for clean energy projects. To access the bonus, “energy communities” must meet at least one of three criteria: they must be a “brownfield site,” which means that there are affected by hazardous pollutants; they must have had a coal mine close since 1999 or coal plant closure any time since 2009; or they must have a high unemployment rate or at least 0.17 percent of the community employed in the fossil fuels sector.
Together, the three tax credits add up to 3.05 ¢/kWh or up to 50 percent of project cost for clean energy projects, like wind and solar, located in energy communities. This is a significant discount that utilities and project developers should take advantage of to avoid the worst impacts from the climate crisis.
Energy Communities, as defined by the Inflation Reduction Act, and currently-operating coal plants. |
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