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July 3, 2024

investment tax credit (ITC)

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American Clean Power, Energy Storage Association Merge
American Clean Power Association will absorb fellow trade group U.S. Energy Storage Association at the beginning of the new year, the groups announced.
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IRS Extends ITC, PTC Safe Harbor
Citing the coronavirus pandemic, the IRS extended the time that wind and solar developers have to complete their projects and qualify for tax credits.
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Bills Dangle Generous Tax Credits for Renewables
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.
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Clean Energy Wins, Fossil Fuels Lose in Biden Budget
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.
Panelists Point to Macrogrid as Key to Decarbonization
Speakers on an ARPA-E Innovation Summit panel agreed that the transition to renewable energy will require an interconnected nationwide grid.
Lenders, Developers Bullish on East Coast OSW
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.
FERC and NEPA Reform Sought to Speed Tx Expansion
At a hearing before the House Select Committee on the Climate Crisis, speakers discussed modernizing the grid & the steps necessary to decarbonize the U.S.
Transmission ITC Could Add 20 GW of New Capacity to Grid
The energy industry needs a federal investment tax credit specifically for transmission, according to a report by the American Council on Renewable Energy.
Energy Storage Hopes for ‘Christmas Present’ from Congress
Renewable and storage organization leaders at the Energy Storage Association’s annual conference were upbeat about Biden’s pledge to reduce emissions.
Biden Infrastructure Plan Would Boost Clean Energy
Biden’s infrastructure plan includes a 10-year extension of the ITC for solar and storage, a new Grid Deployment Authority at DOE.

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