WASHINGTON, D.C.— The U.S. Departments of Energy (DOE) and the Treasury, and the Internal Revenue Service (IRS) today announced several major programs to accelerate domestic clean energy manufacturing and ensure traditionally underserved communities benefit from clean energy technologies. As part of this whole of government approach, DOE is partnering with Treasury and IRS to implement two programs funded by the President’s Inflation Reduction Act: the Low-Income Communities Bonus Credit Program (48(e)), and the Qualifying Advanced Energy Project Credit(48C). Continuing the effort to uplift underserved communities, DOE also opened applications for the $750 million Advanced Energy Manufacturing and Recycling Grant Program, funded by the Bipartisan Infrastructure Law, to support industrial projects by small- and medium-sized manufacturers in energy communities. These announcements underscore the Administration’s commitment to leading an equitable clean energy transition and supporting the goals of President Biden’s Justice 40 Initiative.
“Underserved communities have the people, the skills, and the willpower, but often lack the opportunities and resources to invest in clean energy infrastructure to revitalize their local economies,” said U.S. Secretary of Energy Jennifer M. Granholm. “These transformative programs and grants will strengthen the nation ensuring U.S. workers and businesses lead us around the globe and deliver on the President’s promise to not leave communities behind during this critical energy transition.”
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