IRS Notice explains how a renewable energy project may qualify for bonus tax credits by using American-made components.

Key Points:

..All project components made primarily of steel or iron that perform a structural function in a project must be made from US-manufactured steel or iron.

..Products manufactured in the US that contain some non-US manufactured components may count only the cost of the US-manufactured components as domestic costs.

..Developers will need to obtain cost certifications from their vendors to ensure compliance with the domestic content rules.

..Project developers may rely on a safe harbor list to categorize certain components of wind, solar, and battery projects when applying the domestic content rules.