ABB_id2059
in News Departments > Policy Watch
print the content item

Rep. Kyrsten Sinema, D-Ariz., has proposed H.R.1424, the Security in Energy and Manufacturing Act of 2013 (SEAM Act), which would extend the Advanced Energy Manufacturing Tax Credit program.

"The program provides a 30 percent tax credit, or grant in lieu of a tax credit, to companies constructing, expanding or retrofitting their facilities that manufacture renewable energy," Sinema said during her introduction of the bill, according to a transcript posted by her office.

"We have seen our manufacturing base erode as a result of increased global competition," she continued. "Not only will the SEAM Act help us rebuild our manufacturing industry, but it will also provide an opportunity to do so while exploring responsible energy production.

"Energy innovation is quickly becoming one of the world's largest industries, and countries all over the world are purchasing billions of dollars' worth of wind turbines, solar panels and other energy technologies," she added. "I want to see those products made in the United States and for our country to remain competitive."

The full text of the bill can be found here.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015