EPA Region 7 Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) Grants

EPA Region 7 Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) Grants is sponsored by U.S. Environmental Protection Agency (EPA) Region 7. EPA Region 7 offers funding opportunities under the IIJA and IRA to support environmental and infrastructure projects in Iowa, Kansas, Missouri, Nebraska, and nine Tribal Nations.

INFLATION REDUCTION ACT: INFRASTRUCTURE IMPLEMENTATION RESOURCES - National Governors Association INFLATION REDUCTION ACT: Infrastructure Implementation Resources This page highlights resources through March 17, 2025. For up to date information please visit this page . The Inflation Reduction Act (IRA) was signed into law by the President on August 16, 2022.

The IRA provides billions of dollars in incentives, grants and loans to support new infrastructure investments in the areas of clean energy, transportation and the environment. In many instances, states and territories are eligible to apply for infrastructure programs directly or can partner with local governments and the private sector to maximize benefits for their communities.

Inflation Reduction Act of 2022 full text Inflation Reduction Act of 2022: Provisions Related to Climate Change , Congressional Research Service, October 3, 2022 Offshore Wind Provisions in the Inflation Reduction Act, Congressional Research Service , September 29, 2022 Inflation Reduction Act of 2022: Incentives for Clean Transportation , Congressional Research Service, September 6, 2022 Electricity Transmission Provisions in the Inflation Reduction Act of 2022, Congressional Research Service , August 23, 2022 Inflation Reduction Act of 2022: U.S. Environmental Protection Agency and Selected Other Environmental Provisions , Congressional Research Service, August 18, 2022 Inflation Reduction Act: Agricultural Conservation and Credit, Renewable Energy and Forestry , Congressional Research Service, August 10, 2022 Inflation Reduction Act: Agricultural Conservation, Renewable Energy, and Forestry , Congressional Research Service, August 3, 2022 On February 14, 2025, President Trump signed an Executive Order creating the National Energy Dominance Council.

The Council will act as an advisory body focused on increasing energy production and expediting infrastructure permitting in the United States. Secretary of Interior Doug Burgum will lead, and Energy Secretary Chris Wright will serve as vice chair. Learn more here .

United States Department of Agriculture The U.S. Department of Agriculture (USDA) is responsible for administering over $43 billion in IRA funding. Major programs include investments in affordable and clean energy for rural communities, investments in biofuels, and investments in nature-based solutions and climate smart agriculture through the Environmental Quality Incentives Program (EQIP).

USDA Rural Energy for America Program (REAP) Solicitation of Applications United States Department of Treasury/Internal Revenue Service While IRA funds will pass through numerous federal agencies, the U.S. Treasury Department and the Internal Revenue Service have been tasked with administering more than $250 billion in tax credits.

The Treasury Department is also tasked with administering several of the key revenue portions of the IRA, including changes to the corporate minimum tax and IRS tax enforcement funding. On January 16, 2025, the U.S. Department of Treasury and Internal Revenue Service (IRS) released additional guidance on the Inflation Reduction Act’s domestic content bonus for Clean Electricity Production and Investment Tax Credits .

The updated guidance builds on the May 2024 domestic content safe harbor, allowing clean energy developers to use default cost percentages from DOE instead of direct supplier cost data to qualify for the domestic content bonus.

It also introduces alternative cost percentages for solar projects using domestically produced wafers, clarifies the use of tables for retrofits, elective pay projects, and carport or floating solar projects, allowing taxpayers to apply the safe harbor tables for construction starting within 90 days of future guidance. Learn more about the guidance here .

On January 7, 2025, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules for the Clean Electricity Investment and Production Tax Credits, also known as the technology-neutral credits , in tax code sections 45Y and 48E. The existing Investment Tax Credit (ITC) and Production Tax Credit (PTC) will be available to projects that began construction before 2025.

Qualifying projects placed into service after December 31, 2024, will be eligible for the new Clean Electricity Credits, which are designed to encourage innovation by allowing new zero-emission technologies to develop over time.

The final rules provide clarity around what clean electricity zero-emissions technologies qualify for the credits – including wind, solar, hydropower, marine and hydrokinetic, geothermal, nuclear, and certain waste energy recovery property – and discuss how combustion and gasification technologies can qualify in the future. Learn more here .

