The Low-Income Communities Bonus Credit Program increases the amount of the energy investment tax credits, under section 48 or section 48E for certain facilities built in low-income communities, on Indian land, as part of affordable housing developments, or which benefit low-income households. The Department of the Treasury and the Internal Revenue Service have partnered with the Department of Energy to administer the program. The Department of Energy’s Office of Economic Impact and Diversity administers the program application portal and will review applications. The Department of Energy will make recommendations to the IRS. 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 Notices, FAQs and other guidance Note: These items may contain information that has been superseded by newer guidance. NPRM: Clean Electricity Low-Income Communities Bonus Credit Amount Program Announcement 2024-25, Low-Income Communities Bonus Credit Program Unallocated Environmental Justice Solar and Wind Capacity Limitation Carryover from the 2023 Program Year to the 2024 Program Year 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-2024-142, IRS and Treasury issue release capacity limitation carryover amounts for the 2024 program year 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
