The final rules stipulate that the 45X tax credit can be obtained only once an ‘eligible component’ is created, essentially favoring mining companies that own processing facilities. The U.S. Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production of solar panels, lithium-ion batteries, and other clean energy components, a shift in position after industry pressure.

BING NEWS:
  • Daily on Energy: New lead dust rules, advanced manufacturing credit finalized, and Ioneer’s lithium mine greenlit
    Good afternoon, and happy Thursday, readers. With Halloween one week away, we hope you have your costumes ready or candy set aside for any trick-or-treaters that come your way. In today's edition of ...
    10/24/2024 - 12:35 pm | View Link
  • Treasury extends clean energy manufacturing tax credit to some miners
    The final rules stipulate that the 45X tax credit can only be obtained once an 'eligible component' is created, essentially favoring mining companies that own processing facilities.
    10/24/2024 - 9:30 am | View Link
  • Nobody is using $2.6B in Pa. tax credits. Gov. Shapiro wants rewrite to boost electricity production
    Companies have yet to claim a single dollar from a $2.6 billion tax credit package Pennsylvania enacted in 2022 to encourage natural gas use, hydrogen production, milk processing, and more.
    10/24/2024 - 8:34 am | View Link
  • Treasury issues final rules for advanced manufacturing tax credit
    Section 45X provides incentives for solar and energy storage manufacturers across the supply chain, including manufacturers that produce solar cells, solar modules, inverters, trackers, and more.
    10/24/2024 - 5:41 am | View Link
  • US Treasury allows miners to access clean energy manufacturing subsidy
    The U.S. Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production of solar panels, lithium-ion batteries and other clean ...
    10/24/2024 - 4:16 am | View Link
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