On January 10, 2025, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) on the credit for Qualified Commercial Clean Vehicles (45W) established by the IRA.

The credit for qualified commercial clean vehicles (45W) may be claimed by purchasing and placing in service qualified commercial clean vehicles, including certain battery and electric vehicles, plug-in hybrid EVs, fuel cell electric vehicles and plug-in hybrid fuel cell electric vehicles.

A credit up to $7,500 may be claimed for a single qualified commercial clean vehicle for cars and light-duty trucks (Gross Vehicle Weight Rating (GVWR) of less than 14,000 pounds), or otherwise $40,000 for vehicles like electric buses and semi-trucks (GVWR equal to or greater than 14,000 pounds).

This NPRM proposes various pathways for taxpayers to determine the incremental cost of a qualifying commercial clean vehicle while calculating the 45W credit. It also clarifies the qualifying vehicles and eligibility. Learn more about the NPRM here .

Also on January 10, 2025, Treasury and IRS released guidance on the IRA’s Clean Fuels Production Credit (section 45Z) . Section 45Z provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas (GHG) emissions below certain levels. The guidance released today was informed by input from the public, stakeholders, as well as Treasury, IRS, and expert agency collaboration.

Today’s guidance provides clarity on issues including which entities and fuels are eligible for the credit, and how taxpayers determine lifecycle emissions. Section 45Z provides a per-gallon (or gallon-equivalent) tax credit for producers of clean transportation fuels based on the carbon intensity of production.

It consolidates and replaces pre-(IRA credits for biodiesel, renewable diesel, and alternative fuels, and an IRA credit for sustainable aviation fuel. Learn more about the announcement here . On January 8, 2025, the U.S. Department of Treasury announced Final Rules and Procedural Guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program .

The 48E(h) program is an expansion of the 48(e) bonus credit designed to lower home energy costs and spur clean energy investments in low-income communities and benefitting low-income households, on Indian Land, or as part of affordable housing developments. Under the IRA, the Section 48(e) Low-Income Communities Bonus switches over to the Section 48E(h) Clean Electricity Low-Income Communities Bonus in 2025.

The rules released today highlight the expanded list of program-eligible technologies beyond wind and solar to zero-emissions technologies like hydropower and geothermal. The allocated credit provides a 10 or 20 percentage point boost on top of the 30 percent 48E investment tax credit (assuming prevailing wage and apprenticeship requirements are met).

For the 2025 Program Year, the application period will open on January 16, 2025 at 9:00 AM ET and close on August 1, 2025 at 11:59 PM ET. For the 2026 Program Year and subsequent program years, the application period will open the first Monday of February at 9:00 AM ET and close the first Friday of August at 11:59 PM ET. Learn more about the newly released Final Rules here , the procedural guidance here , and in the press release here .

On January 7, 2025, Treasury and IRS released final rules for the Clean Electricity Investment and Production Tax Credits , also known as the technology-neutral credits, in tax code sections 45Y and 48E. The existing Investment Tax Credit (ITC) and Production Tax Credit (PTC) will be available to projects that began construction before 2025.

Qualifying projects placed into service after December 31, 2024, will be eligible for the new Clean Electricity Credits.

The final rules provide clarity around what clean electricity zero-emissions technologies qualify for the credits – including wind, solar, hydropower, marine and hydrokinetic, geothermal, nuclear, and certain waste energy recovery property – and discuss how combustion and gasification technologies can qualify in the future. For more information, please see the press release and Final Guidance .

On January 3, 2025, the U.S. Department of the Treasury and the Internal Revenue Service released final rules for the Section 45V Clean Hydrogen Production Tax Credit established by the IRA. The final rules clarify how producers of hydrogen, including those using electricity from various sources, natural gas with carbon capture, renewable natural gas (RNG), and coal mine methane can determine eligibility for the credit.

To qualify for the full credit, projects must also meet prevailing wage and apprenticeship standards. In the coming weeks, the Department of Energy will release an updated version of the model that producers will use to calculate the section 45V tax credit. For more information, please see the press release here and the final rules here .

On December 13, 2024, the U.S. Department of Treasury released a report – A Framework for Providing Technical Assistance and Capacity Building to State and Local Governments for the Use of Elective Pay.

