WASHINGTON DC, October 26, 2021 – Congress is still working through the funding details for the Build Back Better agenda, but the American Clean Power Association has significant concerns about the impact of a book minimum tax on renewable energy deployment. Current tax incentives and industry innovation have supported a vast expansion of renewable energy in the United States, but significantly more investment is required to meet President Biden’s 2030 goals. We encourage Congress to continue the progress and pass a plan with a full complement of renewable tax incentives and direct pay. A tax proposal that undermines existing incentives with new asset depreciation requirements will increase credit costs and slow the clean energy deployment our country needs for the future.
Join American Clean Power
Take a seat at the table as we discuss the most important policy decisions facing our industry, exchange information and best practices with other leaders, receive exclusive policy briefings and invitations to attend industry events, and gain access to proprietary industry data and tools that can help grow your business.
Subscribe to American Clean Power and receive the latest renewable energy news, policy updates, and opportunities to get involved.