Treasury announces tax credit bonus for renewables in low-income areas

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“A proposed rule from the Biden administration would add an increase of up to 20 percentage points to the tax credit for solar and wind facilities in low-income areas. Treasury Department officials told reporters on a call Wednesday that the initiative, called the Low-Income Communities Bonus Credit program, will spread 1.8 gigawatts of electric capacity available for 2023 across four categories.”

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