The Senate reconciliation tax package now under development offers a renewed opportunity to meet clean energy development and deployment goals. 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.
Combined, these will have a major impact on the critical fight to combat climate change. In addition, manufacturing incentives will help the industry grow its domestic supply chain, adding to the industry’s 500,000-plus employee workforce. The clean energy industry is ready to put additional capital to work immediately to take advantage of this crucial package. ACORE’s factsheet “Senate Reconciliation Package: Key Clean Energy Incentives” provides details on this package.
Access the factsheet here