Filing for the Investment Tax Credit (ITC) Bonuses as a For-Profit Entity

TENCO SOLAR does not provide tax or accounting advice. This material has been prepared for informational purposes only and is not intended to provide, nor should it be relied on, for tax or accounting advice. You should consult your own tax, legal, and accounting advisors regarding your specific circumstances and how to complete these forms. 

To assist eligible for-profit customers with filing for ITC Bonuses, we have prepared the guide below.

‍Step 1: Complete Form 3468 – Investment Credit

• Complete Part I, Questions 1-14some text
  • Queston 10: Answer “Yes, and section 48(a)(9)(B) is satisfied (10% bonus)” if you qualify for the Energy Community Bonus Credit. some text
    • More information about the Energy Community Bonus Credit can be found on our blog.
  • Queston 11: Answer “Yes” to a, b, c, or d, and complete “e”, if you qualify for the Low-Income Communities Bonus Credit. some text
    • More information about the Low-Income Community Bonus Credit can be found on our website and you can also reference the US Department of Energy Low-Income Communities map.
• Complete Part VI – Section B, Section I, Section L, Section N, Part VII some text
  • Transfer the completed calculations to Form 3800.

Step 2: Complete Form 3800 – General Business Credit

• Transfer the calculations from Form 3468 to Part III, #4a.

Step 3: Submit Forms 3468 and 3800 with your 2024 taxes.

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Additional Resources:

• Energy community Publication Guidance
• Frequently Asked Questions about the Bonus Tax Credit for Energy Communities
• Low-Income Communities Bonus Credit Program
• IRS Instructions for completing Form 3468
• IRS Instructions for completing Form 3800

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If you have questions about whether your project is eligible for the Investment Tax Credit (ITC) or any of the ITC bonus tax credits, please contact your TENCO SOLAR sales rep. 

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