Renewable tax credits: a necessary investment for the future

View profile for Christopher Miller

Chief Executive Officer at Guzman Energy 🇺🇸 ⚓️

Worth reading and I agree with most of the Secretary’s points. But additionally, what the industry and businesses need from federal and local governments is clarity to make investments, less regulatory red tape, and a willingness to acknowledge that there are trades offs to any source of generation. I do not think there should be renewable tax credits or any type of tax credit in perpetuity, but it also seems short sighted to cut them so abruptly when we need every electron we can get as quickly as possible and businesses are trying to make long term investments. Just provide clarity on policy, stop whiplash, and lets work together to solve the challenge of our generation.

Christopher Miller I agree with you and wish we could have a tax code that got rid of special treatments of all varieties. Think of the simplicity and trust we could all have with a flat tax rate. However, I think you might also want to acknowledge the whiplash that came with the IRA. When you vintage the Department of Treasury's annual reports on tax expenditures, you can definitely see the whiplash that occurred post-IRA. We'll see how their forecasts change post OBBBA. The last forecast from Treasury was issued on November 27, 2024 which is designated by the thick lines vs prior reports designated by the narrower lines.

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Tim Berthold

Strategic Risk Advisor | Ex-McKinsey & U.S. Navy Submariner

2mo

Free the electrons. They should be double-timing it.

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Ian Alexander

Energy Trader | Power Markets | Advanced ML & Risk Strategy

2mo

I completely agree. Christopher Miller

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