Treasury Department, IRS Release Initial Guidance on Technology-Neutral Tax Credits
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.”
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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 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/
My advice to David:
I doubt this misleading crap is going to work in Dallas County, where voters are relatively well educated and sophisticated.
You’ll need to some place full of real bumpkins, which, in Texas, shouldn’t be too great a challenge.
Some may find the claim at left compelling.
But consider Japan, China, the Czech Republic, Denmark, Norway, Sweden, and Finland that are almost completely atheist. The other nations in Western Europe have also steadily moved away from religion.
Have they “lost their countries,” or is this a present-day scare tactic directed by fear-mongers, just as it has been since the Dark Ages?
Renewable Energy
Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?
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?
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