U.S. Treasury announces tax credit bonus for renewable energy in low-income areas

Treasury announces tax credit bonus for renewables in low-income areas 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 offic… zbudryk The Hill

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Eligible categories include 700 megawatts to facilities in low-income neighborhoods; 200 to facilities on tribal land; 200 to facilities located in federally-subsidized housing; and 700 to facilities that generate electricity where at least half of the financial benefit goes to households under 200 percent of the poverty line.

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