Tag: build back better

US Senate Reconciliation Package: Factsheet by ACORE

The hope and expectation are that, similar to prior iterations of the Build Back Better Act, the package will include 10-year extensions of the renewable energy production and investment tax credits, coupled with new direct pay provisions
and incentives for key enabling technologies, like energy storage and high-voltage transmission. The clean energy industry is ready to put additional capital to work immediately to take advantage of this crucial package.

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Clean Energy Will Cut Costs for Families Across the US

Fossil fuel dependence leaves the United States and its economy vulnerable in many ways. Global energy supplies are subject to the dangerous whims of foreign dictators. Breaking free from fossil fuel dependence will require the big, bold investments in the clean energy economy that are a major priority in President Joe Biden’s economic agenda. It will also lower costs for American families across the board—making for a cleaner, more reliable and more affordable future.

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Making buildings better in the US

Electrification can decarbonize the building sector when combined with energy efficiency, putting the United States on the path to a stable climate future while removing fossil fuel appliances that harm human health from our buildings. The House version of the Build Back Better Act includes $12.5 billion for building electrification and energy efficiency incentives to decarbonize the building sector, improve public health, and reduce consumer bills.

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EV Incentives in the US Build Back Better Act

According to Energy Innovation modeling, EV incentives in the Build Back Better Act (BBB) would have a critical impact on climate and air pollution by inducing rapid market transformation, which will also benefit those most impacted by transportation pollution. Strong incentives would reduce purchase costs for consumers, while meeting President Biden’s goal of reducing 2030 passenger vehicle emissions 60 percent from 2020 levels.

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