US Treasury announces new solar tax credit guidance

The US Treasury Department has just issued new rules regarding tax credits for solar power installations in the US. Not everyone is happy.

Unless you have been living under a rock lately, you are probably aware that a titanic struggle is taking place in the US over solar power. On the one hand, the federal government wants to speed up the installation of solar power plants to help lower carbon emissions from thermal generating plants. To accomplish that goal, there are many incentives included in recent federal legislation, like the Inflation Reduction Act, that are worth billions of dollars.

On the other hand, the government wants to encourage domestic production and protect American manufacturers from overseas competitors who may be using forced labor and government subsidies to make solar cells and panels that they sell for less than the cost of manufacturing. It’s a delicate dance, one that is fraught with geopolitical implications.

Click here to read the full article
Source: Clean Technica

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *