k.
d     If you checked the box in Part I, line 11a or 11b, enter 
      10%. If you checked the box in Part I, line 11c or 11d, 
      enter 20%. However, if you checked the box in Part I, 
      line  11g;  or  Part  I,  line  12b,  is  5  MW  ac  or  more  (in 
      relation to line 11a, 11b, 11c, or 11d), you don’t qualify 
      for  the  bonus  credit.  In  that  situation,  enter  0%  here, 
      go to line 23j and enter -0-, and then go to line 23k  .           23d           %
e     Enter  the  amount  of  capacity  limitation  you  were 
      allocated in the allocation letter .   . . .     . . .             23e         kW 
f     If the entry on Part I, line 12b, equals the entry on line 
      23e,  multiply  line  23a  by  line  23d  and  go  to  line  23j. 
      Otherwise, continue to line 23g    .   . . .     . . .             23f
g     If the entry on Part I, line 12b, is more than the entry on 
      line 23e, divide line 23e by Part I, line 12b  . . . .             23g
h     Multiply line 23d by line 23g .  . .   . . .     . . .             23h
i     Multiply line 23a by line 23h .  . .   . . .     . . .             23i
j     If Part I, line 12b, is more than the entry on line 23e, enter the amount from line
      23i. Otherwise, enter the amount from line 23f .   . .    .        . . . . . . .     23j
k     If you checked the box in Part I, line 9a, enter 10%. If 
      you  checked  the  box  in  Part  I,  line  9b,  enter  2%. 
      Otherwise, go to line 23m    .   . .   . . .     . . .             23k           %
l     Multiply line 23a by line 23k  . . .   . . .     . . .    .        . . . . . . .     23l
m     If you checked the box in Part I, line 10a, enter 10%. If 
      you  checked  the  box  in  Part  I,  line  10b,  enter  2%. 
      Otherwise, go to line 24  .  .   . .   . . .     . . .             23m           %
n     Multiply line 23a by line 23m    . .   . . .     . . .    .        . . . . . . .     23n
24    Add lines 23c, 23j, 23l, and 23n   .   . . .     . . .    .        . . . . . . .   . .  . . . . . . 24
                                                                                                            Form 3468 (2024) 

Form 3468 (2024)                                                                                              Page 11
Part VI Energy Credit Under Section 48 (continued)
Section M—Clean Hydrogen Production Facilities as Energy Property (see instructions)
Caution: If you choose to treat specified clean hydrogen production property as energy property, you cannot also take the credit 
under section 45V or 45Q. Production and sale or use of clean hydrogen must be verified by an unrelated party. Attach a copy of the 
verification report to the tax return. 
25  a Enter the basis of property placed in service during the 
      tax year for the facility that is designed and reasonably 
      expected  to  produce  qualified  clean  hydrogen  per 
      section 45V(b)(2)(A) . .         . . . .     . .    .   . .   25a
b     If you checked the box in Part I, line 8b, enter 6%. If 
      you checked the box in Part I, line 8c, enter 1.2%        .   25b           %
c     Multiply line 25a by line 25b .    . . .     . .    .   . . . . . . . . . .       25c
d     Enter the basis of property placed in service during the 
      tax year for the facility that is designed and reasonably 
      expected  to  produce  qualified  clean  hydrogen  per 
      section 45V(b)(2)(B) . .         . . . .     . .    .   . .   25d
e     If you checked the box in Part I, line 8b, enter 7.5%. If 
      you checked the box in Part I, line 8c, enter 1.5%        .   25e           %
f     Multiply line 25d by line 25e .    . . .     . .    .   . . . . . . . . . .       25f
g     Enter the basis of property placed in service during the 
      tax year for the facility that is designed and reasonably 
      expected  to  produce  qualified  clean  hydrogen  per 
      section 45V(b)(2)(C) . .         . . . .     . .    .   . .   25g
h     If you checked the box in Part I, line 8b, enter 10%. If 
      you checked the box in Part I, line 8c, enter 2%  .       .   25h           %
i     Multiply line 25g by line 25h .    . . .     . .    .   . . . . . . . . . .       25i
j     Enter the basis of property placed in service during the 
      tax year for the facility that is designed and reasonably 
      expected  to  produce  qualified  clean  hydrogen  per 
      section 45V(b)(2)(D) . .         . . . .     . .    .   . .   25j
k     If you checked the box in Part I, line 8b, enter 30%. If 
      you checked the box in Part I, line 8c, enter 6%  .       .   25k           %
l     Multiply line 25j by line 25k  .   . . .     . .    .   . . . . . . . . . .       25l
26    Add lines 25c, 25f, 25i, and 25l .   . .     . .    .   . . . . . . . . . .  .    .  . . . . . . 26
Section N—Totals and Credit Reduction for Tax-Exempt Bonds (see instructions) 
27    Add Part VI, lines 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 
      24, and 26 . . .     . .         . . . .     . .    .   . .   27
      If  proceeds  of  tax-exempt  bonds  were      not  used  to 
      finance your facility, skip line 28, and go to line 29.
