ACP Statement on Proposed Technology-Neutral Clean Electricity Production and Investment Tax Credit Guidance

WASHINGTON DC, May 29, 2024 — The American Clean Power Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S. Treasury released proposed guidance on the technology-neutral clean electricity production and investment tax credit for sections 45Y and 48E of the Inflation Reduction Act (IRA):

“We commend today’s proposed technology-neutral guidance that will help provide a stable, workable transition for energy market participants to the new emissions-based system for energy tax incentives. This continues the Administration’s thoughtful, growth-oriented approach to supporting America’s clean energy industry as we work to deliver reliable, low-cost, renewable energy to homes and businesses nationwide.

“The technology-neutral market incentives are essential to expanding America’s domestic clean energy production and strengthening our energy independence.”