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U.S. clean-energy tax breaks sought in the virus stimulus package


Clean energy advocates are pushing for consumer tax credit extensions for renewable energy, storage, and electric vehicles to be included in the stimulus package:

  • With many business sectors taking losses from the impacts of coronavirus, the renewable energy sector says they are feeling losses as well
    • The demand for solar is down, projects are being canceled, and labor shortages are a few of the worries for the renewable energy sector
  • The co-chairs of the House Sustainable Energy and Environment Coalition are advocating for the tax credits in the upcoming stimulus 
  • The third round of fiscal stimulus could total as much as $1.2 trillion

The Climate Center aims to push California to commit to 80% below 1990 levels of GHG emissions and net-negative emissions by 2030, accelerating timelines for existing state policies. 

Read more: https://www.bloomberg.com/news/articles/2020-03-18/clean-energy-credits-eyed-for-virus-stimulus-package-in-congress