FOR IMMEDIATE RELEASE
April 3, 2014
Contact: Laura Tierney
Email: [email protected]
BCSE Statement on Senate Finance Committee Passage of Tax Extenders Bill
Clean Energy Industries Applaud Senators for Bipartisan Action
Washington, DC — The Business Council for Sustainable Energy (BCSE) released the following statement from BCSE President Lisa Jacobson regarding action in the Senate Finance Committee today to report a bill to extend certain expiring and expired tax credits.
"The Business Council for Sustainable Energy is pleased that a number of clean energy tax measures were included in the tax extenders bill that was reported by the Senate Finance Committee today and, importantly, that these extensions run through the end of 2015.
“Our national energy policy has been driven in large part by federal tax policy, which has been as effective as any state or federal energy policy mechanism in helping to ensure an adequate, reliable, safe, clean supply of energy resources.
“Over the past five years, the US economy has continued its shift to the increased production and consumption of lower-carbon energy. Energy efficiency, renewable energy and natural gas are contributing to the country's rapid shifts in energy production, distribution and use. These sectors are no longer sources of alternative energy, but are quickly embedding themselves into the mainstream fabric of the US energy economy."
Policy uncertainty in Washington has been the biggest roadblock to clean energy in recent years. For example, according to the 2014 edition of the Business Council for Sustainable Energy and Bloomberg New Energy Finance Sustainable Energy in America Factbook, 2013 saw a dramatic rise in solar installations, due in large part to a stable investment tax credit which helped to propel a dramatic 50 percent increase in cumulative solar installations.
In contrast, the uncertainly over the extension of the Production Tax Credit (PTC) at the end of 2012 resulted in decreased investment and deployment for several sectors in 2013.
"The Council commends the Senate Finance Committee for its bipartisan approach to report out a tax extenders bill today and looks forward to working with the House Ways and Means Committee as it considers extending expiring and expired tax measures later this month."