Efficiency Now Act News Today

The Nov. 3 BBB draft did make various changes throughout, and the overall cost of the proposals increased by nearly $52 billion over 2022-31.

As the renewable energy sector has grown in recent years, thanks in part to federal income tax credits, researchers and policymakers have begun to focus on the role of energy storage.

WI farm, renewable energy groups hope for federal biogas tax credit Hope Kirwan With new federal interest in clean energy initiatives, Wisconsin farm and renewable energy advocates hope now will be the time to create tax incentives for biogas technology. U.S. Rep. Ron Kind, D-La Crosse, recently reintroduced his bill that would allow biodigesters to qualify for the same 30 percent energy tax credit provided for solar, geothermal and some wind energy projects. Biodigesters break down organic wa...

A bipartisan drive to expand tax incentives for carbon capture technology has gained traction on Capitol Hill as Democrats hunt for ways to build consensus support for legislation to advance components of President Joe Biden's recovery plan.

To embed, copy and paste the code into your website or blog: As compared to the GREEN Act and other recent proposals, the Clean Energy for America Act would create a more fundamental shift in energy tax credits. TAKEAWAYS Policymakers will need to weigh the benefits of far-reaching changes against the inevitable short-term market disruptions from reformulating applicable tax incentives. On April 21, 2021, Senator Ron Wyden (D-OR) introduced the Clean Energy for America Act (CEAA), a bill that w...

Far-reaching proposal would replace existing energy and fuel tax credits with technology-neutral incentives. TAKEAWAYS Legislation would increase available incentives and expand availability to all types of power generation facilities with zero or net-negative carbon emissions. Tax credits would expire when emission goals are achieved as opposed to specific end dates. Contains significant incentives for clean transportation and energy efficiency. On April 21, 2021, Senator Ron Wyden (D-OR) intr...

To embed, copy and paste the code into your website or blog: Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy in the United States. These proposals come on the heels of the Biden administration’s American Jobs Plan and Made in America Tax Plan. Legislative proposals related to energy continue to be released at a rapid ...

To embed, copy and paste the code into your website or blog: Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy in the United States. These proposals come on the heels of the Biden administration’s American Jobs Plan and Made in America Tax Plan. Legislative proposals related to energy continue to be released at a rapid ...

Key Takeaways: In an effort to spur investment in renewable energy projects, Congress and the Biden Administration are considering “direct pay” options Direct pay would allow project developers to receive tax refunds regardless of their tax liability and corresponding capacity to utilize tax credits Whether direct pay is an appropriate option in the current economic climate depends on many factors, including the prospect of increased corporate tax rates and an economy set to rebound from CO...

Tesla's enigmatic founder hit the trifecta.