Editor’s Take: An amendment to extend renewable energy credits will not move forward with the U.S. Senate-approved Federal Aviation Administration reauthorization bill this week.
The Senate approved the bill and sent it to the U.S. House of Representatives.
Senate Democrats had hoped that the FAA bill could carry renewable energy tax credits that were not included in the omnibus spending bill passed last December, and amendments were introduced to that end.
Among the amendments proposed for inclusion in the FAA bill was Section 48C of the Investment Tax Credit pertaining to biomass, geothermal, and fuel cells. Section 48C allocates a tax credit for the investment in advanced energy manufacturing projects and facilities.
While investment tax credits and the product tax credit for wind and solar were included in the omnibus bill with a phase-out plan, Democrats have since said that the exclusion of other renewable energy technologies was an oversight.
Geothermal Exchange Organization (GEO) President and CEO Doug Dougherty in an April 14 statement expressed his disappointment that the FAA bill will move forward without the amendments.
“GEO is disappointed that Congress did not address the inequity created last December when they granted five-year extensions for commercial and residential solar energy installations through 2021 in the omnibus spending bill, but left out [geothermal heat pumps] and other important technologies like fuel cells, small wind and combined heat and power,” he said.
Dougherty also said that he believes the “battle is not yet lost.”
“Our tax credits are still in force until the end of 2016,” he said. “Congressional leadership remains committed to fixing the problems they created last year, and GEO will make every effort to make equal treatment for our technology a priority during the coming months.”
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