{"id":28006,"date":"2023-02-14T10:24:46","date_gmt":"2023-02-14T15:24:46","guid":{"rendered":"https:\/\/www.carh.org\/?p=28006"},"modified":"2023-02-14T10:24:46","modified_gmt":"2023-02-14T15:24:46","slug":"irs-provides-guidance-energy-projects-for-low-income-communities-and-qualifying-advanced-energy-projects","status":"publish","type":"post","link":"https:\/\/www.carh.org\/irs-provides-guidance-energy-projects-for-low-income-communities-and-qualifying-advanced-energy-projects\/","title":{"rendered":"IRS Provides Guidance Energy Projects for Low-Income Communities and Qualifying Advanced Energy Projects"},"content":{"rendered":"<p>On February 13, 2023, the Internal Revenue Service (IRS) published guidance on how it will allocate 1.8 gigawatts of capacity in bonus renewable energy Investment Tax Credits (ITCs) to low-income communities as provided in the Inflation Reduction Act (IRA) as well as guidance on the qualifying advanced energy project credit program. See the relevant notices below:<\/p>\n<ul>\n<li><em><a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-23-18.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Notice 2023-18<\/strong><\/a> <\/em>dated February 13, 2023. IRS and Treasury provide guidance on the Qualifying Advanced Energy Project Credit. The Notice establishes the section 48C(e) program to allocate $10 billion in credits ($4 billion of which may only be allocated to projects located in certain energy communities census tracts). The notice also provides initial program guidance.<\/li>\n<li><strong><em><a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-23-17.pdf\" target=\"_blank\" rel=\"noopener\">Notice 2023-17<\/a> <\/em><\/strong>dated February 13, 2023. Treasury and IRS provide guidance on energy projects for low-income communities. The Notice establishes the Low-Income Communities Bonus Credit Program and provides initial guidance for potential applicants for allocations of calendar year 2023 capacity limitation.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On February 13, 2023, the Internal Revenue Service (IRS) published guidance on how it will allocate 1.8 gigawatts of capacity in bonus renewable energy Investment Tax Credits (ITCs) to low-income communities as provided in the Inflation Reduction Act (IRA) as well as guidance on the qualifying advanced energy project credit program. See the relevant notices&hellip;<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[1],"tags":[],"class_list":["post-28006","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-1","description-off"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/users\/263"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/comments?post=28006"}],"version-history":[{"count":1,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28006\/revisions"}],"predecessor-version":[{"id":28007,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28006\/revisions\/28007"}],"wp:attachment":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/media?parent=28006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/categories?post=28006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/tags?post=28006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}