Lawmakers Should Keep “Transferability” of IRA Credits Intact

Lawmakers Should Keep “Transferability” of IRA Credits Intact

Reports suggest the Republicans will consider scaling back Inflation Reduction Act’s (IRA’s) green energy tax credits as part of the reconciliation package. One IRA provision they may have set their sights on is called “transferability.” Under this provision, businesses without tax liability that make credit-eligible investments can sell their tax credits to businesses that can fully utilize the tax benefits. Repealing this policy would be a mis…

POLITICO Pro: A dozen Republicans make 11th hour push to protect IRA energy credits

Their effort comes as the Ways and Means Committee haggles over the fate over the Inflation Reduction Act subsidies.

Tax credits for green hydrogen could support industrial transition to clean energy - Hydrogen Central

Tax credits for green hydrogen could support industrial transition to clean energy A new study from two researchers at the UNC-Chapel Hill Gillings School of Global Public Health offers hope for a cleaner, healthier future. The study paper, published in Renewable and Sustainable Energy Reviews, shows that green hydrogen, a clean fuel made from water, could soon compete with dirtier versions of hydrogen thanks to United States tax credits — but o…

Maine Union Workers Show Support For Energy Tax Credits At State House

Near the end of April, clean energy employees and union workers gathered at Maine’s state house in Augusta to advocate for preserving energy tax credits, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC). Both amount to about 30% of a project’s cost, but the former rewards capital investments in infrastructure projects, while the latter depends on the amount of energy produced by the facility. The Maine Labor Climate Coun…

New support — and opposition — gets vocal on clean energy tax credits

On May 1, these 26 House Republicans signed a new letter supporting clean energy tax credits that have particularly benefitted America’s nuclear power capacity. New support — and opposition — gets vocal on clean energy tax credits By Flannery Winchester As House committees begin to finalize and vote on their portions of the budget package, more and more lawmakers are speaking up on the fate of the clean energy tax credits. Some are now speaking …