Commentary: Inflation Reduction Act supports Maine’s strong clean energy economy

Tens of thousands of miners are poised to benefit greatly from the passage of anti-inflation laws. Governor Mills and Senator Angus King have led efforts to bring Maine a strong clean energy economy and the associated economic and environmental benefits.

This law could not have been better timed. American families are enduring record inflation and the worsening effects of climate change, both of which are disproportionately affecting America’s most vulnerable communities. homes and businesses to lower their electricity bills, providing much-needed relief as prices continue to rise.

There are also significant recent Maine actions to expand renewable energy in Maine and provide living wage jobs for Maines working in renewable energy, such as the Maine Climate Jobs Act and the Integrated Grid Planning Act. It is also complementary to measures. These new laws will leverage the success of Maine’s community solar program, which has already provided approximately 300 megawatts of new clean electricity. Maine has laid the groundwork for significant benefits from the provisions of the Inflation Reduction Act.

Our Nautilus Solar Energy has been a pioneer in solar energy since 2006. With offices in York, we strive to make solar energy affordable for everyone through our Community Solar Initiative. This includes making solar power accessible to low- to middle-income households and small businesses that want to reduce their carbon footprint and utility bills. With this essential piece of legislation passed, we want to get to work and increase our investment in Maine. Combined with the launch of Maine’s permanent Community Solar Program, the new legislation will be an economic and environmental boon for Maine.

This legislation has the potential to create hundreds of thousands of high-quality, high-paying renewable energy jobs, providing business opportunities for the communities we serve. In addition, it will bring new investment to the state and ensure equitable growth in every zip code nationwide. Finally, we make our economies and communities more resilient by investing in her one of our most trusted natural resources, the sun.

Climate change is a real threat to our world, and the Inflation Reduction Act is the greatest investment in U.S. history to tackle this challenge. Solar investment tax credits are currently the most effective policy for deploying the clean energy we need. Adding interconnection costs to the tax base for tax credits will encourage construction of solar projects under 5MW and build long-term certainty for companies to invest in local solar development. .

Maine’s current net energy billing program allows customers to benefit from clean energy savings by offsetting electricity bills at owned or shared energy projects such as community solar. This will encourage further development of these properties within the state. Net energy billing has become critical in establishing a healthy and growing community solar market in Maine.

The solar industry has set a goal that by 2030, 30% of all US electricity generation will come from solar power. With the passage of the Inflation Reduction Act, that goal will become a reality. Thanks to the work of thousands of clean energy advocates and advocates in Congress, this bill takes bold action and puts workers and communities first.

For Maine’s future, our energy independence, and our own wallets, the answer is clear. International leader in energy. Ready. Alright, let’s go.

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