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

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.”

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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 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/

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Renewable Energy

Is It Healthy for Our Country to Allow Billionaires to Own Congress?

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What we have here in the United States, in terms of money in politics, is a full-on disease.   Tax cuts for billionaires, corruption and the uber-rich’s ownership of our lawmaking processes, the destruction of our educational system, institutionalized racism, the rejection of science, limited access to healthcare, and devastation of the natural environment are all heading this nation to a horrible end.

Is there hope?  Many young and energetic people believe there is.

Is It Healthy for Our Country to Allow Billionaires to Own Congress?

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Renewable Energy

Real Estate: Supply and Demand

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About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.

My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country?  Do you think that would forward your career and your overall life satisfaction?”  She had a point, to be sure.

Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations.  Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.

People don’t come here for the wide-open freeways.  We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.

There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.

Real Estate: Supply and Demand

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Renewable Energy

When You’re Addressing Idiots You Can Get Away with a Lot

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At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini.  What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+  authoritarian regimes around the world?

Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.

It’s a great moment of opportunity for Fetterman.

When You’re Addressing Idiots You Can Get Away with a Lot

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