As reported recently by The Hill, Environmental Protection Agency Administrator Scott Pruitt thinks the solar investment tax credit and wind production tax credit should be eliminated.
Speaking at an event in Kentucky, Pruitt said “I would do away with these incentives that we give to wind and solar…I’d let them stand on their own and compete against coal and natural gas and other sources, and let utilities make real-time market decisions on those types of things as opposed to being propped up by tax incentives and other types of credits that occur, both in the federal level and state level."
In a follow-up response letter published in the Oct. 17 print edition of the The Hill, I offered the following response on behalf of the renewables industry:
Originally published in the National Journal's Energy Experts Blog
By Vice Admiral Dennis McGinn
President of the American Council On Renewable Energy
It is important to address our country’s fiscal issues by promoting economic productivity in the short term while reducing the deficit over the long term as I mentioned in my last week’s Energy Experts blog post. It’s fundamental to an overall healthy economy to extend key tax credits that create American jobs and generate private investment, and the PTC is one of the important tax credit programs.
July 29 -- Looking for a fun diversion on a sunny summer afternoon? If you live in Boston, check out the city’s online solar map, which shows the solar power projects, large and small, that have been installed throughout the city. You’ll be astonished, as I was, to see how many of your workaday neighbors have gone solar — and not just in the city’s urban hipster quarters. The Renew Boston website includes an interactive tool that lets you estimate how much solar potential is on your own roof, and how much money (not to mention greenhouse gas and toxic particulate matter) you could save by making the switch. >>View Article
April 10 -- The Iowa Senate has approved tax breaks for electric and natural gas fueling stations and those who install solar panels. >>View Article