ACORE Statement on House Attempt to Overturn Successful Clean Energy Tax Platform with Debt Limit Bill

Washington, D.C. – Today the U.S. House of Representatives approved the Limit, Save, Grow Act of 2023, a partisan bill that would repeal the vast majority of the clean energy tax platform enacted by the Inflation Reduction Act (IRA). Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“With passage of the Limit, Save, Grow Act of 2023, House Leadership is attempting to halt the nation’s accelerating momentum toward a clean energy future. The IRA tax incentives that would be repealed by this legislation have spurred American companies to announce dozens of new clean energy generation and manufacturing projects that are driving economic development, lowering energy costs, and creating good-paying jobs in red and blue states across the country. Backtracking on these popular programs would harm our economy, weaken American competitiveness in the booming global clean energy marketplace, and undermine our climate goals. We urge House Leadership to negotiate a clean debt limit increase, avoid the risk of a national default, and support the ongoing renewable energy transition that Americans want, and scientists say we desperately need.”

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About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Media Contacts:

Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.891.7868 (o) | 727.290.8804 (c)