A transmission investment tax credit (ITC) in the US — as proposed by President Joe Biden — would enable an additional 30GW of renewable energy to be installed in the US, and possibly as much as 42GW, according to analysis by the American Council on Renewable Energy (Acore).
A targeted tax credit is needed to incentivise the construction of “regionally significant high-voltage transmission infrastructure”, Acore concluded in a 29-page report co-authored by consulting firm Grid Strategies LLC.
