Exciting news for individuals, businesses, and tax-exempt organizations interested in supporting low-income communities and harnessing the power of clean energy. The Department of Energy (DOE) is gearing up to accept applications for the Low-Income Communities Bonus Credit Program this fall. This program, established under the Inflation Reduction Act, offers increased energy investment credits for solar and wind facilities built in connection with low-income communities.
The program covers four project categories, each associated with an increase of either 10% or 20% in energy investment credits. These categories are designed to support various types of solar and wind facilities, ensuring flexibility and inclusivity in the program.
The Low-Income Communities Bonus Credit Program represents a significant step forward in promoting environmental justice, clean energy adoption, and economic development in low-income communities. By providing financial incentives for solar and wind projects, the program encourages sustainable investments that benefit both participants and the communities they serve.
Suntuity is proud to offer financing options and tax incentives for making the switch to solar. Start saving 20-30% off the national average today: Visit our website here: