IRS guidance clarifies ‘energy community’ definition for IRA tax credit eligibility

Read the full story at Utility Dive.

The Internal Revenue Service on Tuesday issued guidance that establishes which projects can qualify for the energy community bonus credit included in the Inflation Reduction Act. Energy communities under the IRA include brownfield sites, coal communities and areas with a specific mix of employment and local tax revenue related to fossil fuels. Renewable energy groups welcomed the release of the guidance, with Solar Energy Industries Association CEO Abigail Ross Hopper calling it “critical.”

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