December 19, 2024

Inflation Reduction Act (IRA)

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Treasury Dept. Finalizes IRA Low-income Tax Credit Adder
Treasury Department issues final guidance for lower-income community bonus on IRA tax credits for clean energy projects.
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What are National Interest Electric Transmission Corridors and Why Do We Need Them?
A primer on DOE's proposal for creating National Interest Electric Transmission Corridors.
Department of Energy Draft Needs Study
States, RTOs Caution DOE on Transmission Corridors
States, RTOs and others warned DOE not to let transmission developers dominate the development of National Interest Electric Transmission Corridors.
American Clean Power
American Clean Power Tallies Potential Impact of IRA at $270B
American Clean Power reports investment in the U.S. clean energy sector in the past year exceeds the preceding eight years combined.
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DOE Opens Applications for $8.5B in IRA Home Efficiency Funds
DOE treads carefully on hot-button issue of home electrification, saying rebate programs do not ban or restrict use of other technologies.
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Plan for GOP President: Cut Climate Programs, ‘Re-examine’ RTOs
If ex-FERC Commissioner Bernard McNamee has his way, the next president will eliminate the federal government’s climate programs and have FERC “reexamine” RTOs.  

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Hydrogen Tax Credit Design is Key to Decarbonization
The Treasury Department is working to implement the 45v tax credit, which is the largest incentive passed under the Inflation Reduction Act and is meant to incentivize clean hydrogen production.
Wood Mackenzie/EIA
WoodMac: New Solar Hits 54% of New Generation in US in Q1
Recent reports from industry analyst Wood Mackenzie show new solar soaring but energy storage slumping.
Rhodium Group
IRA Gets US Emissions Close to Pledged Levels, Report Finds
The IRA is pushing carbon cuts like no other enacted policy in the U.S.,  but more needs to be done to meet the international pledges from the Paris Agreement, Rhodium Group said in a report.
Gage Skidmore, CC-BY-SA-2.0, via Wikipedia Commons
DeSantis Rejects $346 Million in IRA Energy Efficiency Funds
Florida Gov. Ron DeSantis recently rejected a growing list of federal and state clean energy initiatives.

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