The paper offers a comprehensive analysis of the findings from a working session held by Treasury on October 11, highlighting existing programs, identifying gaps that may impede state and local governments from fully utilizing elective pay, and proposing actionable next steps to better support state and local governments. You can find a copy of the paper here .

On December 4, 2024, the U.S. Department of the Treasury and the Internal Revenue Service released final rules for the Section 48 Energy Credit – also known as the Investment Tax Credit (ITC) , which is intended to give clean energy project developers clarity and certainty to undertake major investments to produce more clean power.

The final rules largely maintain the structure proposed by Treasury in November 2023 but make some technical clarifications. The Inflation Reduction Act extended and expanded the investment tax credit until 2025, at which point the credit will switch to a technology-neutral framework. Technologies are eligible for the existing credit as long as construction begins before January 1.

Geothermal power is an exception and is eligible for the credit through 2034. The final rules maintain that owners of offshore wind projects can claim the credit for power conditioning and transfer equipment that they own, like subsea cables, and they clarify ownership rules for geothermal heat pumps. The rules clarify definitions for what is deemed a qualified biogas property and what is an integral part of qualified biogas property.

They also spell out how multiple energy properties can meet the definition of “energy project” by requiring common ownership plus four or more factors out of a wider list of seven potential factors. The regulations also determine the credit can be claimed for an energy storage technology that is co-located with and shares power conditioning equipment with a facility for which a production tax credit is claimed.

For more information, please see the Press Release and Final Rules. On November 19, 2024, the U.S. Department of Treasury released final rules and a Notice of Proposed Rulemaking (NPRM) to help entities that co-own clean energy tax credits through elective pay/direct pay .

The final rule and NPRM provide greater clarity and flexibility for direct pay eligible entities that want to jointly invest in clean energy projects – for example, a tax-exempt entity co-investing in a clean energy project with a for-profit developer, or multiple tax-exempt entities or governments that are seeking to jointly invest in clean energy projects.

Treasury’s final regulations make targeted modifications to existing partnership tax rules clarifying how co-owned projects in the clean energy space can elect not to be treated as partnerships for tax purposes and providing such projects additional flexibility. Comments on the proposed rule are due on January 21, 2025. For more information, you can find the final rule here and NPRM here .

On October 24, 2024, the Department of Treasury and Internal Revenue Service issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the IRA’s Energy Efficient Home Improvement Credit . The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM).

Soon manufacturers will be able to use IRS Energy Credits Online Portal (IRS ECO) to register with the IRS. You can learn more in the press release here . On October 24, 2024, the U.S. Department of Treasury and IRS released final rules for the Advanced Manufacturing Production Credit (Section 45X).

The Advanced Manufacturing Production Credit helps to level the playing field for U.S. companies to onshore production of critical clean energy technologies like solar and wind components, batteries and energy storage, and critical minerals.

In particular, the final rules will accelerate the buildout of domestic critical mineral supply chains by allowing taxpayers to include materials costs and extraction costs in production costs for applicable critical minerals and electrode active materials, provided certain conditions are met.

This change, based on feedback from stakeholders, will enable further investment in responsible U.S. critical minerals extraction and processing and strengthen U.S. energy security and clean energy supply chains. For more information, you can find the final rule here and press release here .

On September 17, 2024, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) and additional guidance on the IRA’s Alternative Fuel Vehicle Refueling Property Credit (section 30C). The 30C credit, which is eligible for direct pay, provides a tax credit for installing qualified alternative fuel vehicle refueling property, such as chargers and hydrogen refueling property.

Individuals, businesses, tax-exempt entities, and governments can claim credits of up to 30% for items placed into service in eligible census tracts (low-income and nonurban communities). The NPRM proposes to implement the 30C credit by defining credit-eligible 30C property, a single item of property, and energy storage property along with updating the Prevailing Wage and Apprenticeship (PWA) requirements for enhanced credits.

Public comments on the NPRM will be accepted for 60 days until November 18, 2024. For more information, please see the Press Release, NPRM and Details for Tax-Exempt Entities. In August 2024, the Treasury Department and the Internal Revenue Service (IRS) released a Notice of Proposed Rulemaking (NPRM) on the Clean Electricity Low-Income Communities Bonus Credit Amount Program (48E(h)) established by the Inflation Reduction Act.

