The resources provided here have been identified by the Connecticut Green Bank as potentially helpful references regarding the Inflation Reduction Act (IRA) and related tax credits. However, these materials are external resources created by independent organizations. The Connecticut Green Bank does not endorse, guarantee, or assume responsibility for the accuracy, completeness, or relevance of the information contained in these resources. Users are encouraged to consult directly with legal, financial, or tax professionals to verify the information and determine how it may apply to their specific circumstances. 

Federal Overview and Insights 

• Summary of the IRA from Law firm K&L Gates

• Norton Rose Fulbright Law Firm Q&A: https://www.projectfinance.law/tax-equity-news/qa-on-the-inflation-reduction-act 

• Investment Tax Credit Fact Sheets for Bonus Credit Programs: https://www.cleanegroup.org/publication/investment-tax-credit-fact-sheets-bonus-credit-program/ 

• IRA Bonus Mapper which provides an overview of geographic eligibility for ITC bonuses and Justice40 programs: https://wri.github.io/ira-eligibility-enhancements/#map=8.6/41.5152/-72.4578 

Connecticut-specific Overview 

• Flyer created by the Connecticut Green Bank, Department of Energy & Environmental Protection (DEEP), Department of Revenue Services, and Department of Economic & Community Development (DECD) outlining potential IRA benefits for applicable projects: https://www.ctgreenbank.com/cpa-tax-credits-resources/High level info on what the IRA means for the State of CT, from the White House: https://www.whitehouse.gov/wp-content/uploads/2022/08/Connecticut.pdf 

Low-Income Community Bonus Credit Resources (48e ITC Bonus) 

• Overview and Eligibility 

• • DOE IRA Low-Income Community Bonus Credit Map – Mapping Tool for 48e Low-Income Community Bonus Credit Program (arcgis.com) 

• • Overview of the criteria to qualify for a low-income ITC bonus: https://www.energy.gov/justice/low-income-communities-bonus-credit-program 

• Application Resources and Tools 

• • Program capacity dashboard: https://eco.energy.gov/ejbonus/s/ 

• • Applicant user guide: https://www.energy.gov/media/324656 

• • Applicant checklist: https://www.energy.gov/media/325592 

• • Low Income Tax Credit FAQ: https://www.energy.gov/justice/articles/48e-frequently-asked-questions 

Energy Community Tax Credit Bonus  

• DOE IRA Energy Community Tax Credit Bonus Map – IRA Energy Community Tax Credit Bonus (doe.gov) 

• Overview of the criteria to qualify for the energy community bonus, as well as general contact information for questions. https://energycommunities.gov/energy-community-tax-credit-bonus/ 

• Energy Community Tax Credit FAQs: https://energycommunities.gov/energy-community-tax-credit-bonus-faqs/ 

Direct Pay and Transferability 

• A helpful interactive tool to learn about and receive assistance on elective pay tax credits under the Inflation Reduction Act (IRA) provided by Lawyers for Good Government (L4GG): https://cleanenergytaxnavigator.org/  

• Final Regulations on Direct Pay

• IRS Overview of Elective Pay and Transferability: https://www.irs.gov/credits-deductions/elective-pay-and-transferability