Contact Rep. Todd Young to Extend Clean Energy Technology Tax Incentives

Posted by Laura Arnold  /   June 23, 2016  /   Posted in cogeneration/CHP, Federal energy legislation, geothermal, Uncategorized  /   No Comments

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Please find below a suggested sample letter to send to Congressman Todd Young. Even if Young is not your Member of Congress, please consider sending him a message since he is now also the Indiana Republican candidate for the U.S. Senate.

Here is a link to his Congressional offices: https://toddyoung.house.gov/office-locations-and-hours/

 

Dear Congressman Todd Young:

I am writing to request your support for legislation extending the Sec. 48 and 25D tax incentives for clean energy technologies and to ask that you work to include these provisions in the next possible legislative vehicle.

H.R. 2029, the Consolidated Appropriations Act, 2016, extended and gradually ramped down the Sec. 48 business investment tax credit (ITC) and Sec. 25D residential tax incentive for solar while also allowing projects to qualify so long as they have commenced construction before the deadline. While these changes are important, we are concerned that other technologies that currently access these credits—such as: combined heat and power (CHP), microturbines, fuel cells, small wind, and geothermal—will be disadvantaged if not provided equitable long-term certainty regarding tax incentives.

 

  • Please consider cosponsoring H.R. 5167, the Technologies for Energy Security Act, bipartisan legislation recently introduced by Representatives Tom Reed (R-NY), Mike Thompson (D-CA), Pat Meehan (R-PA), and Earl Blumenauer (D-OR). This bill would extend Sec. 48 and 25D for all technologies left out of H.R. 2029, and gradually ramp down the incentives for those technologies that are eligible for a credit of 30 percent of the capital costs of equipment.

 

  • In addition, as a member of the House Ways and Means Committee, please do everything possible to include an extension of the ITC in the next available tax vehicle.

 

  • Finally, I hope you will support clarifying the existing ITC to add waste heat to power as a qualifying technology. Waste heat to power (WHP) captures exhaust from industrial processes and uses it to generate electricity with no additional combustion and no additional The Senate Finance Committee approved bipartisan legislation last year (S. 913) that would add WHP as a qualifying technology to the ITC; however, this provision was left out of the final agreement in December.

All clean and efficient energy technologies should be treated fairly. A deal that includes an across-the-board ITC extension needs to come together soon in order to give businesses the certainty needed to begin planning projects that take years to complete.

Thank you in advance for your consideration.

Sincerely,

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