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IRS Announces 2024 Carry Forward of Unallocated Capacity Limitation for Low-Income Communities Bonus Credit Program

Friday, May 17, 2024 - 1:36PM

The Internal Revenue Service (IRS) issued Announcement 2024-25 today, which will be included in the June 17 Internal Revenue Bulletin, to announce that 324.785 megawatts (MW) of unallocated environmental justice solar and wind capacity limitation from the 2023 Low-Income Communities Bonus Credit Program has been carried over to 2024.

Learn more about hot topics in renewable energy by watching the Novogradac Tax Credit Tuesday podcast’s YouTube playlist for the Renewable Energy Tax Credit Finance Series.

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