Shenandoah, all of Schuylkill eligible for Energy Communities Bonus Tax Credit, says Casey
KAYLEE LINDENMUTH / SHENANDOAH SENTINEL FILE - Mining activity can be seen in the distance from West Poplar Street in Shenandoah.
SHENANDOAH – Our region is an eligible area for tax credits that legislators say are intended to incentivize companies to build and manufacture new energy projects “in the communities that have powered our Nation for generations.”
U.S. Senator Bob Casey published an updated map of communities in the state that are considered “energy communities” by a provision of the Inflation Reduction Act, and Shenandoah, the entirety of Schuylkill County, the majority of Northumberland County, and much of Columbia and Luzerne Counties are included.
“Our coal communities have a storied tradition of powering our Nation since the Industrial Revolution and that’s what makes them uniquely qualified for new energy jobs,” Senator Casey said in the release. He said the new tax credits are intended so that “more clean energy projects will be built in our communities and Pennsylvania workers will continue to light the way into the future.”
The Inflation Reduction Act, Casey says, provides a bonus tax credit worth 10 percent of the cost of any clean energy project placed in an energy community, defined as a brownfield site, an area with significant fossil fuel employment, or a census tract or any immediately adjacent census tract with a recent coal mine or coal plant retirement.
The tax credits are administered by the Treasury Department and the Internal Revenue Service, in close collaboration with the Department of Energy. The Treasury Department’s announcement and information on qualifying for the bonus credit can be found here.
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