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Renewable Energy Vision
Expert analysis on the most pressing issues facing the renewable energy sector in the U.S and abroad from ACORE staff, members and supporters.

Ensuring Renewable Energy Investment and Growth in Tax Reform

Published on 06 Dec 2017  |   Written by    |  

With the Senate version of the Tax Cuts and Jobs Act (H.R. 1) passing on December 2, we’re now in the midst of House-Senate Conference for resolution of the differences between the two bills. The differences are quite significant, which suggests an intensive and difficult negotiation over the next number of days as they seek to agree on a final bill that must be approved by both chambers before heading to the President’s desk.

As we’ve stated before, both the Senate and House versions of Tax Cuts and Jobs Act contain provisions that would undermine the investment tools that have been critical to the growth of America’s burgeoning renewable energy economy.

Today we’re publishing a brief paper outlining the provisions of concern to renewable energy in the House and Senate Bills, and suggesting repairs that can keep the sector growing.  The key provisions include a direct assault on renewable tax credits in the House bill, and the Alternative Minimum Tax and Base Erosion Anti-abuse Tax (BEAT) provisions in the Senate Bill. To download this overview, click here.

If you care about renewable energy, please urge your Senators and Member of Congress to fight for renewable energy in tax reform.

Gregory Wetstone

Gregory Wetstone is President and Chief Executive Officer of the American Council for Renewable Energy (ACORE).  ACORE is a national nonprofit organization dedicated to advancing renewable energy through finance, policy, and market development.  With member companies from across the spectrum of renewable energy technologies and close ties to the renewable energy finance sector, ACORE is the preeminent voice for the nation’s renewable energy industry.    

Greg has written and spoken widely on energy and environmental issues.  His writings have appeared in the New York Times, The Washington Post, the Atlanta Constitution, the Miami Herald, the San Francisco Chronicle, the San Diego Union Tribune and other newspapers and magazines across the nation. Greg’s has appeared on the ABC Nightly News, the Newshour with Jim Lehrer, NBC World News Tonight, CNN, and National Public Radio.  He has a J.D. from the Duke University School of Law and a B.S. in biology from Florida State University.

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