Statement of Brad Townsend
VP of Policy & Outreach, Center for Climate and Energy Solutions

January 8, 2025 

On the Treasury Department’s guidance regarding IRC Sections 45Y and 48E:

“The U.S. Treasury Department has released final guidance for the most important clean energy tax credits ever enacted – the section 45Y and 48E clean technology neutral tax credits. The technology-inclusive approach creates more space for innovation, by incentivizing the private sector to develop new technologies and approaches that will build on our competitive advantages to create jobs and reduce emissions at the same time.

“The long-term certainty provided by these credits gives the private sector the confidence necessary to make the kind of large-scale, long-lived investments that will be needed to meet growing electricity demand while keeping costs low for households.

“U.S. companies are demanding access to clean power to ensure their long-term competitiveness in global markets, which increasingly requires cleaner products. For communities around the country hoping to retain or attract those employers, these credits will be crucial to ensuring that companies have the right incentives to invest in America.”

Read C2ES’s Draft Regulations for IRC Sections 45Y and 48E (April, 2024) and comments (August, 2024).

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