What is the Low-Income Communities Bonus Credit? The Low-Income Communities Bonus Credit available through the Inflation Reduction Act of 2022 (IRA)[1] is designed to increase the siting of, and ...

Last year’s Inflation Reduction Act created the Low-Income Communities Bonus Credit Program. This program provides additional energy tax credits on top of the existing 30% investment tax credit.

WASHINGTON, Dec 4 (Reuters) - The U.S. Treasury on Monday said it has been overwhelmed by applications for bonus clean energy tax credits in low-income communities, with officials estimating the ...

WASHINGTON, Aug 10 (Reuters) - The U.S. Treasury Department and the Internal Revenue Service on Thursday issued final rules for a new program that will boost tax credits for qualified solar and wind ...