The U.S. Department of the Treasury today unveiled updated guidance for the energy community tax bonus included in the Production Tax Credit and Investment Tax Credit provisions of the Inflation Reduction Act. The notice defines which communities are eligible for the credit, ensuring pathways for more offshore wind communities to qualify and fossil fuel communities to meet the criteria. The notice also clarified the eligibility of communities near brownfields. 

In response to the updated guidance, the BlueGreen Alliance released the following statement from Executive Director Jason Walsh: 

“One of the goals of the Inflation Reduction Act was making sure that as we transition to cleaner, cheaper energy that we don’t leave workers behind in the communities impacted by the shift. We applaud the Biden administration and the work that Treasury has done to respond to feedback from communities and ensure that these tax credits are available to create good-paying union jobs in the communities that need them the most.”