The Program promotes cost-saving clean energy investments in low-income communities, on Indian land, as part of affordable housing developments, and benefitting low-income households. Comments on the proposed rules will be due by October 3, 2024. For more information, you can find the press release here and the NPRM here .

On June 18, 2024, U.S. Department of Treasury and the Internal Revenue Service (IRS) released final rules on Prevailing Wage and Registered Apprenticeship Requirements in the Inflation Reduction Act . The final rules from Treasury – which were developed in close partnership with the Department of Labor (DOL) – provide clarity and certainty on prevailing wage and apprenticeship requirements.

In general, if taxpayers pay prevailing wages to laborers and mechanics and hire registered apprentices for projects supported by most of the Inflation Reduction Act’s clean energy tax incentives, then taxpayers can claim an increased credit equal to five times the base incentive.

This includes projects utilizing the investment and production tax credits that help finance utility-scale wind, solar, and battery storage projects, as well as for credits for carbon capture, utilization, and storage and clean hydrogen projects. For more information, you can find the press release here and final rule here .

On June 7, 2024, the U.S. Department of the Treasury and Internal Revenue Service issued Notice 2024-48 that publishes information taxpayers may use to determine whether they meet certain requirements under the Statistical Area Category or the Coal Closure Category in Notice 2023-29 for purposes of qualifying for the Energy Community Bonus Credit. These lists are provided in Appendix 1 and Appendix 2 of the notice.

Appendix 1 pertains to the Statistical Area Category and Appendix 2 pertains to the Coal Closure Category. Learn more in the press release here . In June 2024, the U.S. Department of Treasury and Internal Revenue Service issued a notice providing guidance on the registration requirements for the IRA’s Clean Fuel Production Credit determined under § 45Z of the Internal Revenue Code.

A taxpayer must have a signed registration letter from the Internal Revenue Service (IRS) dated on or before January 1, 2025, for the taxpayer to be eligible to claim the § 45Z credit for production starting January 1, 2025. Thus, taxpayers should apply for registration as soon as possible to give the IRS sufficient time to process registration applications.

The Department of the Treasury (Treasury Department) and the IRS intend to issue additional guidance on other aspects of the § 45Z credit at a later date. You can find the notice here . On May 29 2024, the U.S. Department of Treasury and Internal Revenue Service released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit under the IRA.

These two programs are for projects placed into service after December 31, 2024, and will supersede the existing Production Tax Credit (s. 45) and Investment Tax Credit (s. 48).

These new Clean Electricity credits provide incentives for the first time to any clean energy facility that achieves net zero greenhouse gas emissions. Treasury will accept comments for 60 days following publication in the Federal Register (August 2 2024) and a public hearing will be heard on August 12 and 13, 2024. For more information, you can find the Proposed Guidance here and press release here .

On May 28, 2024, the U.S. Department of the Treasury opened a 30-day initial application window for its Low-Income Communities Bonus Credit Program , which provides a 10- or 20- percentage point increase to the investment tax credit for qualified solar or wind energy facilities under five megawatts.

Under the program, a 10-percentage point increase is available to eligible solar and wind facilities that are installed in low-income communities or on Indian land and a 20-percentage point credit increase is available to eligible solar and wind facilities that are part of a qualified low-income residential building or a qualified low-income economic benefit project.

After the initial application deadline of June 27, any additional applications will be evaluated on a rolling basis. Resources: Press Release ; Program Website. On May 16, 2024, the U.S. Department of Treasury and Internal Revenue Service released additional guidance on the Inflation Reduction Act’s Domestic Content Bonus.

The domestic content bonus applies to facilities and projects built using the required amounts of domestically produced steel, iron, and manufactured products. The revised guidance aims to provide taxpayers needed clarity and certainty to facilitate uptake of the bonus provision and unlock investments in American-made clean energy.

Specifically, to assist taxpayers in determining whether the minimum percentage of the costs of the manufactured products and components of manufactured products is met, this notice creates a new elective safe harbor that gives clean energy developers the option of relying on DOE-provided default cost percentages for an exhaustive set of manufactured products and their components.

