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Reichert Accepts National Endorsements Of Energy Efficiency Legislation At LEED Gold-Certified Bellevue Property

Press Release

Location: Washington, DC

Congressman Dave Reichert (WA-08), a member of the House Ways & Means Committee, today accepted endorsements from both the U.S. Green Building Council (USGBC) and The Real Estate Roundtable of a comprehensive, bipartisan package of energy efficiency tax incentives he has introduced in the U.S. House of Representatives. The endorsements were announced at a press conference today by Bryan Howard with USGBC. Bellevue Mayor Don Davidson and Beacon Capital Partners Vice President McClure Kelly also participated in the press conference that preceded a tour of Bellevue's Key Center, a Beacon Property that recently earned LEED Gold certification.

H.R. 4226, the Expanding Building Efficiency Incentives Act is a bipartisan package of five key tax incentives for energy efficient building that are designed to reduce energy costs for families and businesses, promote innovation and conservation, and create future energy jobs. It expands on companion legislation introduced in the U.S. Senate.

In accepting the endorsements, Reichert has stated: "I'm pleased and honored to accept these endorsements of the Expanding Building Efficiency Incentive Act. I am proud of this collaborative, market-based, bipartisan package of tax incentives to help families and businesses save on energy bills and become smarter energy consumers, while at the same time creating much-needed American jobs. My legislation touches all aspects of energy-efficient building, from the construction of a new home to retrofitting an existing one; from helping commercial properties conserve energy and cut energy costs to assisting consumers seeking assessments of home energy usage. The President has urged Congress to look for ways to promote economic recovery, create jobs and cut costs, and I urge my colleagues in Congress to consider and pass this bill that will help meet those important objectives."

"The Expanding Building Efficiency Incentives Act provides a comprehensive and market approach to promoting efficiency throughout residential and commercial buildings," said Rick Fedrizzi, president, CEO and founding chair of the U.S. Green Building Council. "Key programs such as incentives for energy auditing training solidify a promising new job path for thousands of American workers. Enhancement of tax deductions for energy efficiency means cutting energy costs for American families and businesses, and making buildings more efficient will reduce emissions on a national level. On behalf of the U.S. Green Building Council's 19,000 organizational members and 80 local chapters, we thank Congressman Reichert for his leadership, and commend his efforts to make buildings part of the clean energy economy."

"Congressman Reichert's bill, H.R. 4226, is an important part of a comprehensive approach to modernizing the nation's existing building stock," said Real Estate Roundtable President and CEO Jeffrey DeBoer. "His proposed tax incentives -- coupled with high-efficiency rebates outlined under the Building STAR program -- would create jobs, help small businesses, lower greenhouse gas emissions, and spur investment in the commercial real estate sector. We support Congressman Reichert's proposed solution to creating green jobs by improving energy efficiency in commercial buildings."

"We applaud and support the proposed legislation introduced by Congressman Reichert and other bipartisan members in the U.S. House of Representatives that promotes the construction and retrofitting of more energy efficient buildings," said Fred Seigel, President of Beacon Capital Partners. "As a real estate owner and investor, we understand the critical importance of providing a broad range of rebates and incentives that help commercial landlords make investments in meaningful energy conservation projects."

Additional information on H.R. 4226 is available here and here.

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