Guidance: Clean Electricity Low-Income Communities Bonus Credit Amount Program

Key Points

• 1Clean energy projects (solar, wind, geothermal, etc.) built in low-income communities can receive extra tax credits worth up to 10% more in value
• 2The bonus applies to renewable energy facilities that serve or are owned by low-income communities, helping make clean energy more accessible to people with fewer resources
• 3Developers and companies building these projects can use the additional credits to reduce their taxes, offsetting the cost of investing in underserved areas
• 4The guidance defines which communities qualify as 'low-income' and sets standards for how projects must demonstrate benefits to local residents
• 5This incentive is part of broader federal efforts to ensure that clean energy benefits are shared fairly across all income levels, not just wealthy neighborhoods

Key Dates