Extending Tax Credits This Year 'Vital' Over 100 Renewable Energy Companies and Organizations Tell President Bush and Congressional Leaders
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WASHINGTON, Oct 31, 2007 /PRNewswire-USNewswire
Over 100 organizations and companies representing every aspect of renewable energy signed a letter sent today to the President, the Speaker of the House, House Minority Leader, Senate Majority Leader, and Senate Minority Leader urging fast action on the extension of federal tax incentives. The text of the letter and list of signatories follows:
"We are writing to urge Congress to complete legislative action this year on proposals to extend renewable energy tax incentives, particularly the production tax credit for renewable power plants, Clean Renewable Energy Bonds, and the investment tax credits for commercial and residential solar and fuel cell technologies. These tax incentives are vital to ensure continued, dynamic growth in the production of electricity using renewable energy resources."
"As companies and organizations involved in America's renewable energy sector, we believe that extension of existing section 45 energy tax incentives, the Clean Renewable Energy Bond (CREBs) program, and the commercial and residential solar and fuel cell investment credits are vital to our effort to transform the United States into a world leader in renewable and clean energy technologies such as geothermal, solar, biomass, fuel cells, hydropower, wind, landfill gas and municipal solid waste."
"The Energy Policy Act of 2005 expanded the Production Tax Credit to a broader range of renewable technologies and established the CREBs program and the solar and fuel cell investment tax credits. This has spurred development of thousands of megawatts of new renewable power projects across the country, but the significant market acceleration created by these tax incentives is about to stall if Congress does not act to extend these programs. Companies across the country are facing imminent decisions about whether to move forward with new renewable energy projects, and if these credits are not extended many will be downsized or put on hold."
"While various useful enhancements of these credits have been proposed by many of us, we would emphasize that there is no single action as important to all of us as the prompt approval of legislation to extend renewable energy tax incentives that promote new investment in these industries."
Organizations: (25) American Wind Energy Association, Breakthrough Technologies Institute, Chester County Solid Waste Authority (Penn.), City of Albuquerque, Solid Waste Management Department, Delaware County Solid Waste Authority, Geothermal Energy Association, Geothermal Resources Council, Great Basin Center for Geothermal Energy, Integrated Waste Services Association, International Solid Waste Association, Monterey Regional Waste Management District (Calif.), National Hydropower Association, National Rural Electric Cooperative Association, New Mexico Environment Department, Solid Waste Bureau, Permit Section, New York Power Authority, New York State Association for Solid Waste Management, Northern California Power Agency, Sacramento County Department of Municipal Services Agency, Department of Waste Management and Recycling (Calif.), Solar Energy Industries Association, Solid Waste Association of North America, Spokane Regional Solid Waste System, SUN DAY Campaign, USA Biomass Power Producers Alliance, US Fuel Cell Council, Waste Commission of Scott County (Iowa).
Companies: (82) Air Products, Allied Waste Industries, Inc., Altarock Energy, Inc, AXD Service Industries Corp., Ballard Power Systems, Black Mountain Technology, Bob Lawrence and Associates, Brookfield Power, Bryan A. Stirrat & Associates, Bulk Molding Compounds, Inc., Cabot Fuel Cells, Calpine Corporation, CDM, Inc., Clayton R. Nichols, LLC, CMS Energy, Columbian Chemicals, Consultants in Engineering Acoustics, Covanta Energy Corporation, Davenport Power, Devine Tarbell & Associates, Inc., DTE Biomass Energy, Inc., Earth Power Resources, Inc., Enel North America, Enpower Corporation, Esmerelda Energy, Falcone Associates, Farallon Consulting, LLC, Finley BioEnergy LLC, FirstLight Power, Fortistar Methane Group, Full Spectrum Communications, Gene Polk, Consultant, Geothermal Resource Group, GeothermEx, Inc, Glitnir Capital Corporation, Great American Energy LLC, HCI Publications, High Desert GeoCulture LLC, Hydro Green Energy, Hydro Resources Inc., Hydrogenics Corporation, IdaTech, LLC, Johnson Matthey, Kodali, Inc., Louis Berger Group, Material Integrity Solutions, Inc., Millennium Cell Inc., Minnesota Power, MissionPoint Capital Partners, Myrtle Tree Development LLC, Nevada Geothermal Power, NexTech Materials, Ltd., Oikovest, Ormat Nevada, Pacific Gas and Electric, Palmer Capital Corporation, Plug Power, PolyFuel, Inc., Portland General Electric, Raser Technologies, Inc., Ronald DiPippo, Ph.D., Renewable Energy Consultant, SCS Engineers, Sempra Energy, Sentech, Inc., Siemens Power Generation, Inc., Sierra Geothermal Power, Tacoma Power, Tata Power Co., Terra Engineering and Construction Corporation Inc., EK Corporation, UltraCell Corporation, US Geothermal Inc., USRG Management Company, UTC Power, Veolia ES Waste-to-Energy, Inc., Voith Siemens Hydro Power Generation, Inc., Vulcan Power Company, Waste Heat Solutions for Energy Concepts Co., Waste Management, Western Biofuels Development LLC, Western GeoPower, Wheelabrator Technologies, Inc.
SOURCE Geothermal Energy Association
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