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Tax Incentives & Appropriations -
Press Releases
Treasury, IRS Release Final Regulations for the Advanced Manufacturing Tax Credit
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final regulations today on the Section 45X Advanced Manufacturing Production Tax Credit for solar, wind, and qualifying battery components, inverters, and applicable critical minerals. Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the final rule:
“Thanks to smart industrial policies, like the Advanced Manufacturing Tax Credit, America is in the middle of a true clean energy manufacturing renaissance. Over $75 billion has been invested in clean energy manufacturing in the last two years in projects that are now fully operational, including 42 American factories that employ 20,000 U.S. workers. This clean energy manufacturing renaissance will ultimately support more than 100,000 new manufacturing jobs nationwide.
“ACORE deeply appreciates the work the Treasury Department and the IRS did to finalize the Section 45X credit. The final rule issued today retains the applicability of direct pay and transferability, and provides needed flexibility for a broad range of U.S. businesses to fully leverage the benefits and create American jobs.
“While we continue to analyze the market impacts of the final rule, we look forward to our continued partnership with the agencies on regulations that further accelerate America’s clean energy transition. With constructive regulations and balanced trade policies, the U.S. can rise to a place of global leadership in clean energy manufacturing that will create more good-paying jobs, lower costs for businesses, secure our grid, and maximize American competitiveness.”
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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
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)
The post Treasury, IRS Release Final Regulations for the Advanced Manufacturing Tax Credit appeared first on ACORE.
https://acore.org/news/treasury-irs-release-final-regulations-for-the-advanced-manufacturing-tax-credit/
Is our civilization’s dependence on oil “not going to change?”
Obviously, Big Oil wants to keep the status quo in place, regardless of the environmental damage it’s doing to every living creature on this planet. And the Trump administration is doing everything in its power to make sure this assault against all life forms endures in perpetuity.
But this won’t work. It may be true that the United States is rapidly transforming itself into a dictatorship like Russia, China, North Korea, and the other 50+ sovereign nations on this planet. But the rest of the developed world is working hard to decarbonize its energy and transportation sectors so as to prevent environmental collapse.
Hillsdale “College” writes:Do you suppose, for a minute, that I want some ultra-right-wing “college” to tell me how I should regard the Constitution? What a sick joke.
I don’t want to hear from the John Birch Society, nor the Heartland Institute, nor the KKK, to lecture me on the meaning of the Constitution.
White Nationalists Want to Tell You What the Constitution Means
Jim Meskimen, the fellow quoted at left, is among the brightest and most talented people I’ve ever met, but I take issue with what he says here.
When one’s native country has become beset by a criminal sociopath in the position of leadership, responsible, high-integrity people become politically active, and do anything in their power to remove this cancer before it destroys us.
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Greenhouse Gases9 months ago
Guest post: Why China is still building new coal – and when it might stop
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Climate Change9 months ago
Guest post: Why China is still building new coal – and when it might stop
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Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
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Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
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Renewable Energy6 months agoSending Progressive Philanthropist George Soros to Prison?
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Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits