WASHINGTON, D.C. — The American Council on Renewable Energy (ACORE) issued the following statement from ACORE President and CEO Ray Long after the Senate Finance Committee released draft legislative text as part of the Congressional budget reconciliation process:

“The Senate Finance Committee proposal is a premature rollback of solar and wind tax credits. This draft is a major setback to American energy dominance, and risks jeopardizing billions of private investments that are currently benefiting communities throughout the country. This represents a retreat from the certainty and scope the market needs to make the energy investments needed to meet escalating electricity demand. Without changes, this bill will increase energy prices for consumers, threaten thousands of good-paying jobs, and all but guarantees we forfeit the AI race to China. Congress has a narrow window to get this right. We urge lawmakers finalize a bill that utilizes all energy technologies, and honors existing pro-growth policies essential for strengthening American competitiveness.”

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ABOUT ACORE

For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.

Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org

Dylan Helms
Manager, Communications
American Council on Renewable Energy
helms@acore.org

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https://acore.org/news/acore-statement-on-senate-reconciliation-draft/