📣 This morning we announced that applications for the 2024 program year of the Low-Income Communities Bonus Credit Program will open on May 28, 2024 at 9:00am ET! We also announced that approximately 325 megawatts of available capacity will be rolled over to the 2024 program year, adding to the annual 1.8 gigawatts of capacity. This means over 2.1 gigawatts is available to support small solar or wind installations located in and serving low-income or Tribal communities and affordable housing, through the Inflation Reduction Act. Please refer to the press release for details of available capacity by category: https://lnkd.in/eMz8VwEV
As a reminder, all applications within the first 30 days will be treated as submitted on the same date and at the same time. This ensures that all applicants, regardless of size or resources, have an equal opportunity to participate.
“The Low-Income Communities Bonus Credit Program is already boosting access to clean, reliable power in underserved communities, helping lower energy costs for low-income families, and creating good-paying jobs,” said John Podesta, Senior Advisor to the President for International Climate Policy. “The program’s impact will grow even more in its second year thanks to the increased available capacity.”
To help potential applicants prepare for the application process, Treasury and the Department of Energy will host a public webinar on May 16, 2024 at 1:00pm ET. Register for the webinar through the link in the press release.
