CRES Statement on U.S. Treasury Extending Deadlines for Renewable Energy Projects

“At a time when all industries across the U.S. are struggling, the clean energy sector just got a much-needed jolt thanks to the leadership of Senators Grassley (R-IA), Murkowski (R-AK), Thune (R-SD), Collins (R-ME), and Tillis (R-NC) as well as Treasury Secretary Mnuchin. The one-year extension of the safe harbor provisions to claim the investment tax credit (ITC) and production tax credit (PTC) is a strong first step toward recovery for a sector facing mounting construction, development, and job losses. CRES looks forward to working with Congress and the Administration on additional measures benefiting other low-carbon technologies, such as carbon capture, that will help put Americans back to work.”

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