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

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.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965