This webinar highlighted two impressive and impactful state programs that are accelerating the development of clean energy while increasing public participation in the process: The CT Green Bank’s Green Liberty Bonds program, and Washington’s 2021 State Energy Strategy.
CEG strongly recommends that the Treasury Department and the IRS fully account for the carbon emissions associated with powering electrolysis production of hydrogen through grid electricity and that the agencies do not allow for offsetting these emissions through market-based procurement mechanisms, such as RECs and PPAs.
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CEG Comments on Direct Pay Option within the Inflation Reduction Act
Allowing low-income-serving entities to take direct payment of a tax credit they would not otherwise be allowed to take in order to offset the cost of adding solar and storage, both for relief of energy burden and for resilience, could increase the amount of solar and storage on low-income single-family homes, effectively addressing a deficiency in the Inflation Reduction Act.