The Center for American Progress organized this letter to urge Treasury and IRS to allow Puerto Rico and other U.S. territories to have equal access to clean energy tax credits and investment tax credits (30C, 45W, 48, 48C, and 48E) via direct pay and transferability provisions. The letter came in response to Treasury’s guidance, which indicated that territories would only be eligible for production tax credits—a decision that effectively excludes the territories from receiving credits for energy storage, microgrids, the low-income community bonus, commercial EVs, and others. 60 companies, including ZETA joined as signatories. [Full Text Here]
