New incentive added: Solar & wind energy tax credit boost

With the passage of the Inflation Reduction Act, new and existing national tax credits will encourage the adoption of more energy efficient building systems and constructing renewable energy facilities. The standard investment tax credit for a new qualifying solar or wind energy is six percent while the bonus tax credit for investing in low-income communities is worth 10 additional percentage points.

There is even an option, in the same areas, to gain an additional 10 points if constructing the facility on a qualifying rental residential building or if it will benefit low-income households. 

Chicago Cityscape has added this geographically-based "IRA solar & wind bonus credit" to Incentives Checker. Search for it within Incentives Checker using the keywords IRA, solar, wind, or energy.

screenshot of Incentives Checker with the "IRA" keyword being used to locate this particular incentive at an eligible address

Look up an address in Illinois to see if it might qualify for the energy credit boost.