The Notice enables developers and investors to more easily determine the Energy Community status of projects.

Key Points:

..The IRS and the Treasury Department have provided tables to assist in determining eligibility for energy community bonus tax credits, which set out metropolitan statistical areas (MSAs) and nonmetropolitan statistical areas (non-MSAs); MSAs with historically significant fossil fuel employment; census tracts that meet the coal closure test; and a corresponding mapping tool.

..Offshore wind projects can qualify for energy community bonus tax credits if their onshore substation is located within an Energy Community.

..The methodology to determine historical fossil fuel local tax collections remains an open question