The Biden administration has deployed various programs to try to increase access to clean energy. But systems that could help lower bills are still out of reach for many low-income households.
Category: Tax Credits, Deductions and Exemptions
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Tesla Sales Rebound After Steep Price Cuts
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
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Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
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Clean Energy Tax Credits Leave the Door Open to Chinese Investment
The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.
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What Ails Offshore Wind: Supply Chains, Ships and Interest Rates
Government officials and energy developers misjudged the difficulty of building huge clean energy projects in the United States, which has built very few of them.
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Biden Administration Chooses Military Supplier for First Chips Act Grant
The award, which will go to BAE Systems, is part of a new government program aimed at creating a more secure supply of semiconductors.
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Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
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In Biden’s Climate Law, a Boon for Green Energy, and Wall Street
The law has effectively created a new marketplace that helps smaller companies gain access to funding, with banks taking a cut.
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Higher Contribution Limits Are Coming for 401(k) Retirement Plans
But, financial advisers note, most people cannot afford to set aside the maximum amount. “This is a system geared for high earners,” one expert said.