Stackable Credits for Clean Energy Projects Available from the US Inflation Reduction Act

In addition to investment tax credits, certain states with shuttered coal mines and coal-fired power plants are benefitting from additional tax credits on renewable energy projects.

The IRA includes a bonus credit of up to 10 percent for projects in “energy communities.”  The law defines energy communities as places with shuttered coal mines and coal-fired power plants, and places with a history of employment in fossil fuel industries and higher unemployment than the U.S. average. Most of West Virginia is an energy community, as is most of Texas and parts of the Midwest, Mountain West and South—a designation that includes some of the reddest parts of red states.

Additional tax credits are available to projects that meet specific criteria.

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