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Public Statements

Grassley Advances Consideration of Renewable Energy Tax Incentives

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Date:
Location: Washington, DC


GRASSLEY ADVANCES CONSIDERATION OF RENEWABLE ENERGY TAX INCENTIVES

Sen. Chuck Grassley, ranking member of the Committee on Finance, today advanced the consideration of the extension of key tax incentives for the production of energy from renewable sources. Grassley, a long-time champion of renewable energy, raised the extensions in an economic stimulus package being given committee consideration this afternoon.

"Renewable energy production depends on investment," Grassley said. "Investors need certainty. They won't put their money out for a wind energy facility unless there's a reasonable expectation that tax incentives will continue into the future. For energy needs and for economic growth, we need to continue renewable energy provisions without interruption. Production has to meet demand and alternative energy has never been in such demand as it is right now. The high price of oil helped to start the economic downturn. The stimulus package should underscore the nation's commitment to energy efficiency and alternative energy."

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