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The U.S. Department of the Treasury today released new guidance for Section 45X of the U.S. Federal Tax Code, an uncapped production tax credit meant to grow domestic manufacturing for solar, wind, batteries, and critical materials such as aluminum.
Recently, the U.S. Senate passed a Congressional Review Act (CRA) measure sponsored by Sen. Marco Rubio (R-FL), which would overturn a recently finalized U.S. Federal Highway Administration (FHWA) waiver of Buy America policies for electric vehicle (EV) chargers. To unpack why this CRA is so threatening to U.S. manufacturing, BlueGreen Alliance Senior Policy Advisor Reem Rayef breaks down what Buy America policies do, why they are important, and how waivers can be strategically used to maximize the impact of such policies.
Read Companies Succeed, Communities Benefit: Bluegreen Alliance User Guide for Companies to Demonstrate Community Benefits in Federal Funding Applications.
The New York State Energy Research and Development Authority’s (NYSERDA) efforts to invest in domestic supply chain capacity for offshore wind are critical. We offer comments with respect to the significance of these public expenditures to advance private economic activity, as well as the need to contain costs and maximize return on investment. The long-term benefit of developing this industry in a way that creates high-road, family-supporting jobs in New York, and that creates real pathways into these jobs for historically disadvantaged communities, cannot be overestimated.
Ørsted, a Denmark-based leader in the offshore wind industry, announced Tuesday that it has backed out of two projects planned off the coast of New Jersey. The projects, Ocean Wind 1 and 2, would have been the first such projects in New Jersey.
The Inflation Reduction Act expanded the availability of clean energy tax credits so that tax-exempt entities like public and non-profit hospitals can receive “direct pay” (also known as “elective pay”). In simple terms, direct pay allows such entities to recoup a significant portion of a clean energy project’s cost as a tax-free cash payment from the U.S. Internal Revenue Service (IRS).
Building healthier schools is within reach. Up to half the cost of a clean energy project at your school could be refunded to the district under the federal Inflation Reduction Act. Tax-exempt entities such as public schools can receive “direct pay” (also known as “elective pay”). In simple terms, direct pay lets school districts recoup a significant portion of a clean energy project’s cost as a cash payment from the U.S. Internal Revenue Service (IRS).
The BlueGreen Alliance recently submitted comments to the U.S. Department of the Treasury in response to a proposed rule related to prevailing wage and registered apprenticeship standards associated with the clean energy tax credits passed in the historic Inflation Reduction Act.
The environmental and labor partners of the BlueGreen Alliance understand that we don’t have to choose between good jobs and a clean environment. We can and must have both. It’s a false choice when companies claim they can’t pay workers family-supporting wages and at the same time manufacture EVs at a scale and pace to mee the climate moment. Yes they can.
Today the BlueGreen Alliance hosted a webinar called “Game Changer: The Inflation Reduction Act and Clean Manufacturing.” Government officials, union representatives, environmental experts, industry representatives, and others across the U.S. heard leading climate and labor experts discuss the Inflation Reduction Act and its promise to revitalize industrial manufacturing.
Our Appalachian Regional Organizer, Dan Taylor, and our Senior Policy Advisor, Brennen Cain, penned a blog for Reimagine Appalachia on how the clean energy tax credits included in the Inflation Reduction Act are setting the stage for a unionized clean economy.
New analysis by the Political Economy Research Institute at the University of Massachusetts-Amherst commissioned by the BlueGreen Alliance and National Skills Coalition estimates that the combined investments in the Bipartisan Infrastructure Law (BIL), Inflation Reduction Act, and CHIPS and Science Act (CHIPS) will support nearly 3 million jobs per year over the life span of the laws.