The Inflation Discount Act is legislation, and now the true enjoyable begins — implementing it. The Photo voltaic Vitality Industries Affiliation (SEIA) filed responses to the U.S. Department of the Treasury’s request for public feedback on the clear power tax provisions, highlighting key areas by which readability is most wanted.
“The clear power tax credit score provisions within the Inflation Discount Act are designed to create jobs and pace our power transition in a simply and equitable trend over the subsequent decade, making efficient and sturdy implementation a important a part of our clear power future,” mentioned Sean Gallagher, vp of state and regulatory affairs at SEIA. “SEIA’s regulatory and coverage consultants are deeply concerned within the public remark course of and proceed to work arduous to determine gaps and formulate coverage suggestions that may assist clear power firms and the administration maximize the advantages of this legislation.”
There are a number of vital tax provisions within the IRA that require extra readability, together with home content material specs and whether or not firms can apply present “Purchase America” home content material rules to photo voltaic and storage services.
SEIA can also be in search of a good and open software course of for the low-income neighborhood allotted tax credit that features all market segments and accommodates sturdy shopper 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, resembling outlined geographic areas the place employers ought to hunt down apprenticeship applications.
The photo voltaic and storage trade and different stakeholders are responding to related requests for data and proposed guidelines in regards to the IRA, and anticipates requests from the U.S. Division of Labor, the U.S. Division of Vitality (DOE), the U.S. Environmental Safety Company (EPA), the U.S. Division of Agriculture, amongst others.
“Collaboration will probably be a key a part of this course of, and we’re calling on federal companies to work with trade at each stage of implementation and transfer expeditiously to supply steering,” Gallagher mentioned.
SEIA is at the moment reviewing EPA’s latest request for data on its Greenhouse Gasoline Discount Fund and plans to touch upon this program and future requests from DOE and different companies.
Have you ever checked out our YouTube web page?
We’ve got a ton video interviews and extra content material on our YouTube web page. Not too long ago we debuted Power Forward! — a collaboration with BayWa r.e. to debate increased stage trade matters in addition to finest practices / tendencies for working a photo voltaic enterprise in the present day.
Our longer working aspect venture is The Pitch — by which we’ve got awkward discussions with photo voltaic producers and suppliers about their new know-how and concepts in order that you do not have to. We talk about every part from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new residence solar + storage microgrids.
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