Showing posts with label H.R. 5351. Show all posts
Showing posts with label H.R. 5351. Show all posts

Thursday, April 3, 2008

Business & Environmental Groups Urge Sen. Lugar to Support Tax Incentives for Renewable Energy

3 April 2008

SENT VIA E-MAIL

The Honorable Richard Lugar
U.S. Senate
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.

Sincerely,


Laura Ann Arnold, President
Indiana Renewable Energy Association

3M
AIA Indiana Chapter
American Council for an Energy-Efficient Economy
American Solar Energy Society
BOSCH
Bright Idea Energy Services, Evansville, IN
Dow Chemical Company
Duke Energy
ECI Wind & Solar, Fairmount, IN
Green Way Supply, Indianapolis, IN
Home & Mobile Energy, Middlebury, IN
Hoosier Chapter of the Sierra Club
Hoosier Environmental Council
Horizon Wind
Indiana Wildlife Federation
Indy Solar Works, LLC, Indianapolis, IN
Inovateus Development, South Bend, IN
Inverde, Fishers, IN
Johnson Controls
Kyocera
Macy's
Morton Energy, Evansville, IN
National Association of State Energy Officials
National Small Business Association
Oerlikon
Polyisocyanurate Insulation Manufacturers Association
PPG Industries
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.
WaterFurnace

If you agree with us, please send your own letter to Sen. Richard Lugar.
senator.lugar@lugar.senate.gov

Thursday, February 28, 2008

Solar Nation: Renewable Energy Bill Passes U.S. House

This report from Solar Nation. See http://www.solar-nation.org/.

Funding will be an Issue for the U.S. Senate

Thousands of solar citizens sent messages to their U.S. representatives in the last few days to urge support for the House bill that would create tax credits for renewable energy.

Here's what happened:

A few minutes ago (late afternoon on 02/27/08), the U.S. House of Representatives passed the Renewable Energy and Energy Conservation Tax of 2008 (H.R. 5351). The final vote was 236 - 182 with 11 members of the House not voting, and was largely split along party lines.

See http://clerk.house.gov/evs/2008/roll084.xml

In a joint statement, Speaker Pelosi, House Majority Leader Hoyer and sponsor of the bill Rangel said: "The bill extends and expands tax incentives for renewable electricity, energy and fuel, as well as for hybrid cars, and energy efficient homes, buildings, and appliances. It does not add to our deficit, but rather repeals $18 billion in tax subsidies for Big Oil companies."

"The bill extends and expands tax incentives for renewable electricity, energy and fuel, as well as for hybrid cars, and energy efficient homes, buildings, and appliances," the Democratic leaders' statement continued. "It does not add to our deficit, but rather repeals $18 billion in tax subsidies for Big Oil companies. By strengthening our renewable energy sector, the bill will help create the next generation of good-paying, green collar jobs and bring down energy prices in the long term.”

House Democrats spoke out in favor of the bill, saying that it will help push the U.S. toward energy independence. On the other side of the aisle, House Republicans spoke out against it on the grounds that it would do nothing more than single out America's domestic oil industry with higher taxes that will hurt the economy and the pocket books of consumers.

H.R. 5351 will increase investment in renewable energy and energy efficiency and will pay for that investment by repealing unnecessary tax breaks to traditional energy companies. It is similar to the Renewable Energy and Energy Conservation Tax Act (H.R. 2776) that passed the House as part of a bipartisan energy package in August 2007 but was stripped in order for the package to pass in the Senate.

The Bush Administration has already issued a letter indicating that the president will veto a bill that rolls back tax breaks for the oil and gas industry, so all eyes are now on the Senate, to see whether the Finance Committee can find less objectionable sources of revenue.

U.S. House Passes Renewable Energy Bill

STATEMENT BY RHONE RESCH WITH SEIA ON HOUSE PASSAGE OF RENEWABLE ENERGY BILL, H.R. 5351

U.S. House Hits a Home Run for Solar and Other Renewable Energy; U.S. Senate is Up to Bat

"With opening day for ballplayers only 33 days away, the U.S. House of Representatives stepped up and hit a home run for consumers by passing an energy bill that shifts our economy towards production of clean, reliable, domestic renewable energy. Citizens and business leaders across the country are calling out for change and today Congress listened. This legislation is supported by hundreds of the top U.S. corporations, utilities, environmental groups, labor, and public health groups in the U.S. These leaders, including The Home Depot, Wal-Mart Stores, Best Buy Co., Target, Florida Power and Light, Pacific Gas & Electric, Physicians for Social Responsibility, National Resources Defense Council, and the United Steelworkers have come together to support passage of this historic legislation.

"The incentives in this legislation will greatly expand the use of solar energy, and we estimate solar power will provide 50 percent of all new electricity generated in the U.S. within eight years. During this growth, the solar energy industry will become an economic engine, creating tens of thousands of high-tech jobs and billions in investment throughout the nation. It will also help our country achieve national energy security and save American taxpayers billions in energy costs.

"Now, the Senate is up to bat and we are cheering in the stands. It's up to Senate leaders to step up to the plate and find a workable path to pass this important bill. They must decide if they stand with the 85 percent of Americans who want clean energy and a more secure America or if they will maintain the status quo. It’s time for the Senate to listen to business leaders and the American public and pass legislation that creates a market for solar energy in the U.S."

###See Feb. 26 Coalition Letter: http://www.seia.org/HR5351StakeholdersSupportLtr.pdf

Summary of Renewable Energy Bill, H.R. 5351:
http://www.seia.org/HouseEnergyTaxBillSummary2-12-08.pdf

Full Text of Bill, H.R. 5351:
http://www.seia.org/HouseEnergyBillText2-12-08.pdf

SEIA Press Contact: Monique Hanis 202.682.0556, ext. 4202.236.8220 cell
Solar Energy Industries Association (SEIA) is the national trade association of solar energy manufacturers, dealers, distributors, contractors, installers, architects, consultants and marketers. Established in 1974, SEIA works to expand the use of solar technologies in the global marketplace, strengthen research and development, remove market barriers, and improve education and outreach for solar.

To see how your Member of Congress voted see:
http://clerk.house.gov/evs/2008/roll084.xml

The Indiana Congressional Delegation voted as follows:

Voting "YES" were: Donnelly, Ellsworth, Hill and Viscloskey.

Voting "NO" were: Buyer, Burton, Pence and Souder.