The Inflation Reduction Act turns two in August, and the potential impact of the legislation is increasingly coming into view as federal guidance is issued on the law’s provisions and its tax incentives increasingly spur private investment.
So far this year, 41 major clean energy projects and $12.6 billion in private investment have been announced, according to business group E2, and 2024 has seen the IRS issue final guidance for the IRA’s prevailing wage and apprenticeship requirements as well as its tax credit transferability mechanism. - Utility Dive
Thursday, July 11, 2024
The IRA isn't perfect, but it's doing plenty of good
They had to throw a lot of crap, like nuclear and pipelines, into it to get it passed. But the good stuff is working.
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For the past years, Blue Earth County has been meeting with residents of Rapidan Minnesota and the surrounding area discussing concerns over the Rapidan Dam ... public meetings were held (and Hagedorn's replacement candidates were invited - only one showed up and he was not a Republican). We now know that "potential" problem is no longer a "potential" problem but a real concern.
ReplyDeleteHere's the good news, the Inflation Reduction Act includes $3 Billion for Dam replacements, upgrades, etc ... and the Biden Administration has already started investing in dams (i.e. 14 projects in the Colorado River System were approved for fiscal year 2023).
Here's the bad news ... the IRA is subject to appropriations and the House is currently voting on FY25 funding ... and are proposing cuts to many programs.
Democrats will make a mistake by not hyping the GOP proposed cuts.