Application program for 2024 low-income communities ITC bonus opens Q2

The Treasury and IRS issued procedural guidance for the 2024 program year of the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code via the IRA. The program will open to applications in Q2 of 2024. It includes a 10 or 20% bonus to the ITC for qualified small solar or wind facilities in low-income communities.