The U.S. Senate begins debate this week on the Fiscal Year 2016 Budget Resolution.  Senator Michael Bennet will be offering an amendment (#715) which expresses support for the extension of expired and expiring federal tax credits for renewable energy production and investment as the bridge to tax reform.  On behalf of the thousands of American companies and over 500,000 Americans working in the renewable energy sector, we strongly encourage you to support the Bennet Amendment.

Over the past five years, nearly 44% of all new domestic power generation capacity has come from renewable energy resources, including more than 56% of all new power generation capacity in 2014 – surpassing all other energy sources. The investment tax credit (ITC) and the production tax credit (PTC) have been the primary federal policy drivers for this growth, spurring private sector investment, creating jobs, and driving down costs significantly, making renewable and clean technologies more cost competitive.