Join us in asking Congress to keep investments in clean energy for individuals and churches.
The clean energy tax credits passed under the Inflation Reduction Act (IRA) (Public Law 117-169) are essential. Tax credits support transition to more sustainable energy investment and the meeting of power requirements of a growing economy, including a U.S. manufacturing revival, building and transportation electrification, AI technology and next generation data centers.
Before the IRA, these credits’ predecessors enjoyed long-standing bipartisan support for their benefits to communities around the country. Recent research has shown the threats to the U.S. economy posed by repealing the IRA’s energy tax credits include: $336 billion in less investment over the next 15 years; 97,000 fewer American energy jobs created; and an average 10% increase in electricity bills.
We urge Congress to oppose the repeal of IRA investments in affordable clean energy, American jobs, and economic development in the upcoming budget reconciliation bill. Examples of tax credits which meet this nation’s needs are:
- Energy Investment Tax Credit (IRC Sec. 48E): Lowers the cost of building clean energy infrastructure.
- Production Tax Credit (IRC Sec. 45Y): Provides credits per kilowatt hour of clean energy.
- Advanced Manufacturing Tax Credit (IRC Sec. 45X): Lowers the cost of making solar, wind, and battery components as well as producing power inverters and critical minerals.
- Electric Vehicle Tax Credits (IRC Sec. 30D and Sec. 25E): Sec. 30D provides up to $7,500 for qualified new EV purchases. Sec. 25E provides up to $4,000 for pre-owned EVs.
- Residential Clean Energy and Energy Efficiency Tax Credits (IRC Sec. 25D and Sec. 25C): Sec. 25D lowers the cost of home projects like rooftop solar, battery storage, or geothermal heat pump installation. Sec. 25C lowers the costs of projects like home weatherization, heat pump installation, or electric water heater installation.
This Action Alert is part of a Lenten Action Series, an opportunity to take advocacy action as part of your Lenten practice. Our baptismal calling to "serve all people," following the example of Christ, has urgent meaning as our progress in addressing climate change and the healing and wholeness of God’s good creation are threatened.
Share your values and convictions with elected officials to urge Congress to oppose the repeal of IRA investments in affordable clean energy, American jobs and economic development in the upcoming budget reconciliation bill. Expand your impact by sharing specific experiences of you or your congregation’s experience with these tax credits.
Thank you for your advocacy.
