U.S. Department of the Treasury Releases Final Rules to Expand Clean Energy Investments and Lower Costs in Low-Income Communities

Final rules establish program that expands on $7.5 billion in clean energy investments in low-income communities and on Indian Lands to date; next round of program scheduled to open for applications on January 16WASHINGTON – Today, the U.S. Department of the Treasury and the IRS released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program. The 48E(h) program is an expansion of the first-of-its-kind 48(e) bonus credit designed to lower home energy costs and spur clean energy investments in low-income communities and benefitting low-income households, on Indian Land, or as part of affordable housing developments.