28a   Divide.    Sum, for the tax year and all prior tax 
                 years, of all proceeds of tax-exempt 
                 bonds (within the meaning of section 
                 103), used to finance the qualified 
                 facility, as of the close of the tax year
                                                              . .   28a
                 Aggregate amount of additions to the 
                 capital account for the qualified 
                 facility, for the tax year and all prior tax 
                 years, as of the close of the tax year
b     Multiply line 27 by line 28a  .    . . .     . .    .   . .   28b
c     Multiply line 27 by 15% (0.15)  .    . .     . .    .   . .   28c
d     Enter the smaller of line 28b or 28c  .      . .    .   . .   28d
e     Subtract line 28d from line 27  .    . .     . .    .   . .   28e
29    If proceeds of tax-exempt bonds were used to finance your facility, enter the
      amount from line 28e. Otherwise, enter the amount from line 27  .   . . . .       29
30    If you are making an elective payment election under section 6417 for a facility 
      whose construction began in calendar year 2024, and the facility doesn’t meet 
      the rules of section 48(a)(12)(B), or doesn’t have a maximum net output of less 
      than 1 MW (as measured in ac), multiply line 29 by 90% (0.90). All others, enter 
      the amount from line 29  .       . . . .     . .    .   . . . . . . . . . .       30
31    Enter the applicable unused investment credit from cooperatives. See instructions 31
32    Add lines 30 and 31. Report this amount on Form 3800, Part III, line 4a . .  .    .  . . . . . . 32
                                                                                                         Form 3468 (2024) 

Form 3468 (2024)                                                                                                                             Page 12
Part VII Rehabilitation Credit Under Section 47  (see instructions)
1a Was there a prior section 170(h) deduction on this property?         Yes          No
b  If “Yes” to line 1a, then provide the prior NPS number  .   .    . . . . . .                                . . .
c  Check this box if you are electing under section 47(d)(5) to take your qualified rehabilitation expenditures into account for 
   the tax year in which paid (or, for self-rehabilitated property, when capitalized). This election applies to the current tax year 
   and to all later tax years. You may not revoke this election without IRS consent .                            . . . . . . . . .  . . .  . .
d  Enter the dates for the 24- or 60-month measuring period.
   Beginning date:
   End date:
e  Enter the adjusted basis of the building as of the beginning date above (or the first day of your holding 
   period, if later)  . . . . . . . .     . . .        . .   . .    . . . . . .                                . . . . . . . . .   $
f  Enter the amount of the qualified rehabilitation expenditures incurred, or treated as incurred, during the
   period on line 1d above  . . . . .     . . .        . .   . .    . . . . . .                                . . . . . . . . .   $
g  Enter the amount of qualified rehabilitation expenditures   1g
h  For pre-1936 buildings under the transition rule, multiply line 1g by 10% (0.10)                              1h
i  For  certified  historic  structures  under  the  transition  rule,  multiply  line  1g  by
   20% (0.20)   .  .    . . . . . . .     . . .        . .   . .    . . . . . .                                  1i
j  For certified historic structures with expenditures paid or incurred after 2017 
   and not under the transition rule, multiply line 1g by 4% (0.04)   . . . . .                                  1j
   Note: This credit is allowed for a 5-year period beginning in the tax year that 
   the qualified rehabilitated building is placed in service.
k  If you completed line 1i or 1j, enter the following.
   (i)   The assigned NPS project number:                                     .
   (ii)  The originating pass-through entity’s EIN (if applicable):           .
   (iii) The  date  the  NPS  approved  the  Request  for  Certification  of  Completed
         Work:                                                                .
l  Reserved for future use. 
m  If  you  have  not  received  an  approved  certification  of  completed  work,  enter 
   the date that is 30 months after the date that the original rehabilitation credit 
   was claimed for the property:                                                                              ,
   and attach the first page of NPS Form 10-168, with an indication that it was 
   received,  and  a  statement  that  you  did  not  receive  the  final  certification  of
   completed work before the date above. 
2  Enter  the  applicable  unused  investment  credit  from  cooperatives.  See 
   instructions  . .    . . . . . . .     . . .        . .   . .    . . . . . .                                  2
3  Add lines 1h, 1i, 1j, and 2. Report this amount on Form 3800, Part III, line 4k .                           . . . . . . . .   3
                                                                                                                                      Form 3468 (2024)