in News Departments > Policy Watch
print the content item

The Western Governors' Association (WGA) recently sent legislators a letter urging a modification of the Section 48 renewable energy investment tax credit (ITC) from a "placed in service" standard of eligibility to a "commence construction" standard.

The letter was signed by Colorado Gov. John Hickenlooper, WGA chairman, and Nevada Gov. Brian Sandoval, WGA vice chairman. The letter was sent to Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah (chairman and ranking member, respectively, of the Senate Committee on Finance), as well as Reps. Dave Camp, R-Mich., and Sander Levin, D-Mich. (chairman and ranking member, respectively, of the House Committee on Ways and Means).

In the letter, the WGA says, "Section 48 ITC benefits a variety of technologies and industries that are important to our state economies, including solar energy, fuel cells, microturbines, combined heat and power, small wind and thermal energy.

"Changing the ITC to a 'commence construction' standard would allow these industries to make full and effective use of the 30 percent investment tax credit for the duration of its existing authorization (which expires on Dec. 31, 2016), and will allow them to attract further investment - driving industry and job growth in our states."

The WGA adds that without the change, large-scale projects might be less likely to be completed. The full letter can be found HERE.





Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965
UnitedEquip_id1995