Latest News for: Clean energy tax

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NY State: How unelected local officials dole out wind and solar tax breaks

Cleburne Times-Review 02 Dec 2023
... for IDAs, produced its own study touting the economic activity induced by local tax subsidies and noting that IDAs are helping “support the state’s clean energy goals” by approving 233 wind and solar PILOTs since 2018, generating enough energy to power almost two million homes.
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Rules Would Bar EV Tax Credits if Batteries, Minerals Linked to China

Beijing News 02 Dec 2023
The restrictions dictate which clean energy vehicles will qualify for a ... If a clean energy battery went through an assembly line owned by any "foreign entity of concern," the car it will go into would be immediately disqualified from earning its owner any tax breaks from the U.S.
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Your turn: Jobs and an electrified future are coming to northern Illinois

Rockford Register Star 02 Dec 2023
Fortunately, the passage of the IRA in August 2022 changed the game; the law’s historic $369 billion in clean energy tax credits and incentives, included a $7,500 electric vehicle (EV) tax credit for consumers and generous incentives for domestic manufacturing for batteries and EVs ... Jack Conness is a policy analyst at Energy Innovation.
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GM believes it will start making money on electric vehicles in 2025 as higher margin ...

Billings Gazette 02 Dec 2023
Specifically, the company has had trouble with machinery that stacks battery cells into modules at its assembly plants after the cells are produced at a battery plant near Warren, Ohio, a joint venture with LG Energy Solution of Korea. People are also reading… ... But the new figure includes benefits from U.S. government clean energy tax credits ... .
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Wind developer to start erecting turbines in western Washington County

Bangor Daily News 01 Dec 2023
of Old Town., according to Apex Clean Energy ... Apex Clean Energy said the project will generate $20 million in tax revenue for the town of Columbia and for Washington County through tax-increment financing and community benefit programs, and an additional $30 million over 30 years in direct lease payments by the company to local landowners.
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Justin Trudeau says climate deniers are

The Daily Mail 01 Dec 2023
The carbon tax, a standard price per metric ton of CO2-equivalent emissions generated, is intended to discourage use of fossil fuels and accelerate a switch to clean energy. The tax is currently set at $65 CAD per metric ton, but is set to increase over time to encourage the switch to alternative to fossil fuels.
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Consumer Reports: Electric vehicles less reliable, on average, than conventional cars and trucks

Independent Record 01 Dec 2023
These findings coincide with the ambitious plans of the Biden administration, which aims to supercharge EV sales and steer the nation toward cleaner energy ... On the flip side, almost half of Americans (49%) think Uncle Sam should lend a hand by providing tax credits, cash rebates, or other financial incentives for clean energy purchases.
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Common Council approves Mohawk Ramp, Main Street Lofts sales

The Buffalo News 01 Dec 2023
The project was previously approved as a "planned-unit development," and will be funded with low-income housing tax credits and bond financing, state brownfield cleanup tax credits, a new construction program loan, a clean energy initiative loan, bank financing, other state funding and developer equity.
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SB ENERGY SECURES $2.4 BILLION FOR RENEWABLE ENERGY PROJECTS, CREATING BLUEPRINT FOR PROJECT FINANCINGS AROUND ...

Longview News-Journal 30 Nov 2023
clean energy industry through expansion of tax credits and new approaches to tax equity, including transferability, that SB Energy continues to explore ... SB Energy commends our tax equity partners for their industry leadership in clean energy deployment and supporting American workers.".
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Yellen tours North Carolina lithium plant to bolster Biden's case on US economy

Reuters 30 Nov 2023
Treasury Secretary Janet Yellen travels to North Carolina on Thursday to tout hundreds of billions of dollars worth of new clean energy investments enabled by U.S ... These include $142 billion in EVs and batteries and $71 billion in clean energy manufacturing, and she attributed much of the investment to tax credits in the inflation reduction act.
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President Biden applauds Pueblo CS Wind employees, who are 'changing America'

Colorado Politics 30 Nov 2023
The president spoke for more than half an hour on a variety of topics, including the Inflation Reduction Act, clean energy and job creation ... Biden mentioned that the Inflation Reduction Act, which he signed into law in August of 2022, created tax incentives for companies to invest in clean energy production.
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President Biden Visits Wind Tower Factory in Pueblo

Pagosa Daily Post 30 Nov 2023
The president’s stop in Pueblo, a blue-collar town and political battleground on Colorado’s southern Front Range, comes ahead of a pivotal election year during which the Democrat will look to sell voters on the IRA and its $369 billion in clean energy spending and tax credits as he bids for a second term.
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Coal-producing West Virginia is converting an entire school system to solar power

Wtop 30 Nov 2023
President Joe Biden’s 2022 landmark climate, health and tax law, which placed special emphasis on creating new clean energy jobs ... Through changes to tax code, the bipartisan legislation included incentives for projects placed in coal communities including Wayne County; new ...
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Biden visits Colorado wind firm

Arkansas Democrat-Gazette 30 Nov 2023
"Did you all know that you're part of a massive failure?" Biden said to the workers and local officials gathered for his speech as he touted hundreds of new jobs fueled by tax incentives for clean energy initiatives.
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Biden visits Boebert's district to reject Republican criticism of green policies

The Nashville Ledger 30 Nov 2023
"Did you all know that you're part of a massive failure?" Biden said to the workers and local officials gathered for his speech as he touted hundreds of new jobs fueled by tax incentives for clean energy initiatives.
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