US Treasury and IRS release guidance for a 10% bonus under the Inflation Reduction Act for clean energy projects in historically energy-producing communities.

The US Treasury and IRS released guidance on a bonus under the Inflation Reduction Act for clean energy projects in historically energy-producing communities. This aims to help these communities benefit from the clean energy boom, creating jobs and reducing energy costs. The bonus offers up to 10% extra on top of the Investment Tax Credit, and the guidance is designed to provide clarity for companies planning investments.

March 22, 2024
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