Agency: Department of the Treasury
Description:
Investment tax credit for small-scale solar and wind facilities in low-income communities.
Bill Section:
13103
US Code:
26 USC 48(e)
New or Existing:
New
Potential Cost:
N.A.
Timeline:
2023 to until 48E(h) becomes available
TCS Notes:
Cost rolled into score of Sec. 13101, Renewable electricity production tax credit (PTC), and Sec. 13102, Renewable electricity investment tax credit (ITC).
Ends when the 48E(h) Clean Electricity Investment Tax Credit special rules for certain facilities placed in service in connection with low-income communities becomes available. The Secretary must issue guidance regarding implementation of 48E(h) by January 1, 2025.