ACORE Statement on House Ways & Means Vote to Repeal Critical Clean Energy Credits

WASHINGTON, D.C. – Today, the House Committee on Ways and Means approved legislation that would repeal clean energy tax credits in the Inflation Reduction Act (IRA). Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“It is remarkable hypocrisy for House legislators to go after renewable credits as ‘special interest’ while ignoring the enormous tax perks the fossil fuel industry has enjoyed for more than a century. The irony here is that the provisions being targeted are enabling significant job creation, economic growth and new manufacturing in red states. Recent data shows that since the IRA was signed into law last August, companies have announced clean energy projects that will support over $62 billion in investment and nearly 55,000 new jobs in Republican-voting states. Unsurprisingly, this resonates with voters. Poll after poll finds renewable tax incentives have widespread, bipartisan support. ACORE urges Congress to reject these destructive rollbacks so the clean energy industry can continue to provide Americans with the good-paying jobs and affordable, clean power they want and deserve.”

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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)