The Alliance for Industrial Efficiency submitted a letter to Chairman Baucus and Ranking Member Grassley of the Senate Finance committee, urging Congress to pass the bipartisan S. 1639 (Sens. Bingaman and Snowe), H.R. 4455 (Reps. Thompson and Linder), and Rep. Inslee’s H.R. 4144, which would remove the Investment Tax Credit’s limitation to smaller projects by applying it to a project’s first 25 megawatts. The letter also asked that Congress pass Rep. Tonko’s H.R. 4751, which would provide a 30-percent investment tax credit for highly efficient combined heat and power projects (those with efficiencies above 70 percent) and recycled energy.
To read the entire letter, please click here.