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Author: WHCEQ Staff   Published: 10/24/2023   White House Council on Environmental Quality 

Greetings,

Today, the U.S. Department of the Treasury, U.S. Department of Energy, and the Internal Revenue Service announced that applications are open for the Low-Income Communities Bonus Credit Program.

Eligible applicants can now apply to receive a 10 or 20-percentage point boost to the energy investment tax credit for qualified solar or wind facilities that are in low-income communities or on Tribal land, are part of affordable housing developments, or benefit low-income households.

To allow the public time to prepare competitive applications, all applications received within the first 30 days (October 19th– November 18th) will be treated as having been received at the same time. After the first 30 days, applications will be accepted and reviewed on a rolling basis while capacity remains through early 2024.

This groundbreaking program through President Biden’s Inflation Reduction Act — the largest climate investment in history — is critical to ensuring that all Americans can benefit through good-paying jobs, lower energy costs, and a healthier environment.

Read and share the announcement: U.S. Department of the Treasury, U.S. Department of Energy, IRS Open Applications for Investing in America Program to Spur Clean Energy Investments in Underserved Communities | U.S. Department of the Treasury

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