Low-Income Communities Bonus Credit Program (Clean Electricity Investment Tax Credit)
Funding Amount
Up to 70% of solar/wind project costs (base 30% ITC + 20% Low-Income Adder + additional bonuses possible)
Deadline
Closed
Grant Type
foundation
Overview
Low-Income Communities Bonus Credit Program
Funder: U.S. Department of Energy (DOE)
Administered by: HUD Office of Multifamily Housing Programs
Program Overview
The Low-Income Communities Bonus Credit Program, also referred to as the "Low-Income or EJ Adder," supplements the existing Clean Electricity Investment Tax Credit (ITC 48E) to promote cost-saving solar or wind investments in low-income communities.- Base ITC Credit: Up to 30% of renewable energy project costs
- Low-Income Communities Bonus Credit (Adder): Additional 20 percentage points
- Combined Base + Bonus: 50% of residential solar project costs
- With Additional Bonuses: Potentially up to 70% of project costs
Funding Details
- Solar installations
- Wind installations
- Low-income residential buildings
- HUD-assisted multifamily housing properties (most eligible)
- Eligible covered housing under Category 3: Qualified Low-Income Residential Project
- Projects on Indian land
- Projects benefitting low-income households
Eligible Projects
- Low-income communities
- Tribal lands
- Across the United States
Geographic Scope
- Initial Application Window 2024: Closed June 27, 2024 (11:59pm ET)
- Rolling Basis: Applications submitted after initial window evaluated on rolling basis
- Next Application Window: 2026 program year (dates not yet announced)
Application Timeline
- HUD-assisted multifamily housing property owners
- Other eligible organizations per IRS guidance
Eligible Applicants
- HUD Office of Multifamily Housing Programs
- Reference Official IRS Guidance: Revenue Procedure 2024-19 and Treasury Regulations 1.48(e)-1
Contact Information
- General Application Tips recording
- Developing a Draft Benefits Sharing Statement recording
- Presentations used in recordings available online
Resources Available
- These materials represent views of HUD and participating stakeholders only
- Consult official IRS guidance for complete eligibility and application requirements
- Information provided is not tax advice; consult tax professional, accountant, or attorney for tax-related assistance
Important Disclaimers
How to Apply
Application Process
Required Materials:
Application Window:
Resources to Assist:
1. General Application Tips recording
2. Draft Benefits Sharing Statement preparation recording
3. Presentations from recordings (available online)
4. Recordings feature approved applicants from 2023 sharing their experiences
Official References:
Focus Areas & Funding Uses
Fields of Work
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