Microsoft to reopen Three Mile Island Nuclear Plant, Renewables Have Failed.

[Crick]

First and foremost, the oil industry uses tax breaks that solar and wind use, that all corporations use. Tax deductions are not subsidies.

Why does the oil industry need tax breaks? Exxonmobil's NET revenue for 2023 was $36 billion. In 2022, they made over $48 billion NET revenue.

Some of? If you call trillions of dollars, some of ...

The Infrastructure and Jobs Act has not given trillions of dollars to anyone. Neither has the Inflation Reduction Act.
Here is an AI response to "How much did the IRA contain for renewable energy?"

AI Overview
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The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
    
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit
  

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

Subsidies with the new laws go far beyond construction and start up, to prevent continuing bankruptcies subsidies are now paid on every watt produced

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if crick can provide a coherent reply

Let's see if elektra can provide a demonstrably factual claim.

 

[elektra]

Why does the oil industry need tax breaks? Exxonmobil's NET revenue for 2023 was $36 billion. In 2022, they made over $48 billion NET revenue.

The Infrastructure and Jobs Act has not given trillions of dollars to anyone. Neither has the Inflation Reduction Act.
Here is an AI response to "How much did the IRA contain for renewable energy?"

AI Overview
Learn more…Opens in new tab

The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if elektra can provide a demonstrably factual claim.

Links and AI don't make you right.
You have no idea what you speak of. First and foremost, your first question is basically why there is a tax code?

 

[elektra]

AI Overview
Learn more…Opens in new tab

The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if elektra can provide a demonstrably factual clclaim.

AI Overview? I can play that game. Is there a cap on the ptc and itc? I know there is no cap so I being the expert between us I know how to utilize AI to get an accurate response.


AI Overview

No, there is no annual maximum or lifetime limit on the amount of the Inflation Reduction Act's (IRA) clean energy Investment Tax Credit (ITC) that can be taken. The credit is a percentage of the total improvement expenses in the year of installation. The percentage is: 30% for 2022–2032, 26% for 2033, and 22% for 2034.