Treasury Department, IRS Release Final Guidance on Technology-Neutral Tax Credits

January 7, 2025

WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final guidance today on the technology-neutral tax credits, the Clean Electricity Production Credit (Section 45Y) and the Clean Electricity Investment Credit (Section 48E). Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the final rules:

“ACORE applauds the Treasury Department and the IRS for releasing a final rule that modernizes the federal tax code. At long last, we have a well-designed, technology-neutral, level playing field for energy tax policy that will lead to significant economic growth, job creation, and lower costs for American consumers.

“The technology-neutral tax credit simplifies the tax code and is expected to cut the average annual electric bill by $29-74 per household in the next six years and $42-95 by 2035. This amounts to tens of billions of dollars in electricity cost savings for U.S. families. Research also shows how technology-neutral tax credits will spur an additional $336 billion in investment, 237 gigawatts of clean energy deployment, and a net gain of 97,000 jobs over the next 15 years in comparison to a scenario where these tax credits are not present.

“This is truly a game-changing policy, and we’re looking forward to the affordable, reliable, clean electricity that it will help enable.”

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 www.acore.org.

Media Contact:
Dylan Helms
Manager, Communications
communications@acore.org

The post Treasury Department, IRS Release Final Guidance on Technology-Neutral Tax Credits appeared first on ACORE.

https://acore.org/news/treasury-department-irs-release-final-guidance-on-technology-neutral-tax-credits/

Renewable Energy

Countries Without God

Published

9 hours ago

April 29, 2026

Alice Rush

A couple of months ago, I happened to ask a friend who had emigrated from Sweden if she was religious. “No!” she exclaimed. “Almost no one in Sweden is religious.”

As we see at left, there seems to be a huge correlation between atheism and the national level of happiness. But what causes that?

Are believers unhappy people for some reason? That doesn’t make sense.

Here’s my two-fold theory. Atheists believe:

a) That we only live once, so we try to enjoy it while we can.

And, more importantly,

b) That we need to take care of one another (since there is no God). We’re willing to make sacrifices if that means things like great education, universal healthcare, environmental responsibility, tolerable working conditions, and near-zero poverty.

Countries Without God

Renewable Energy

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

Published

11 hours ago

April 28, 2026

Alice Rush

From this article in The Independent:

The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.

Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.

Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.

Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.

He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

Renewable Energy

Understanding Pete Hegseth

Published

1 day ago

April 28, 2026

Alice Rush

What is said here about Pete Hegseth is clearly true.

But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.