tax credits


Major Job Losses in Renewable Energy if Current Tax Plan Passes

, director of energy research, Clean Energy

In March 2017, I testified before the House Energy and Commerce Committee on how federal tax credits for renewable energy have been a key driver for the recent growth in the US wind and solar industries, creating new jobs, income, and tax revenues for local communities.  They have also helped drive down the cost of wind and solar power by more than two-thirds since 2009, making renewable energy more affordable for consumers. Read more >

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What Extending Federal Wind and Solar Tax Credits Means for the Clean Power Plan and Paris

, director of energy research, Clean Energy

Two new studies by the National Renewable Energy Laboratory (NREL) and the Rhodium Group show that the five-year extension of the federal production and investment tax credits (PTC and ITC) for wind and solar, included in the Consolidated Appropriations Act of 2016 passed in December, could result in record-setting growth in the U.S. renewable energy industry while significantly reducing power plant carbon dioxide (CO2) emissions. Read more >

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Congress Prevents Wind Industry from Falling Off Cliff

, director of energy research, Clean Energy

I’m pleased to report that it didn’t take long to achieve one of my new year’s resolutions for Congress – extending the federal tax credits for wind power and other renewable energy sources. The deal to avert the so-called “fiscal cliff” that passed the Senate and the House yesterday, and is expected to be signed by the President, includes an important extension of federal tax credits for wind and other renewable energy projects that begin construction in 2013. This will temporarily help the wind industry from going off its own cliff. Happy New Year indeed! Read more >

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