Tax policy has long been a significant driver of U.S. renewable energy expansion. ACORE worked closely with sector allies to enact a long-term, full-value clean energy tax platform in the Inflation Reduction Act (IRA). ACORE continues to engage with the Department of Treasury, Department of Energy, Department of Labor, and the administration to defend the IRA and secure workable and effective guidance on the implementation of its credits, including energy communities, domestic content, transferability and direct pay, and others. ACORE continues to work toward establishing a stand-alone tax credit for high-voltage transmission lines, a key policy that would provide needed business certainty for developers.
ACORE supports robust funding for high-capacity transmission deployment and research through the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, Advanced Research Projects Agency – Energy, the Office of Electricity, the Grid Deployment Office, and research at the national laboratory complex. Additional agency programs that work to ensure full deployment of the clean energy tax incentives in the IRA are advanced through ACORE’s advocacy.
American Renewable Investment Campaign
The American Renewable Investment Campaign advances strategic policy initiatives and market signals to triple the amount of private capital available for financing clean energy generation projects.