Renewable Trade Association Letter to Senate Urging Extension and Expansion of Renewable Energy Tax Credits

On behalf of our thousands of member companies and more than half a million Americans working in our industries, we urge the Congress to extend the production tax credit (PTC) and the investment tax credit (ITC) [in Sections 45, 48 and 25D of the Internal Revenue Code], with a commence construction eligibility standard for both tax credits. Moreover, under any given tax incentive structure, there should be parity in the tax code between technologies. This would mean updating the tax code to ensure that technologies receive comparable incentives rates and equal accessibility within any given tax incentive structure.

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