Tax Credits Important in Spurring Renewable Energy Use and Production (Rep. Jerry McNerney)

After spending 20 years working in the renewable energy field I know firsthand how important growth and investment tax credits have been in spurring renewable energy use and production.

These tax credits helped turn a once fledgling portion of the energy sector into a major player. Wind energy is now one of the most cost-effective and viable options for power production, and solar energy continues to come down in price.

I worked hard to include provision for extending the production tax credit for wind and the investment tax credit for solar in H.R. 5351. I’m proud that the House acted to prevent a setback of recent gains by shutting off support for these burgeoning technologies.