ERC Asks the President to Support Renewable Tax Credit Changes

The Energy Recovery Council joined with other renewable trade associations in sending a letter to President Obama asking him to support legislation that would allow renewable projects that have "begun construction" prior to the placed in service date to qualify for the Section 45 renewable energy production tax credit.  Many renewable power projects are unable to move forward because developers and investors are concerned that those projects cannot be completed before the renewable electricity production credit expires.  This is particularly true in the case of waste-to-energy,  biomass, hydropower, and geothermal facilities, which have longer development, permitting and construction timelines than wind energy facilities. Legislation that will allow renewable projects to go forward based on when construction begins is a major policy improvement that will allow many more clean energy projects to move forward during the statutory duration of the Section 45 Production Tax Credit.