U.S. Department of the Treasury, IRS, and Department of Energy Announce Next Steps for 2024 Program Year of Inflation Reduction Act Program for Solar and Wind Energy in Low-Income Communities

*2024 program year has received over 50,000 applications to date; 2023 program year resulted in $3.5 billion in clean energy investments from more than 49,000 solar facilities in low-income communities *WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), announced that Treasury and IRS have received over 50,000 applications requesting over 6 gigawatts of capacity for clean energy projects across the country so far in the 2024 Program Year of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code.