Industry leaders react to passage of the Senate-approved bill, warning it will pull the plug on domestic manufacturing, billions of dollars worth of investment, new jobs, lower energy costs and increasing clean energy capacity.
The power electronics manufacturer is now producing hardware for the U.S. solar industry in Florida, Texas and Utah.
Repealing energy incentives through the reconciliation bill could lead to hundreds of thousands of loss jobs, higher energy bills and hundreds of lost factory investments across the country, an analysis released by the Solar Energy Industries Association found.
Projects can maintain tax credit eligibility if 5% of total capital expenditure is incurred before legislative changes take effect.
The Solar Energy Industries Association provided analysis of the devastating impact the changes to energy tax credits will have on jobs, manufacturing and the ability to meet the country’s rapidly growing energy demand.
Proposed budget could deter development of renewable energy projects in the U.S., cause a downturn in domestic manufacturing, says a Wood Mackenzie analyst.
A recent webinar from the Clean Energy Group unpacks how nonprofits can take advantage of the Inflation Reduction Act’s Direct Pay Provision.
The House of Representatives is set to vote on a proposed budget that phases out some IRA tax credits supporting clean energy development.
The Investment Tax Credit and Production Tax Credit are cut years ahead of schedule and credit transferability is repealed under the proposal.
A letter signed by 12 Republican House of Representatives members voiced strong support for retaining the Biden-era Investment Tax Credit and Production Tax Credit.
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