November 17, 2022
The Inflation Reduction Act is legislation, and now the actual enjoyable begins — implementing it. The Solar Energy Industries Association (SEIA) filed responses to the U.S. Department of the Treasury’s request for public feedback on the clear energy tax provisions, highlighting key areas wherein readability is most wanted.
“The clean energy tax credit provisions in the Inflation Reduction Act are designed to create jobs and speed our energy transition in a just and equitable fashion over the next decade, making effective and durable implementation a critical part of our clean energy future,” stated Sean Gallagher, vice chairman of state and regulatory affairs at SEIA. “SEIA’s regulatory and policy experts are deeply involved in the public comment process and continue to work hard to identify gaps and formulate policy recommendations that will help clean energy companies and the administration maximize the benefits of this law.”
There are a number of essential tax provisions within the IRA that require extra readability, together with home content material specs and whether or not corporations can apply present “Buy America” home content material rules to solar and storage amenities.
SEIA can also be searching for a good and open software course of for the low-income group allotted tax credit that features all market segments and incorporates sturdy client safety measures for low-income households.
SEIA is also encouraging Treasury to make use of clear, straightforward to grasp prevailing wage charges and to make cheap lodging on apprenticeship applications, corresponding to outlined geographic areas the place employers ought to hunt down apprenticeship applications.
The solar and storage business and different stakeholders are responding to related requests for info and proposed guidelines in regards to the IRA, and anticipates requests from the U.S. Department of Labor, the U.S. Department of Energy (DOE), the U.S. Environmental Protection Agency (EPA), the U.S. Department of Agriculture, amongst others.
“Collaboration will be a key part of this process, and we’re calling on federal agencies to work with industry at every stage of implementation and move expeditiously to provide guidance,” Gallagher stated.
SEIA is presently reviewing EPA’s latest request for info on its Greenhouse Gas Reduction Fund and plans to touch upon this program and future requests from DOE and different businesses.
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