Treasury announces tax credit bonus for renewables in low-income areas ...Middle East

The Hill - News
Treasury announces tax credit bonus for renewables in low-income areas
A proposed rule from the Biden administration would add an increase of up to 20 percentage points to the tax credit for solar and wind facilities in low-income areas. Treasury Department officials told reporters on a call Wednesday that the initiative, the Low-Income Communities Bonus Credit program, will spread 1.8 gigawatts of electric capacity available for 2023 across four categories. Eligible categories include 700 megawatts to facilities in low-income neighborhoods; 200 to facilities on tribal land; 200 to facilities located in federally-subsidized housing; and 700 to facilities that generate electricity where at least half of the financial benefit goes to households under 200

Hence then, the article about treasury announces tax credit bonus for renewables in low income areas was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Treasury announces tax credit bonus for renewables in low-income areas )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News