This safe harbor is in lieu of obtaining direct cost information from suppliers. The guidance also amends last May’s Notice to add more safe harbor classifications, including the addition of hydropower technologies, as well as to provide clarity for rooftop solar. For more information, please see the press release and additional guidance .

On May 3, 2024, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final guidance for the up to $7500 30D Clean Vehicle Tax Credit under the Inflation Reduction Act (IRA). This rule states that EVs containing battery components manufactured or assembled by a FEOC will be ineligible to receive the tax credit starting in 2024.

Starting in 2025, EVs with batteries containing critical minerals extracted, processed, or recycled by a FEOC will be ineligible to receive the tax credit. This deadline extends to 2027 for difficult to trace minerals like graphite. See the DOE press release here , and the IRS press release here .

On May 3, 2024, the U.S. Department of Treasury released information on the 150 cities (also known as “Comeback Communities”) it will be engaging with directly throughout the spring and summer to provide education and outreach related to Inflation Reduction Act (IRA) tax credits under elective pay (also known as direct pay). See the full list of cities here , Secretary Yellen’s comments here , and the full featured story here .

On April 25, 2024, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on transferability within the Inflation Reduction Act (IRA) , a provision that enables tax-exempt entities including states and territories to take advantage of clean energy tax credits.

The final rule allows eligible taxpayers to transfer all or a portion of any of 11 clean energy credits to a third-party unrelated taxpayer in exchange for tax-free immediate funds, so that entities can take advantage of tax incentives even if they don’t have sufficient tax liability to fully utilize the credits themselves.

The rules are intended to simplify how clean energy projects are financed by expanding the pool of companies and entities that can take advantage of the clean energy tax credits under the law, while also incentivizing more private-sector capital to flow to projects. Transferability complements the IRA’s direct pay provision, for which Treasury and the IRS finalized guidance in March.

Learn more in the press release here and you can find the final rule here . On March 22, 2024, the U.S. Department of the Treasury and the Internal Revenue Service issued new guidance that expands eligibility for the Energy Community Bonus Credit under the IRA. This guidance will still need to be finalized with the initial proposed guidance on the bonus issued last year.

You can find the guidance here . On March 5, 2024, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released Final Rules on Direct Pay (otherwise known as “elective pay”) for tax credits under the Inflation Reduction Act (IRA).

Direct pay is a process by which states, territories, non-profit organizations, local governments, and other tax-exempt entities can file for reimbursement for portions of qualified projects through 12 different IRA tax credits. The final rule provides certainty around the required pre-filing registration process and the definition of an applicable entity.

It also makes important changes that would allow states and territories to sync their taxable year with the calendar year rather than their fiscal year. Given that IRA tax credits are available for projects with taxable years that begin after December 31, 2022, this change would allow projects to qualify for direct pay that were put into service at the beginning of 2023 by entities with fiscal years beginning later than January 1.

In addition to the final rules, Treasury issued a separate Notice of Proposed Rulemaking (NPRM) intended to provide further clarity and a more accessible pathway for applicable entities that co-own renewable energy projects to elect out of partnership tax status and therefore access elective pay. Treasury will accept comments on the NPRM until May 10. For more information, please see the Press Release ; Final Rule ; and NPRM.

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently released guidance on eligible census tracts for the Inflation Reduction Act’s Qualified Alternative Fuel Vehicle Refueling Property Credit (30C). The 30C tax credit provides up to 30% off the cost of electric vehicle chargers and alternative fuel vehicle refueling property to individuals and businesses in low-income and non-urban areas.

Based on the new guidance, the Administration estimates that the credit will be available to approximately two-thirds of Americans. This announcement does not provide full regulations on 30C, which are still forthcoming.

Resources: Press Release ; Notice ; Mapping Tool ; Program Website ; IRS FAQ ; DOE FAQ On December 28, 2023, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2024-9 that provides procedures for applicable entities – including states and territories – to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.

The phaseouts for elective payment and the statutory exception apply to the following credits: Renewable Electricity Production Credit (IRC § 45); Clean Electricity Production Credit (IRC § 45Y); Energy Credit (IRC § 48); and Clean Electricity Investment Credit (IRC § 48E). Domestic content is generally defined as steel, iron, or manufactured products that are manufactured or produced in the United States.

