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For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to renewable energy expansion.

Media Contacts:
Alex Hobson
Senior Vice President, Communications
hobson@acore.org

Dylan Helms
Associate, Communications
helms@acore.org

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Treasury Department, IRS Release Final Transferability Rules

The final rules issued by Treasury today will open the door to tens of billions of dollars in additional annual clean energy investments.

Exterior of US Treasury building with columns and text reading "The Treasury Department"

ACORE Statement on Treasury Department’s Updated Energy Communities Guidance

The U.S. Treasury Department and the Internal Revenue Service (IRS) released additional guidance on Friday on the energy communities bonus credit program.

Treasury Department, IRS Release Final Rules on Direct Pay Provisions

Final rules on direct pay provisions were announced, and ACORE commends Treasury and the IRS for swiftly promulgating final rules on this vital tool.

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ACORE Statement on Biden Administration’s Proposal for Guidance on Clean Hydrogen Production Tax Credit

We are concerned with the lack of flexibility in the proposed rule in the Administration’s proposal on 45V guidance for the clean hydrogen PTC.

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More than 100 Lawmakers Urge Banking Regulators to Revise Basel III Tax Equity Provisions to Not Imperil Clean Energy Transition

Tax equity is a predominant source of financing in the U.S. renewable energy market, and it is critical that federal agencies clarify its risk weight.

ACORE Statement on the Treasury Department’s Proposed Regulations on the Advanced Manufacturing Tax Credit

Projections show the Section 45X manufacturing tax credit will help spur billions of dollars in new economic activity over its life.

ACORE Statement on the Treasury Department’s Section 48 ITC Guidance

Tax Incentives & Appropriations
Press Releases

The U.S. Treasury Department has released preliminary guidance on the Section 48 Investment Tax Credit, which was expanded under the Inflation Reduction Act (IRA) to include new credits for fast-growing technologies such as offshore wind, battery storage, and microgrid controllers.

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How America’s grid modernization stakes echo Eisenhower’s interstate revolution

Like our interstate system, enacting sound policies that deliver a 21st century grid and spur interregional transmission development will drive tremendous economic benefits, increase resilience and national security operations, and maximize the ability to deliver affordable and reliable energy when we need it most. Given the nation’s aging grid infrastructure and our growing need for energy, there is no time to waste.

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ACORE Reflects on the One-Year Anniversary of the IRA

On August 16, 2022, President Biden signed the largest climate bill in American history – the Inflation Reduction Act (IRA) – into law, a landmark investment of $369 billion in climate and clean energy programs.

A year on, the IRA has made America the green envy of the world – but there’s more to do

The landmark bill has transformed sentiment among investors and developers to U.S. renewable energy but also laid bare challenges yet to be met, writes Gregory Wetstone.

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