US Energy Group Scores Congress' Clean Energy Commitment
October 8, 2003
Washington, DC: Today, the Business Council for Sustainable Energy (BCSE) released a scorecard listing the key clean energy tax incentives that were passed by either the House or Senate or by both. These provisions are being debated by the conference committee on H.R. 6, The Energy Policy Act of 2003.
"By including these tax provisions in the final legislation, the conference committee will be advancing clean energy technology development and production,"said Michael Marvin, BCSE President. "Through the scorecard, we will be able to rate Congress' commitment to providing consumers a diverse mix of clean, cost-competitive energy choices."
Clean Energy Tax Incentives Scorecard
- Consumer incentives to purchase solar photovoltaic panels or qualified solar water heaters
- Manufacturing and consumer credits to encourage production and purchase of high-efficiency clothes washers and refrigerators
- Extension of the production tax credit for wind energy
- Expansion of the production tax credit to include solar and geothermal generation Manufacturer and consumer incentives for the production and purchase of new and remodeled energy-efficient homes
- Credit for combined heat and power systems
- Shortening the depreciation schedule for natural gas gathering and distribution lines Investment tax credit for consumers and businesses for the purchase of fuel cells
"Here is Congress's chance to make it onto the BCSE Dean's List,"said Marvin. "Let's hope they pass with flying colors.
"The Business Council for Sustainable Energy is a coalition of companies and industry trade associations dedicated to promoting economic, environmental and energy independence objectives within the U.S. and internationally. The BCSE supports technological responses to environmental issues, implementation of cost-effective programs and policies that recognize the environmental attributes of energy sources and reduced reliance on imported fuels. Sister organizations have been formed in the European Union (e5 in 1996), United Kingdom (UKBCSE in 2001) and in Australia (ABCSE in 2002).