The Alliance joined dozens of associations representing a broad array of interests to call for an extension of the Section 48 and Section 25D Investment Tax Credit (ITC).
The ITC is the umbrella term for the Section 25D and 48 tax credit that covers renewable energy technologies like combined heat and power, micro-turbines, solar energy, geothermal, fuel cells, and distributed wind energy. Since it was passed in 2005 by a Republican-led Congress, the federal ITC has been a critical innovation policy creating hundreds of thousands of jobs, lowering electricity prices for families and businesses, reducing carbon emissions, and maintaining America’s competitive edge in emerging energy technologies.
The full letter is available here.