NGA calls on congress to extend energy tax credits

All fifty governors signed on to a National Governor's Association letter asking congress to extend the renewable energy tax credits. The letter urges Congress to "extend, for at least five years, tax provisions that encourage the development of renewable energy sources and promote energy efficiency."

The letter also encouraged Congress to "continue to develop incentives for programs that help families and businesses use energy-efficient building techniques, materials, and equipment readily available in today's market. Extending incentives for energy efficiency and conservation will slow the growth of future energy needs, minimize ratepayer costs, and lessen potential environmental impacts"

The tax credits are a critical component in sustaining the renewable energy industry. Bart Ruth, policy committee chair of the 25x'25 National Steering Committee said, "The policies currently in place to develop and nurture non-fossil fuel based energy sources have been short term and in many cases intermittent. Such on-again, off-again policies have made long-term investment in new technologies and interest in renewable energy difficult to maintain," The full letter can be found here.