FOR IMMEDIATE RELEASE
December 18, 2015
Contact: Laura Tierney
Email: [email protected]
BCSE Statement on Extension of Clean Energy Tax Measures
Washington, DC - Business Council for Sustainable Energy (BCSE) President Lisa Jacobson issued the following statement following passage of clean energy tax provisions contained in the omnibus appropriations and tax package.
"BCSE is pleased that Congress has enacted clean energy tax provisions as part of the tax and spending package this week.
"The 2016 spending bill includes a five-year extension of the Production Tax Credit (PTC) for wind power and a five year extension of the Investment Tax Credit (ITC) for solar, with gradual ramp-down of these credits. BCSE is very pleased that the solar and wind sectors received a long-term extension of these credits, as well as language that will enable them to be used when construction is started on projects. Having stable tax policy for these industries will provide predictable market conditions and enable them to grow, reduce costs and attract investment.
"The tax package extended incentives for energy efficiency to December 31, 2016. However, incentives for the non-wind and non-solar technologies that currently access the PTC and ITC were not extended beyond December 31, 2016. These include: combined heat and power, microturbines, fuel cells, small wind, biomass, geothermal, landfill gas, waste to energy, hydropower, marine and hydrokinetic.
"With regards to the ITC, Members of Congress recognize that not extending the incentives for the non-solar technologies was an error in the drafting of the legislation and have said they will work to address the problem early in 2016. BCSE looks forward to working with Congress to rectify this issue, as well as to enact tax legislation that will provide long-term extensions to other clean energy and energy efficiency technologies quickly that yield significant economic and environmental benefits."
Download the full press release.