New Biden Administration Guidance Will Turbocharge Made In America Clean Energy Boom

Washington, D.C. – Today, the U.S. Department of Treasury released new tax credit guidance that will further incentivize American companies to manufacture clean energy components in the U.S. Today’s announcement bolsters America’s competitiveness and will bring good-paying jobs home. 

“Bringing good-paying jobs home from overseas was a priority of President Biden’s historic investment in the clean energy economy. Today’s announcement by the Treasury Department delivers on that promise,” said Alex Wall, Climate Power’s senior advisor for the clean energy economy. “This guidance will protect our national security, create good-paying jobs, and  bring the supply chain home — it’s a win-win for American workers and consumers.”

Since the passage of the Inflation Reduction Act, businesses have announced over 210,000 clean energy jobs across 45 states and Puerto Rico, totaling $310 billion in new investments. The majority of America’s clean energy job growth has occurred in states and districts represented by Republicans. Not a single congressional Republican voted to pass the Inflation Reduction Act, and since the passage of President Biden’s clean energy plan, MAGA Republicans in the House have voted to repeal it 31 times.