ACORE Statement on the Treasury Department’s Domestic Content Guidance

WASHINGTON, D.C. – The U.S. Treasury Department released preliminary guidance today on the Inflation Reduction Act (IRA)’s domestic content requirements. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“Having clear rules of the road is imperative for businesses seeking to invest in America’s clean energy future, and the domestic content guidance that was just released from the Treasury Department provides helpful clarity. We are encouraged by Treasury’s solutions to meet the manufactured product test, which are consistent with recommendations from ACORE and others, and we look forward to projects moving forward under this guidance immediately. ACORE will continue to work with the Treasury Department as the proposal is finalized, and we eagerly await the release of the remaining implementation guidance on other important provisions for the renewable sector, including transferability, direct pay, and the clean hydrogen production tax credit.”


ACORE submitted both individual and joint comments to the U.S. Treasury Department seeking clear guidance on a range of important issues, including domestic content. ACORE staff has also participated in stakeholder roundtables with the Biden administration on the implementation of the IRA.


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

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy | 202.777.7584 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy | 202.891.7868 (o) | 727.290.8804 (c)