Renewables Letter to Senate
March 25, 2015
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.
The clean energy sector has the potential to be one of the greatest engines of middle class job growth in the 21st century, while providing our nation with secure sources of clean and renewable domestic energy. To realize that objective, however, we must have a supportive and certain tax policy environment.
Again, on behalf of our thousands of member companies and more than half a million Americans working in our industries, we ask you to send an unambiguous signal of support for clean and renewable energy. Please vote for the Bennet Amendment to the Senate Budget Resolution in support of continuing tax incentives for clean and renewable domestic energy sources.
Rhone Resch, President and CEO
Solar Energy Industries Association
Tom Kiernan, CEO
American Wind Energy Association
Karl Gawell, Executive Director
Geothermal Energy Association
David Gardiner, Executive Director
Alliance for Industrial Efficiency
Patrick Serfess, Executive Director
American Biogas Council
Ted Michaels, President
Energy Recovery Council
Linda Church Ciocci, Executive Director
National Hydropower Association
Robert E. Cleaves, President & CEO
Biomass Power Association
Jennifer Jenkins, Executive Director
Distributed Wind Energy Association
Bud DeFlaviis, Director of Government Affairs