Full Title: Investment Tax Credit Fact Sheets: Bonus Credit Program
Author(s): Anna Adamsson
Publisher(s): Clean Energy Group
Publication Date: February 27, 2023
Full Text: Download Resource
Description (excerpt):
These fact sheets introduce each of the six bonus credits available within the Investment Tax Credit (ITC) for solar, wind, and storage projects. These fact sheets share who is eligible to apply for each credit and which credits can be paired together.
The two stackable credits:
– 10% bonus credit for projects located in an “energy community”
– 10% bonus credit for projects that meet domestic manufacturing requirements
The four credits within the Low-Income Communities Bonus Credit Program:
– 10% bonus for projects located in a low-income community
– 10% bonus for projects located on Tribal Land
– 20% bonus for projects when the facility is part of a qualified low-income residential project
– 20% bonus for projects when the facility is part of a qualified low-income economic benefit project