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November 17, 2023

ACORE Statement on the Treasury Department’s Section 48 ITC Guidance

WASHINGTON, D.C. – The U.S. Treasury Department has released preliminary guidance on the Section 48 Investment Tax Credit, which was expanded under the Inflation Reduction Act (IRA) to include new credits for fast-growing technologies such as offshore wind, battery storage, and microgrid controllers. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), on the notice of proposed rulemaking released this morning:

“Thanks to the IRA, clean energy businesses now have access to a stable tax platform like the one enjoyed by the fossil fuel sector for more than a century, but to fully take advantage of these benefits, they need to understand how the provisions work. The tax guidance released today provides important clarity to developers and investors looking to further America’s energy transition. We remain impressed by the Administration’s commitment to fully maximizing the economic and environmental benefits of this transformative legislation, and plan to continue working closely with Treasury in support of fair, timely, and practicable final rules across all facets of the clean energy tax package.”

Background:

ACORE submitted both individual and joint comments to the U.S. Treasury Department seeking clear IRA guidance. ACORE staff has also participated in stakeholder roundtables with the Biden administration on the implementation of the IRA.

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About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)

The post ACORE Statement on the Treasury Department’s Section 48 ITC Guidance appeared first on ACORE.

ACORE Statement on the Treasury Department’s Section 48 ITC Guidance

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Renewable Energy

Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?

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Not at all.

English has an uncountable thousands of words it doesn’t need.  If you don’t believe me, check out “A Word a Day,” and learn the meanings of words that are completely useless.  The last two days brought us:

  • April 14: Flocculent (adjective: having a fluffy, woolly texture).
  • April 13: Impetrate (verb: to obtain by request or entreaty).

Maybe this impressed people a century ago, but if I wrote that a sheep was flocculent, I think you’d be rolling your eyes.

While some English speakers 400 years ago were discovering gravity, developing calculus, using newly minted telescopes to explore our solar system, and refining our understanding of logic as originally put forth by Aristotle, others were inventing words for groups of animals.

Sure, it’s useful to have words like “pack” (for dogs), “herd” (for cows and horses), “flock” (for birds), and perhaps a few others.  But what about a group of owls (a parliament), flamingos (a flamboyance), or ferrets (a business)?  And that’s just the beginning.

By contrast, Spanish has too few words, IMO.  For those interested, here are the 15+ possible meanings in English of the verb “llevar.” As someone who made an honest attempt to learn the language, I’d go into panic mode when someone would say something with any conjugation of that verb.  S***! Is he talking about wearing something, Giving someone a ride? Bringing something? Getting along well with someone?  Stealing something?

Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?

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Renewable Energy

The Universe Doesn’t Care About Us

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If you believe that a loving God has a plan for you, and is steadily guiding you towards happiness, then you disagree with the assertion here.

The rest of us are forced to admit that the universe is cooly indifferent to us and the outcome of our lives here on Earth.

This doesn’t mean, btw, that our lives are meaningless, but it does compel us to create our own meaning as we make our choices as we go along.

Another point to be made here is that there is no “galactic cavalry” that is going to come charging in, guns ablazing, to save us from the criminal insanity of the Trump administration.

The Universe Doesn’t Care About Us

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Renewable Energy

Sedition?

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Mark Kelly, like the vast majority of his fellow Americans, wishes to see Trump removed from office, as the president is clearly criminally insane.

That doesn’t make him, or any of the rest of us, guilty of sedition.

Sedition?

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