Efficiency Now News Today

By Senate Majority Leader Chuck Schumer (D-N.Y.) on the floor yesterday. U.S. Senate Both ends of Pennsylvania Avenue are bracing for a bumpy ride as congressional Democrats put in motion the two-track process that they hope will deliver on President Biden’s ambitious infrastructure agenda. Addressing the Senate after the July 4 recess, Majority Leader Chuck Schumer reiterated plans to bring the $973 billion bipartisan infrastructure framework to the floor in the coming weeks. That framework...

The US energy storage industry is experiencing rapid growth, with approximately 3.5 gigawatt hours (GWh) of energy storage installed in 2020, which is greater than the aggregate 3.1 GWh...

On May 28, 2021, Treasury released the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, more commonly referred to as the Green Book. The issuance of the...

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Federal Clean Energy Tax Credits Federal tax credits for renewable energy have proven to be an effective near-term policy, delivering significant economic benefits across the United States, yet Congress has historically put these benefits in jeopardy by allowing the tax credits to lapse. New analysis by the Union of Concerned Scientists (UCS) of clean energy tax credit provisions in congressional bills demonstrates how a long-term extension of these tax credits would be good for both the econom...

Additional Policies Needed to Achieve Carbon-Free Electricity by 2035 Published Apr 29, 2021 As Congress considers legislation that would extend and expand tax credits for the development of low- and zero-carbon energy, a new analysis by the Union of Concerned Scientists (UCS) compares how the various incentives would help fight climate change by reducing carbon emissions from the U.S. power sector. “We found that federal tax credits are an effective tool and smart investment for b...

BLAINE, Minn. /Massachusetts Newswire – National News/ — The ‘Growing Renewable Energy and Efficiency Now’ (GREEN) Act aims to extend and boost tax incentives for energy efficiency and renewable energy. According to Alex Bagne, the President of ICS Tax, LLC, “If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous while furthering the green missions of thes...

To embed, copy and paste the code into your website or blog: As the 117th Congress works to enact legislation implementing President Biden’s “Build Back Better Recovery Plan,” extending and expanding current renewable energy tax incentives will be an integral part of the discussion. President Biden has supported use of tax credits to increase renewable energy generation which is crucial to meeting his goal of a decarbonized electric grid by 2035 and carbon neutrality by 2050. Because of t...

To embed, copy and paste the code into your website or blog: On February 5, 2021, House Democrats reintroduced the GREEN Act, seeking to both extend federal tax credits for renewable energy projects and expand those incentives to include new energy storage technology. The goal: climate change mitigation. The GREEN Act, which stands for Growing Renewable Energy and Efficiency Now, would achieve this by: extending the Investment Tax Credit (ITC) for solar energy at 30% through 2025 before phasing...

What Happened: $7,000 of tax credit may soon be given to hundreds of thousands more U.S. electric vehicle buyers with a potential overhaul of purchasing ...