Low-Income Communities Bonus Credit Program

Listing Category

Grantor: DOE’s Office of Economic Impact and Diversity & U.S. Department of the Treasury and IRS

Additional Notes:

This program, supported by the Inflation Reduction Act, addresses the need to expand access to cost-saving clean energy projects in underserved communities through a groundbreaking tax incentive for solar and wind projects across the country.

The bonus credit provides a 10 or 20 percentage point increase to the investment tax credit for qualified solar and wind energy facilities with a maximum net output of less than five megawatts (AC). DOE will review applications and make recommendations to the IRS, which will allocate to up to 1.8 gigawatts (GW) of eligible solar and wind capacity per year.