All 50 governors urge extension of federal renewable energy tax incentives

Posted on July 25, 2008. Filed under: Energy Policy |

Just as RENEW and numerous individuals signed an open letter to Congress, the National Governors Association also wrote:

The nation’s governors urge Congress to extend for at least five years tax provisions that encourage the development of renewable energy sources and promote energy efficiency.

Last February, leadership of the National Governors Association wrote the leaders of Congress’ tax writing committees to urge enactment of legislation containing these provisions. Since that time, however, efforts to advance them have fallen short. Extending these credits is critical and action must be taken as soon as possible.

Renewable energy plays an important role in our nation’s energy security, and governors have pioneered a wide array of innovative energy policies in their states. To supplement state efforts, governors support the development of federal tax incentives, including clean renewable energy bonds, to promote clean, secure, and affordable energy to fuel America’s future.

We also encourage Congress to continue to develop incentives for programs that help families and businesses use energy-efficient building techniques, materials, and equipment readily available in today’s market. Extending incentives for energy efficiency and conservation will slow the growth of future energy needs, minimize ratepayer costs, and lessen potential environmental impacts.

Securing our energy future must be a priority at both the state and federal levels. We strongly urge you to partner with states by passing legislation on a bipartisan basis to extend expiring renewable energy and energy efficiency tax credits that can be enacted this year.


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