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.




IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
UEA_id1896
Acciona_id1907
JLG_id1900
AWEA_id1886
bonfiglioli_id1913