investment tax credit (ITC)
While the Build Back Better Act was knocked off the front pages by the resurgence of COVID-19, the bill will likely reclaim attention this month.
The U.S. House passed the Build Back Better bill, the $1.75-trillion budget reconciliation package that is key to advancing President Biden’s climate agenda.
President Biden rolled out a new framework for a whittled-down budget reconciliation package that includes $555 billion in clean energy funding.
Developers still face challenges to finance offshore wind projects, but lenders are eager to get involved, speakers told the ACPA's OSW conference.
American Clean Power Association will absorb fellow trade group U.S. Energy Storage Association at the beginning of the new year, the groups announced.
Citing the coronavirus pandemic, the IRS extended the time that wind and solar developers have to complete their projects and qualify for tax credits.
Legislators see long-term, full-value tax credits as one tool among many that are needed to expand renewables at the requisite pace and scale.
The U.S. could save $35 billion by 2031 by immediately eliminating fossil fuel tax preferences, according to a line item in President Biden’s 2022 budget.
Speakers on an ARPA-E Innovation Summit panel agreed that the transition to renewable energy will require an interconnected nationwide grid.
The Biden administration’s climate goals and a new investment tax credit has U.S. offshore wind developers and prospective lenders bullish about the future.
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