Generally, unless a statutory exception applies, the phaseouts for elective payment apply to projects that produce 1 or more megawatts of electricity and that fail to satisfy the domestic content requirement. Comments are due by Monday, February 26th. Please see the press release and Notice 2024-9.

On December 22, 2023, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) published a Notice of Proposed Rulemaking (NPRM) on the Inflation Reduction Act’s Clean Hydrogen Production Credit (45V). Under the 45V tax credit, hydrogen production facilities that meet prevailing wage and registered apprenticeship requirements are eligible for a credit ranging from $0.

60 to $3 per kilogram of hydrogen, depending on the lifecycle emissions of the production. Emissions will be measured and scored using the 45VH2-GREET model developed by Argonne National Lab. Clean power must be sourced from the same region as the hydrogen producer and matched on an annual basis.

The 45V credit cannot stack with the Carbon Capture and Sequestration Tax Credit (45Q) but can stack with the renewable energy production and zero-emission nuclear tax credits. Projects must begin construction by 2033 and can claim the credit for 10 years after the hydrogen facility goes into service. Comments are due by Monday, February 26th.

For more information, please see the press release, NPRM and program website. On December 22, 2023, the Internal Revenue Service (IRS) opened a new pre-filing registration tool for states and territories, along with other eligible entities, to file for direct/elective pay under the Inflation Reduction Act (IRA) and the CHIPS and Science Act.

This tool is the entry point for Governors’ offices to take advantage of the tax credits under these two bills. States and territories need to complete the pre-filing registration process to receive a registration number, which then must be included in the annual return.

Pre-filing registration requests can be submitted no earlier than the beginning of the tax year in which the taxpayer will earn the credit it wishes to file, and the current recommendation is to submit the pre-filing registration at least 120 days prior to when the entity plans to file its relevant tax return. For more information, please see the press release, pre-filing tool and the user guide.

On December 14, 2023, the U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed guidance on the section 45X Advanced Manufacturing Production Credit established by the Inflation Reduction Act (IRA).

The Advanced Manufacturing Production Credit is a new tax credit for domestic manufacturing of components along the supply chain for solar modules, wind turbines, battery cells and modules, and critical minerals processing. The Notice of Proposed Rulemaking (NPRM) proposes clarifying definitions and confirms credit amounts for eligible components, and applicable critical minerals.

The NPRM will be open for public comment for 60 days following publication in the Federal Register. For more information, please see the NPRM here and the press release here . On November 17, 2023, the Treasury and IRS released a Notice of Proposed Rulemaking (NPRM) on the Investment Tax Credit for Energy Property , as amended by the Inflation Reduction Act (section 13102).

The NPRM provides clarity around the eligibility of power conditioning and transfer equipment like subsea export cables used in offshore wind projects, as well as certain power conditioning equipment located in onshore substations. The NPRM also includes proposed rules around the eligibility of standalone battery storage for the ITC. For more information, please see the press release here and NPRM here .

On October 19, 2023, DOE and the Internal Revenue Service opened applications for the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code. This program provides a 10- or 20-percentage point tax credit boost for solar and wind projects in low-income and Tribal communities. It allows for up to 1.

8 gigawatts of eligible solar and wind capacity across four categories of projects to be allocated in credits each year. Applications will be accepted for the initial application window over the next 30-days for the 2023 program year. After 30 days, applications will continue to be considered on a rolling basis and, depending on the availability of capacity, are expected to be accepted through early next year.

The Treasury Department and IRS may choose to reallocate capacity between project categories in the event of oversubscription in any category, and unclaimed capacity will roll over into the 2024 program year when another base 1. 8 gigawatts of capacity will be available via application. Learn more in the press release here .

On October 13, 2023, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released updated guidance that will allow consumers to transfer their new electric vehicle credit of up to $7,500 or their previously owned electric vehicle credit of up to $4,000 to a car dealer starting January 1, 2024.

This is designed to effectively lower the vehicle’s purchase price by providing consumers with an upfront down payment on their electric vehicle at the point of sale, rather than having to wait to claim their credit on their tax return the next year. Only vehicles purchased under the consumer clean vehicle credits are eligible for this benefit.

The guidance also provides proposed eligibility rules for the previously owned clean vehicle credit to give consumers more certainty regarding their ability to claim and to transfer the credit. Later this month, dealers will be able