Democrats press for renewal of PTC, 1603 incentives

12/8/2011 | Hill, The

Thirty-four Democratic senators wrote a letter to Senate leadership calling for an extension of several renewable-energy tax incentives, including the Production Tax Credit and the Treasury Department's Section 1603 investment tax credit. The Treasury program "has leveraged nearly $23 billion in private-sector investment for 22,000 projects in every state and across a dozen clean energy industries, including solar, wind, biomass, fuel cell, combined heat-and-power and hydropower projects," the senators wrote. Eighty-eight Democrats in the House of Representatives called on the chamber's leaders to renew the program.

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Hill, The

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