Initial IRA low-income bonus credit plans may sideline small solar projects The program structure will make it difficult for smaller residential and commercial projects to win out, but changes are expected for 2024.

The Inflation Reduction Act (IRA) included some substantial tax credit add-ons for solar projects sited in low-income communities, but the industry didn’t receive further detail on those credits until mid-February. While solar and environmental justice advocates said they appreciate the government incentivizing solar projects for underserved populations, the Dept. of the Treasury’s initial guidance left…

The post Initial IRA low-income bonus credit plans may sideline small solar projects <br><span style='color:#404040;font-weight:600;font-size:15px;'>The program structure will make it difficult for smaller residential and commercial projects to win out, but changes are expected for 2024.</span> appeared first on Solar Power World.