American Clean Resources Group Commits to Transfer Federal Tax Credits to Investors to Accelerate the Development of Its Renewable Energy Assets

LAKEWOOD, CO / ACCESSWIRE / March 7, 2024 / American Clean Resources Group (OTC:ACRG), a leading environmentally sustainable development platform dedicated to reshaping the American Supply Chain, is strategically positioned to capitalize on its potential projects valued in the multi-billions that are under consideration for development. These projects meet the requirements of IRS-approved federal tax credits, aligning with recent Congressional Authorization in the renewable energy sector. This positions ACRG as a significant player in advancing renewable energy initiatives, presenting a lucrative opportunity for investors, company stockholders, and those anticipating forthcoming regulations regarding the transference of renewable energy tax credits.

A recent development highlighted in Barron's, a sister publication of The Wall Street Journal, shed light on Schneider Electric's desire to utilize the IRA's transferability clause to bolster investments in renewable power generation. Recognizing the vast opportunities presented by this legislative framework, ACRG is strategically positioning itself to leverage tax credit transfer agreements to drive its commitment to sustainable development while maximizing returns for investors

"The IRA's transferability clause represents a paradigm shift in renewable energy investments," comments Tawana Bain, CEO of ACRG. "With this newfound flexibility, we believe our ability to accelerate the development of renewable energy assets is greatly enhanced."

As articulated in Barron's, the transferability clause enables the transfer of eligible federal tax credits from renewable energy projects to investors, providing a viable alternative to traditional tax equity structures. This innovative approach not only streamlines the financing process but also opens opportunities for a broader pool of investors to participate in renewable energy ventures.

"We are committed to passing along a portion of our IRS-approved federal tax credits to investors and shareholders, ensuring that they can reap the benefits of our sustainable development efforts," adds Bain.

According to a Bloomberg tax law article, "The new IRA clean energy tax credits and deduction will be available for the next 10 years. While many of the incentives are already in effect, a few will take effect in 2024 or 2025." This article provides guidance on how companies can claim and qualify for these tax credits.