Inflation Reduction Act Bonus Credits
The Inflation Reduction Act (IRA) provides bonus credits for certain projects. Investment tax credit properties in a low-income community or on American Indian land are eligible for 10% bonus credits, subject to an annual overall calendar year limitation of 1.8 gigawatts. The IRA uses the new markets tax credit (NMTC) definition of a low-income community to determine eligibility for bonus credits.
Use the Novogradac NMTC Mapping Tool to identify low-income or designated American Indian/Alaska Native/Native Hawaiian areas.
Low-Income Communities Bonus Credit Program
U.S. Office of Economic Impact and Diversity (external site)
Frequently Asked Questions
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