U.S. Department of the Treasury Releases New Report Highlighting $3.5 Billion in Clean Energy Investments in Low-Income Communities

New report reveals more than 49,000 solar facilities awarded bonus credits in the first year of groundbreaking Inflation Reduction Act program; investments estimated to fund generation of nearly $270 million worth of clean energy annually in underserved communities.WASHINGTON – Today, the U.S. Department of the Treasury released a report with new data on the success of the 2023 program year of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program. The report demonstrates how the program is lowering American families’ energy costs as part of the Biden-Harris Administration’s economic agenda. About $3.5 billion in investments in solar installations made through the Low-Income Communities Bonus Credit Program are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places. That is equivalent to the total annual electricity use of 200,000 average-sized U.S.