House Passes Renewable Energy Bill

NAW Staff, Thursday 28 February 2008 - 10:29:32

The American Wind Energy Association (AWEA) praised the 236 to 182 vote in the House of Representatives on a bill that includes an extension of the renewable energy production tax credit.

The bill, which would be financed by ending tax incentives for oil and natural gas producers, includes $17 billion in tax credits and other incentives to encourage the production of renewable sources such as wind and solar power.

"[AWEA], on behalf of our more than 1,200 member companies, is grateful to House leadership and the members of the House Ways and Means Committee for moving quickly to extend renewable energy tax incentives," says Gregory Wetstone, senior director of governmental and public affairs. "With 116,000 jobs and $19 billion in clean energy investment at risk from the looming expiration of the widely popular renewable energy tax credits, it is clear that prompt Congressional action on the Renewable Energy and Energy Conservation Tax Act of 2008 is essential to one of the fastest growing areas of the American economy."

Wetstone goes on to say that AWEA will work with wind and solar energy supporters in the Senate to ensure passage of the bill.



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