Larisa Manescu, larisa.manescu@sierraclub.org
WASHINGTON, DC – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed new tax guidance, providing tax credits for up to 70% of offshore wind and other clean energy projects.
There will be a 60-day public comment period on this Notice of Proposed Rulemaking (NPRM).
In response to the proposal, Sierra Club Deputy Legislative Director Xavier Boatright released the following statement:
“This guidance from the Biden-Harris Administration will help to expand clean energy projects – particularly for offshore wind and battery storage – across the nation. The power of the Inflation Reduction Act is at work, expanding renewable energy and increasing good-paying clean energy jobs.”
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.