The upcoming US election could impact the Inflation Reduction Act, risking changes to its funding and tax benefits for clean energy.
he governor of Florida, Ron DeSantis, has approved $346 million in federal funding for energy efficiency improvement.
Households that install heat pumps with a thermal efficiency rating of at least 75% can receive up to $2,000 in tax credits, as well as potential energy cost savings, thanks to a rebate applicable when filing taxes.
The Biden government’s focus on energy efficiency subsidies like the Investment Tax Credit (ITC) is evident as the latest phase has just been announced.
Article Summary – In May, employment saw gains in several industries, including health care, government, leisure and hospitality, as well as professional, scientific, and technical services. Wage growth also continued, with average hourly earnings rising by 4.1 percent over the past year. Meanwhile, the unemployment rate stands at 4.0 percent.
The Republican leader of the congressional climate change caucus will not back the repeal of several clean energy tax credits embedded in President Joe Biden’s 2022 climate law.
Gov. Hochul and Sec. Granholm announce a $39.6M rebate program under the Inflation Reduction Act for energy efficiency upgrades.
Article Summary – The Inflation Reduction Act (IRA), passed in 2022, is the largest climate bill in U.S history and has led to significant investments in clean renewable energy. The IRA offers subsidies, tax rebates, and incentives that have led to the announcement of projects involving over 170,000 new clean
Article Summary – Two right-leaning industry groups, the American Petroleum Institute and the U.S. Chamber of Commerce, have shown support for parts of President Biden’s Inflation Reduction Act, specifically the tax incentives for clean energy. Initially against the Act due to corporate tax hikes and a methane emissions fee, the
Article Summary – Denmark’s Orsted has secured a $680m investment from JPMorgan for two US renewable energy projects spurred by the Biden administration’s Inflation Reduction Act. The investment will fund the Eleven Mile Solar Center in Arizona and the Sparta Solar project in Texas. The Inflation Reduction Act allows tax
Article Summary – The National Oceanic and Atmospheric Administration (NOAA) Fisheries has recommended $70.9 million for improving fish migration in Maine rivers under the Bipartisan Infrastructure Law and Inflation Reduction Act. The funding will be allocated to various organizations including the Passamaquoddy Tribe at Pleasant Point, the Penobscot Indian Nation,
Article Summary – The article discusses the benefits of investing in greenhouse gas reduction, particularly on main streets. Investments in these areas not only promote climate-friendly transformations but also provide job opportunities, boost local economies, and improve public health. Furthermore, it suggests that such investments should be expanded beyond wealthier
