ACP Statement on Final Guidance for Tech-Neutral Tax Credits

ACP Statement on Final Guidance for Tech-Neutral Tax Credits

Press Release

WASHINGTON, D.C., January 7, 2025 - The American Clean Power Association (ACP) released the following statement from ACP Chief Executive Officer Jason Grumet after the U.S. Treasury Department released its final guidance for the technology-neutral clean energy production tax credit (PTC) and investment tax credit (ITC):

"The tech-neutral tax credits are critical for supporting the development of a wide mix of new energy resources that our nation will need to meet rising electricity demand. The transition from technology specific incentives to a performance-based system is key to encouraging broad technology innovation and increasing overall program effectiveness. Treasury's final tech-neutral guidance gives investors and developers the certainty needed to kickstart new energy projects creating new jobs and enhancing our nation's energy security."

The American Clean Power Association (ACP) is the leading voice of today's multi-tech clean energy industry, representing over 800 energy storage, wind, utility-scale solar, clean hydrogen and transmission companies. ACP is committed to meeting America's national security, economic and clean energy goals with fast-growing, low-cost, and reliable domestic power.

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