Washington, D.C. – Lisa Jacobson, President of the Business Council for Sustainable Energy (BCSE), offered the following statement in response to the U.S Department of Treasury’s final rules for the Section 45X Advanced Manufacturing Production Tax Credit:
“BCSE commends the U.S. Department of Treasury for finalizing the Inflation Reduction Act (IRA)’s Advanced Manufacturing Production Tax Credit, providing needed certainty for investment. These tax credits provide impactful market signals to invest in a variety of clean energy projects in the United States, propelling the onshoring of manufacturing, and supply chains, and critical minerals production.
“Finalizing the rules for the Advanced Manufacturing Production Tax Credit builds on the historic opportunity that the portfolio of IRA energy tax credits provides to leverage private sector capital to improve American competitiveness and create jobs.”
According to the 2024 Sustainable Energy in America Factbook, more than 100 new manufacturing facilities have been announced across North America in response to the IRA, representing more than $120 billion in announced investments.
BCSE looks forward to reviewing the rules and continuing to work with the Biden-Harris administration to ensure the efficient and equitable implementation of clean energy and climate funding.
Media contact: Lizzie Stricklin
Email: lstricklin@bcse.org
Phone: 202.785.0507 ext. 1504