To find the area of an isosceles triangle, we can use the formula:
\[ \text{Area} = \frac{1}{2} \times \text{base} \times \text{height} \]
In this case, the base of the pennant is 9 inches and the height is 24 inches.
Plugging in the values:
\[ \text{Area} = \frac{1}{2} \times 9 \times 24 \]
Calculating:
\[ \text{Area} = \frac{1}{2} \times 216 = 108 \]
Thus, each pennant will use 108 square inches of felt.