ACP welcomes US tax credit guidance
- Admin
- May 30, 2024
- 1 min read
The American Clean Power Association (ACP) has welcomed new guidance from the US government on technology-neutral clean electricity production and investment tax credit for sections 45Y and 48E of the Inflation Reduction Act. The proposed regulations would provide rules for determining greenhouse gas emissions rates resulting from the production of electricity, petitioning for provisional emissions rates, and determining eligibility for these credits in various circumstances. ACP chief advocacy officer JC Sandberg praised the proposed guidance for providing a stable transition for energy market participants towards a new emissions-based system for energy tax incentives. He emphasized the importance of technology-neutral market incentives in expanding America's domestic clean energy production and enhancing energy independence.
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