WASHINGTON, D.C., February 5, 2021 — Today, national business group Advanced Energy Economy (AEE) urged the Biden administration and U.S. Congressional leaders to adopt stable, long-term tax policies for critical advanced energy and clean transportation incentives. AEE signed on a joint letter supported by 45 industry and environmental groups calling on the new administration to promote workforce development, support strong labor standards, and spur domestic manufacturing in the earliest possible legislative vehicle this Congress. Nat Kreamer, CEO of AEE, commented on how to add flexibility for advanced energy tax credits:
"With a few simple tweaks, Congress can make existing advanced energy tax credits more flexible and more effective at a time when the economy needs a boost," said Kreamer. "Specifically, policymakers should make existing tax credits refundable and available in advance in order to spur development by smaller businesses that do not have access to Wall Street and ensure that the full value of the credits go to project development and job creation. They should also expand these credits to capture all advanced energy technologies, including storage and transmission. This is a no-lose proposition for advancing our nation's economic recovery, tapping fast-growing jobs opportunities, and shifting to cleaner, more affordable energy resources."
To read AEE's complete stimulus priorities click here.