Over the Next Decade in Indiana, Advanced Energy Tax Credits Will Generate:
$160B New Private Sector Investments
$14.2B New Manufacturing Investments
Peru 3 Solar Park
- Status: Operational
- Location: Peru, IN (Miami County)
- Congressional District: Indiana 2nd
- Technology: Solar
- Relevant Tax Provision(s): Investment Tax Credit (ITC)
- Fast Facts:
- The 4-megawatt Peru 3 Solar Park generates enough electricity for almost 700 Indiana households.
- Peru 3 is one in a series of solar parks throughout the state of Indiana constructed by the Indiana Municipal Power Agency (IMPA) to provide local communities with low-cost and reliable power.
- Construction of the solar park created 15 local jobs.
EV Battery Cell Plant
- Status: In Construction
- Location: New Carlisle, IN (St. Joseph County)
- Congressional District: Indiana 2nd
- Technology: Electric Vehicle (EV) Batteries
- Relevant Tax Provisions:
- Manufacturing Production Tax Credit (45X)
- Batteries produced at this facility will help vehicles qualify for the New Clean Vehicle Credit (30D)
- Fast Facts:
- General Motors (GM) and Samsung SDI are investing $3 billion in a joint venture to establish an EV battery cell plant in Northern Indiana.
- Construction of the plant will create an estimated 1,000 local jobs. Once fully operational in 2026, the facility will employ approximately 1,700 people.
- At full capacity, the plant should be able to produce 30 Gigawatts hours of battery capacity annually, helping GM scale its EV capacity to more than 1 million units per year.
Geothermal Conversion at Margaret Mary Cancer Center
- Status: In Development
- Location: Batesville, IN
- Congressional District: Indiana 9th
- Technology: Geothermal Energy
- Relevant Tax Provisions:
- Direct Pay
- Fast Facts:
- The Margaret Mary Health Cancer Center’s new state-of-the-art 126,000 square foot facility, currently under construction, will utilize geothermal energy for its HVAC system.
- The project saved up to $300,000, and the hospital will see a 6-year return on investment using clean, firm geothermal energy.
If key advanced energy tax policies are repealed, new analysis indicates that the cost of energy for business, industry, and working families in Indiana will increase 4% by 2026.
89,581
Advanced Energy Jobs in Indiana