Washington, DC (PRWEB) November 13, 2014
Calling it an issue of tax fairness, as well as a matter of importance to the U.S. economy, the Solar Energy Industries Association (SEIA) today offered its support to efforts by a broad coalition of fuel cell, microturbine and heat and power companies, as well as many leading business organizations, to include a “commence construction” provision in Section 48 of the U.S. tax code to provide much-needed market certainty.
“Clean energy projects often require multi-year development timelines,” said SEIA President and CEO Rhone Resch. “The commence construction provision provided for in the American Taxpayer Relief Act of 2012 (ATRA) should apply to all Section 45 and Section 48 clean energy incentives – regardless of technology. Compared to a rigid placed-in-service date, a commence construction standard provides added certainty and flexibility that will allow more clean energy projects across America to move forward, benefiting both our economy and the environment. We strongly urge Congress to extend commence construction to all Section 48 technologies as part of any tax extenders bill taken up this year.”