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.
Category: Tax Credits, Deductions and Exemptions
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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.
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Heat Pump Installations Slow, Impeding Biden’s Climate Goals
The devices can heat and cool homes more efficiently than furnaces and air-conditioners, but their sales have slowed because of higher interest rates and a slow rollout of federal incentives.
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Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
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Solar Manufacturing Lured to U.S. by Tax Credits in Climate Bill
A combination of government policies is finally succeeding in reversing a long decline in solar manufacturing in the United States.