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

May 29, 2024

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

“Today’s announcement is another ‘win’ for American consumers seeking affordable, reliable, and clean electricity.

“The technology-neutral tax credit simplifies the tax code and is expected to lower 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.

“The tax credit increases American energy security and reliability by deploying new clean electric generation from wind, solar, battery storage, and other zero-carbon technologies. Analysis has shown that by 2035, clean energy capacity will increase by up to 50%.

“From this clean energy deployment, our environment will be substantially cleaner. By 2035, carbon emissions are expected to drop 43-73% below 2022 levels.

“This is truly a game-changing policy for all Americans. ACORE applauds the Treasury Department for releasing this guidance, and we look forward to the significant economic growth, job creation, and other benefits that will follow.”

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 renewable energy expansion. 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
Manager, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)

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

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

Renewable Energy

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

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7 hours ago

October 19, 2026

Alice Rush

Weather Guard Lightning Tech

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

Allen covers the Trump administration’s bid to reopen Revolution Wind’s permit, a bipartisan Senate permitting deal, Nordex’s doubled third-quarter profit, and GE Vernova’s new wind chief.

The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us!

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

Renewable Energy

Dictators

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23 hours ago

October 18, 2026

Alice Rush

Have you ever wondered why every dictator in human history follows the exact same playbook? Check this out.

Plato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.

Dictators

Renewable Energy

Making Billions by Harming Others

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October 17, 2026

Alice Rush

On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?

Here’s a rough tabulation:

Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%

Everything else combined: 20%

Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.

In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.

Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.