NewEnergyNews: New Tax Credits For New Energy /

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The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Wednesday, November 30, 2022

    New Tax Credits For New Energy

    Renewable Energy Incentives from the Inflation Reduction Act

    November 29, 2022 (Marcum Accountants and Advisors)

    “…[The Inflation Reduction Act (IRA) signed into law by President Biden on August 16, 2022, is] the most significant piece of legislation for the renewable energy and storage space in almost 20 years…[Its extends federal tax incentives of] up to $369 billion for new solar, wind, thermal, and energy storage devices over the next decade…[It extends and expands] the Investment Tax Credit (ITC) through December 31, 2025, for solar, wind, geothermal, biogas, combined heat and power (CHP) facilities, and microgrid projects that begin construction before December 31, 2025…

    …[It also] includes other technologies, such as carbon capture sequestration (CCS), clean hydrogen, nuclear power, and biofuel…[It] also extends the Production Tax Credit (PTC) for wind, biomass, geothermal, solar, landfill gas, and other projects…To claim the [full value of the] enhanced 30% ITC and 2.6 cents kilowatt (kWh) PTC, solar developers and their sub-contractors must [provide apprenticeships and] use union labor or prevailing wages …

    ...[Credits can be increased if projects use] domestically produced materials, such as steel and iron (100% U.S.-made), and the total materials for the project are at least 40% U.S.-made…[and if they located at a brownfield] or a [low-income] environmental justice area…[Project developers] can transfer ITC or PTC to a third party [and make arrangements for use of them with tax-exempt entities]…This provision creates a new marketplace for tax credits…[The passage of the IRA will help] create more clean, renewable energy for our country.” click here for more

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