Published

3 years ago

November 17, 2023

Alice Rush

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.

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

Renewable Energy

There Were Prior Threats to the Nation Stemming from the White House

Published

2 days ago

September 24, 2026

Alice Rush

For most of our lives, many of us boomers have believed that the biggest threat to the United States was our president, starting with Tricky Dick Nixon, the inventor of the “trickle-down economics,” liar Ronald Reagan, and GW (the moron) Bush.

But yes, none of us was prepared for the cold, calculating criminal who is Donald Trump.

There Were Prior Threats to the Nation Stemming from the White House

Renewable Energy

Yes, Human Activity, in its Current State, Is Unsustainable

Published

2 days ago

September 24, 2026

Alice Rush

The fact that human activity is unsustainable has been revealed to us gradually over the last century. Rachel Carson’s “Silent Spring” was published 63 years ago.

That said, the ideas of climate change, ocean acidification, and loss of biodiversity have been essentially unchallenged by scientists for just the last couple of decades.

The only thing standing in the way of rapid environmental progress is greed, and in the end, that may prove to be an unbeatable foe. Decarbonizing our grid and transportation sector will eventually destroy the fossil fuel industry, a group so powerful that it has a stranglehold, both on our lawmakers and on our corporate-owned media, that works so hard to misinform our citizenry.

Yes, Human Activity, in its Current State, Is Unsustainable

Renewable Energy

Will the U.S. Top Military Intervene Before Trump Inflicts Irreparable Damage

Published

2 days ago

September 24, 2026

Alice Rush

It’s still possible that our most senior military leaders will insert themselves in time to prevent some truly catastrophic event here in the United States/abroad.