The Low-Income Communities Bonus Credit Program increases the amount of energy investment tax credits for clean-energy investments in low-income communities, on Indian land, as part of affordable housing developments, and benefitting low-income households. The Department of Energy's Office of Economic Impact and Diversity will administer the program and evaluate submitted applications. The IRS will issue award letters or denials based on the eligibility of the facilities. The date and time the application portal will open for registration and application submission will be announced in early September 2023. For details, please visit the Department of Energy's webpage for the Low-Income Communities Bonus Credit Program or use the resources below. Notices, FAQs and other guidance Note: These items may contain information that has been superseded by newer guidance. Final Regulations: Additional Guidance on Low-Income Communities Bonus Credit Program (Aug. 20, 2023) Revenue Procedure 2023-27 (Aug. 10, 2023) Revenue Procedure 2024-19 (March 29, 2024) Notice 2023-17, Initial Guidance Establishing Program to Allocate Environmental Justice Solar and Wind Capacity Limitation Under Section 48(e) (Feb. 13, 2023) Notice 2022-49, Request for Comments on Certain Energy Generation Incentives (Oct. 5, 2022) News releases IR-2024-86, IRS and Treasury issue guidance for solar and wind powered energy facilities in low-income communities under the Inflation Reduction Act IR-2023-145, IRS and Treasury issue guidance for owners of solar and wind powered energy facilities in low-income communities for increased energy credit under the Inflation Reduction Act (Aug. 10, 2023) IR-2023-107, Treasury and IRS provide proposed rules on energy projects for low-income communities (May 31, 2023) IR-2023-26, Treasury and IRS provide guidance on energy projects for low-income communities (Feb. 13, 2023) IR-2022-172, IRS asks for comments on upcoming energy guidance (Oct. 5, 2022) Related Credits and deductions under the Inflation Reduction Act of 2022 FS-2023-21, Increased energy investment credit for solar and wind facilities benefitting low-income communities (Sept. 29, 2023) Forms and publications Form 3468, Investment Credit
