ACORE's Report on Tax Stability for Energy Dominance in the U.S.
Key Ideas
- President Trump's goal of U.S. energy dominance and reduced electricity prices is backed by the ACORE report, emphasizing the importance of American leadership and innovation across various energy sources.
- Bipartisan energy tax credits have been crucial for clean energy deployment and investment, with the report highlighting the need for maintaining certainty around these credits for continued benefits.
- Survey results in the report show strong investor interest in clean energy, but uncertainty in tax credits could lead to a significant decrease in investment, underlining the importance of policy stability.
- ACORE's policy recommendations in the report aim to reduce energy costs, support energy demand, encourage investment in manufacturing and energy projects, and enhance national security through measures like maintaining key clean energy tax credits.
The American Council on Renewable Energy (ACORE) released a report titled 'Tax Stability for Energy Dominance,' aligning with President Trump's vision for the U.S. to achieve energy dominance and lower electricity prices. The report emphasizes the critical role of American leadership and innovation in various energy sources, including wind, solar, geothermal, hydropower, energy storage, hydrogen, advanced nuclear, and more to strengthen U.S. energy dominance globally. It highlights the positive impact of bipartisan federal energy tax credits in creating a stable market environment for clean energy deployment and investment, stressing the need to maintain certainty around these credits for continued benefits such as job creation, economic growth, affordable power prices, grid reliability, and global competitiveness.
ACORE's survey results featured in the report reveal a strong interest in clean energy investment, but uncertainty in tax credit policies could lead to a drastic reduction in investment, potentially causing the loss of billions of dollars in private sector funding. The report underscores the necessity of policy stability and provides recommendations to achieve universal energy goals, including maintaining key clean energy tax credits, preserving transferability provisions, and offering multi-year policy certainty for generation and manufacturing projects. ACORE's report serves as a vital resource for policymakers and industry stakeholders to support a sustainable and secure energy future for the United States.
Topics
Utilities
Renewable Energy
Energy Security
Energy Market
Economic Benefits
Energy Policy
Policy Recommendations
Clean Energy Sector
Investment Plans
Latest News