News Detail

Biden Administration Launches Section 48(e) Program to Expand Access to Clean Energy Projects in Underserved Communities

The Biden Administration formally launched the Section 48(e) Low-Income Communities Bonus Credit Program to expand access to clean energy projects in underserved communities by providing an additional 10% to 20% tax incentive for solar and wind projects in low-income communities, on Tribal land, and within affordable housing. When combined with other incentives, wind and solar projects in low-income communities could receive as much as a 70% tax credit. The Energy Department is accepting applications for the initial application window over the next 30 days for the 2023 program year. After the initial 30-day application window closes, applications for 2023 will be considered on a rolling basis.

Additional information about program capacity, eligibility and the allocation processes can be found in the IRS Final Regulations and IRS Revenue Procedure 2023-27. Additional information about the program is also available from the Energy Department Resource Page.

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