Senate Finance Committee Chairman Wyden has officially begun consideration of legislation to reinstate a suite of tax credits that big polluters and their allies succeeded in getting Congress to let expire, including vital, commonsense policies that promote clean energy.
These tax credits grow the economy by cutting pollution and their absence in the committee’s initial bill draft belies the broad, bipartisan support renewable and energy efficiency continue to attract. As final legislation takes shape, Congress should remain clear just what is at stake: clean energy is central to meeting our obligation to defend the next generation from the dangerous pollution that threatens our climate, health, and economy.
Below is a list of the clean energy credits that are applicable to geothermal energy that Congress must ensure are included in any final package:
- The Renewable Electricity Production Tax Credit (PTC) offers a per-kilowatt-hour tax credit for electricity generated by qualified energy resources, including wind and geothermal.
- The Business Energy Investment Tax Credit (ITC)
