LPPC Provides Comments to Treasury on Clean Energy Tax Credits
On December 23, 2022, LPPC provided the U.S. Department of the Treasury with comments on the clean energy tax provisions included in the Inflation Reduction Act (IRA).
Two letters were submitted relating to Notices 2022-56: Request for Comments on Section 45 Credit for Commercial Clean Vehicles and Section 30C Alternative Fuel Vehicle Refueling Property Credit, as well as Notice 2022-50: Request for Comments on Elective Payment of Applicable Credits and Transfer of Certain Credits; and Notice 2022-51: Request for Comments on Prevailing Wage, Apprenticeship, Domestic Content, and Energy Communities Requirements.
Public power has embraced the clean energy transition, with many LPPC members offering some of the cleanest energy generation portfolios in the country. LPPC urges the U.S. Department of the Treasury to issue prompt guidance so energy projects eligible for direct payment tax credits under the IRA can move forward.