As the Senate prepares to vote on the omnibus spending bill, the renewable energy sector braces for changes that could affect crucial tax credits. Although certain harsh provisions from the House version might not make it through, concerns remain about potential limitations that could hinder supply chain access and small developers. Exelon CEO Calvin Butler stresses the critical role of clean energy tax credits in achieving U.S. energy dominance, advocating for support in light of soaring electricity demands driven by technological advancements. While optimism about the Senate version exists, challenges from partisan divisions could impact the final outcome.
Butler emphasized the need for clean energy tax credits, saying, 'We believe the [clean energy] tax credits are key. We don't believe you can get to the [U.S.] energy dominance without having renewables as part of the solution.'
Despite GOP opposition, Butler noted, 'We're optimistic, but on top of it', indicating a cautious hope for the Senate version of the bill.
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