Business & Environmental Groups Urge Sen. Lugar to Support Tax Incentives for Renewable Energy April 3, 2008Posted by Laura Arnold in Uncategorized.
3 April 2008
SENT VIA E-MAIL
The Honorable Richard Lugar
306 Hart Senate Building
Washington, DC 20510-1401
Dear Senator Lugar:
As a coalition of businesses and environmental organizations, we urge you to pass bipartisan legislation as soon as possible that extends federal tax incentives for energy efficiency and renewable energy technologies and consumer purchases of energy efficient products. These critically important incentives have expired or will expire at the end of this year and must be extended immediately to avoid significant harm to the developing clean energy industries in the United States.
We urge extension of incentives for renewable energy production, energy efficiency in commercial buildings, investment in solar electric systems, use of efficient home heating and cooling equipment, production of efficient home appliances, construction of efficient new homes, efficiency retrofits to existing homes, and consumer purchases of energy efficient products. The technologies produced by these industries play a vital role in reducing global warming pollution, creating new high-wage American jobs, spurring economic growth and saving consumers and businesses money on their energy bills.
It is essential for the development of clean technology industries that extensions of the efficiency and renewable energy tax incentives remain effective for multiple years. Congress has historically extended the clean energy incentives in one or two-year increments, which creates a boom-bust cycle for the technologies covered by the incentives. This cycle undermines the efficient development of the clean energy technology industries into mature industries.
It is critical for the sustained development of the clean energy technology industries that efficiency and renewable energy tax incentives be promptly extended. The delay in extending these provisions is already discouraging investment decisions today for clean energy projects that will be completed in 2009 or later. According to a recent study by Navigant Consulting, failure to promptly extend renewable energy tax incentives places at risk 116,000 jobs in the wind and solar industries and more than $19 billion in clean energy investment.
America is on the cusp of a new, clean energy economy. Extending efficiency and renewable energy tax incentives is critical to promoting the transition to this economy. They will help get us started on solving the global warming problem, reduce energy prices for consumers and create new high-wage jobs. We urge you to do everything you can to ensure prompt passage of legislation with significant bipartisan support that adopts long-term extensions of the efficiency and renewable energy tax incentives and can be enacted into law this spring.
Laura Ann Arnold, President
Indiana Renewable Energy Association
AIA Indiana Chapter
American Council for an Energy-Efficient Economy
American Solar Energy Society
Bright Idea Energy Services, Evansville, IN
Dow Chemical Company
ECI Wind & Solar, Fairmount, IN
Green Way Supply, Indianapolis, IN
Home & Mobile Energy, Middlebury, IN
Hoosier Chapter of the Sierra Club
Hoosier Environmental Council
Indiana Wildlife Federation
Indy Solar Works, LLC, Indianapolis, IN
Inovateus Development, South Bend, IN
Inverde, Fishers, IN
Morton Energy, Evansville, IN
National Association of State Energy Officials
National Small Business Association
Polyisocyanurate Insulation Manufacturers Association
Reinforcing Services, Markle, IN
Solar Systems of Indiana, Bloomington, IN
SPI Industries, South Bend, IN
Spirax Sarco, Inc
Sun Rise Solar, St. John, IN
Sun Wind Power Inc., Floyds Knobs, IN
Sunvention, Greencastle, IN
US Green Building Council – Indiana Chapter
USA Solar & Wind Inc.
If you agree with us, please send your own letter to Sen. Richard Lugar.