HVAC Instructor - Okemos, Michigan - WB48OpCfCAs5Ey8sgXKcGWLY2dqksi latpro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latpro.com Daily Mail and Mail on Sunday newspapers.
“Stimulus” Bill Includes Green Giveaways
The pork bill that Congress passed on Monday has been criticized on many appropriate grounds, but I haven’t seen much comment on the fact that it betrays taxpayers and users of electricity (all of us) by perpetuating and expanding “green” energy mandates. The bill includes: A two-year extension of the investment tax credit (ITC) used by solar power generators (keeping the ITC at 26% through year-end 2022 instead of falling to 22% in calendar year 2021) A one-year extender for the production tax credit (PTC) used by wind developers, and a NEW 30% ITC for offshore wind projects that commence construction by the end of 2025.
Energy, Climate innovation are building blocks to economic future journal-news.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal-news.net Daily Mail and Mail on Sunday newspapers.
Significant Energy Legislation Poised to Become Law with COVID-19 Relief
USA
December 23 2020
The Consolidated Appropriations Act, 2021 (Act), which passed both chambers of Congress on December 21, 2020, for the purpose of funding the government in fiscal year (FY) 2021 and providing COVID-19 relief, also included the most comprehensive bipartisan energy and climate legislation of the past decade. If signed into law, the legislation authorizes over $35 billion for the development of various clean energy technologies, including wind, solar, energy storage, energy efficiency, carbon capture utilization and storage (CCUS), carbon removal, and nuclear energy, primarily through programs run through the U.S. Department of Energy (DOE), and authorizes additional monies to be allocated to emissions-reducing projects through the DOE’s Title XVII loan guarantee program. It also extends and in some cases expands a number of energy tax incentives that support investments in renewable and cl
Inside Clean Energy: Clean Energy Wins Big in Covid-19 Legislation
Wind energy on land and offshore, along with solar, get tax credits in the U.S. stimulus bill; Belgium to get energy storage for its grid from a Google backup battery.
December 24, 2020
Senate Majority Leader Mitch McConnell, Republican of Kentucky, walks to his office from the Senate Floor at the US Capitol in Washington, DC on Dec. 18, 2020. Credit: Saul Loeb/AFP via Getty Images
Related
Share this article
Clean energy industries got their biggest legislative win in a long time this week, thanks to provisions tucked into the $900 billion Covid-19 stimulus relief bill passed by Congress on Monday.