Officials Issue Warning as Potential US Law Change Could Have Devastating Economic Impact: 'Life-Changing'

Officials issue warning as potential US law change could have devastating economic impact: 'Life-changing'

The Trump administration has been clear about its intentions to cut clean energy incentives, but it would be a massive blow to Republican districts that have benefited from the Inflation Reduction Act, which has supercharged clean energy investments and allowed economic growth in these areas. The IRA, passed in 2022, included an investment of nearly $370 billion into clean energy incentives, including tax credits on new EV purchases, rebates for…

4 things companies can tell the Senate to save America’s clean energy and advanced manufacturing boom

The opinions expressed here by Trellis expert contributors are their own, not those of Trellis.​ It's crunch time for federal clean energy policy - and the consequences for the American economy are enormous. Last month, the U.S. House of Representatives passed a budget reconciliation bill that would all but eliminate the federal clean energy tax credits that were extended and expanded by Congress in 2022. That legislation - and the long-term cer…

The §45X Advanced Manufacturing Production Tax Credit: Why Timely Filing Is Critical - ICS Tax, LLC

The §45X Advanced Manufacturing Production Credit offers one of the most powerful federal incentives available to domestic manufacturers of clean energy components. Although not new, being introduced as part of the Inflation Reduction Act of 2022, many companies are still unaware of how much value is at stake. Further, many manufacturers do not realize how urgent it is to act, as the §45X Credit can only be claimed on a timely filed original ret…

US Senate Should Ease Provisions For Clean-Energy Tax Credits, Republican Senator Says - Energy News, Top Headlines, Commentaries, Features & Events

WASHINGTON, June 10 (Reuters) – The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of Utah said on Tuesday. Curtis, one of a handful of Senate Republicans who have said they want to preserve some of the clean-energy ...