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Inflation Reduction Act Solar Provisions: Energy Community Bonus Adder - Self Study
Last updated 03/2024
About this course
This course is one of four free courses included in the Inflation Reduction Act: Solar Provisions Explained Series by CollectiveSun.
The Inflation Reduction Act (IRA) introduced a new tax incentive called the Energy Community bonus adder.
The Inflation Reduction Act (IRA) introduced a new tax incentive called the Energy Community bonus adder.
For eligible projects, the 10% bonus adder is added to the base 30% Investment Tax Credit (ITC) creating a 40% ITC. The Energy Community bonus adder is meant to stimulate more solar adoption in areas of the country that have historically been connected with fossil fuel production. In this free course, we will describe how eligibility is determined and the various methods to qualify.
In this 60-minute session, we review how Energy Community eligibility is determined, offer insights into the strategic focus of this incentive — promoting solar adoption specifically in areas with historical ties to fossil fuel production, and share how eligible projects can achieve a whopping 40% Investment Tax Credit thanks to the 10% bonus adder.
This webinar originally aired on October 19th, 2023
This webinar originally aired on October 19th, 2023
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Course outline
1 module • 15 assignments • 1:12 hours of video lectures
Module 1 • 13 assignments
IRA Provisions: Energy Community Bonus Adder
Module 1 • 13 assignments
IRA Provisions: Energy Community Bonus Adder
- Disclaimer
- Introduction to CollectiveSun and Speakers (10:25 minutes)
- Three Categories of Eligibility: Brownfield (02:15 minutes)
- Three Categories of Eligibility: Statistical Area (13:01 minutes)
- Three Categories of Eligibility: Coal Closure (01:53 minutes)
- Eligibility Map (03:38 minutes)
- Low-Income Communities Bonus Adder Portal is Open! (01:54 minutes)
- Solutions (06:57 minutes)
- Q&A with Lee and Nicole (14:49 minutes)
- Slide Deck (.pdf)
- Energy Community Eligibility Map Tutorial (17:18 minutes)
- Q&A Transcript from Live Webinar (.pdf)
- DOE + NETL: IRA Energy Community Eligibility Map
Author
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CollectiveSun is a mission-driven company exclusively dedicated to nonprofit solar financing, freeing up essential funding for organizations while also reducing greenhouse gas emissions. Our programs make solar and storage possible for nonprofits such as houses of worship, schools, arts and community centers and many others to help them achieve financial and... Learn more
