E2: “Modest – but smart – step back in the right direction.”
WASHINGTON – House Republicans introduced legislation that would reinstate tax credits for clean energy and energy efficiency that were struck down by Congress a year ago.
Following is a statement from BOB KEEFE, E2 Executive Director
“Amid soaring electricity costs and tens of billions in clean energy projects getting cancelled and delayed across the country, this is a modest – but smart – step back in the right direction.
“Lawmakers on either side of the political aisle are beginning to realize that there shouldn’t be anything political or partisan about cheaper energy, more efficient homes, and the jobs, investments, and energy security that comes with building more clean energy.”
The “American Energy Dominance Act” would resurrect and extend tax deductions and credits for commercial and residential energy efficiency investments; remove some barriers for tax credits for businesses that invest in or produce clean energy and extend credits for clean hydrogen production.
The legislation was introduced by Republican Reps. Brian Fitzpatrick (PA-1), Mike Lawler (NY-17), Max Miller (OH-7) and Mike Carey (OH-15).
MORE BACKGROUND:
- Clean Economy Works (E2 monthly clean energy project tracker)
- Clean Jobs America (E2 annual clean energy jobs tracker)
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E2 is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and managed more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on X/Twitter at @e2org and Bluesky at @e2.org.