With a Republican Congress gearing up to reduce federal spending, workers rallied at Maine’s State House to call on Congress to preserve federal tax credits that have led to well-paying jobs and lowered energy costs due to the renewable energy buildout.
BlueGreen Alliance lays out roadmap for increasing private investment in manufacturing, which has grown 71% since passage of Inflation Reduction Act of 2022.
A report from E2 said concerns over the future of federal clean energy tax credits and other policy changes have led to billions in cancelled projects.
Four Republican senators pen letter of opposition to full-scale repeal of energy tax credits contained within the Inflation Reduction Act to incentivize renewable energy manufacturing, development and use.
Tariffs of 10% are applied to most products from most countries, but energy and energy products, steel, and aluminum are exempt, as tariffs have already been applied.
Many of the largest clean energy developers and investors in the U.S. would likely increase their activity in the U.S. clean energy sector as long as no changes were made to energy tax credits, according to study by American Council on Renewable Energy.
“A wide array of resources is needed” to meet growing electricity demand, including hundreds of gigawatts of solar and wind capacity that can be deployed quickly but would be reduced by half without tax credits, says a report prepared for ConservAmerica.
Tax credit transfer platform Reunion shares buyer habits and trends for 2025.
Industry experts at Intersolar and Energy Storage North America explained that cooperation between companies, favorable policy and smart site selection are key to expanding domestic battery production.
A letter signed by 21 House members urged Congress to retain long-term clean energy tax credits set forth in the Inflation Reduction Act.
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