Summer 2023 Solar Industry Update slide image

Summer 2023 Solar Industry Update

/15/2023 Energy Communities Bonus Newest Guidance Energy Communities Bonus Credit Program: a 10% increase to the Investment or Production Tax Credits (ITC/PTC) to brownfields, fossil fuel communities with high unemployment, and coal closure communities. Treasury released guidance on April 4th, including releasing a map hosted by the Interagency Working Group on Coal & Power Plant Communities & Economic Revitalization, DOE and IRS. They updated both map and guidance on June 15th, as well as adding an FAQs page. From 2024 on, the map should be updated each May. Seattle Washington Idaho Oregon Sacramento San Francisco Fresno Californ о Great Basin Uta Morna Rocky Mounta Salt Lake Las Vegas volorado Plateau Los Angeles San Diego Dakota South Dakota Minnesota Minneapolis Wisconsin Great Plains Iowa Nebraska Denver UNITED STATES Colorado Mexico Lake Superior Loke Huron Toronto Buffalo Milwaukee Detroit Chicago Cleveland Cal liinois Kansas City Indianapolis of Cincinnati St Lou Louisvill Kansas Missouri Nashvi Oklahoma. Oklahoma City Arkansas Memphis Arizon Phoenix Dal Tucson El Paso Texas Hermosillo Chihuahua Decidenter Appalachian Virginia o Charlotte Atlanta South Carolina Mississi Alabama Georgia Louislaba Houston New Orleans Florida San Antonio o Torreón Monterrey Gulf of Mexico Coastal Plain Jacksonville Tampa Miam Quebec Ne Bruns Ottawa Montreal Maine Appalachian Mountains New York Philadelphia Washington Richmond Norfolk *Grandfather clause: if a project starts construction on a site located in a fossil fuel community, it will still receive the credit if the status of the community changes in a later year. Providence Coal Closure Community Adjacent to a Coal Closure Community Metropolitan or Non-Metropolitan Statistical Areas that meet the Fossil Fuel Employment Threshold and the unemployment rate requirement Not depicted: Brownfields (EPA Brownfield Program Sites) Fossil fuel communities as determined based on tax revenue. Grandfather clause* only applies to facilities constructed in/after 2023.
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