ACORE Statement on Senate Reconciliation Draft

The American Council on Renewable Energy (ACORE) issued the following statement from ACORE President and CEO Ray Longafter the Senate Finance Committee released draft legislative text as part of the Congressional budget reconciliation process:

“The Senate Finance Committee proposal is a premature rollback of solar and wind tax credits. This draft is a major setback to American energy dominance, and risks jeopardizing billions of private investments that are currently benefiting communities throughout the country. This represents a retreat from the certainty and scope the market needs to make the energy investments needed to meet escalating electricity demand. Without changes, this bill will increase energy prices for consumers, threaten thousands of good-paying jobs, and all but guarantees we forfeit the AI race to China. Congress has a narrow window to get this right. We urge lawmakers finalize a bill that utilizes all energy technologies, and honors existing pro-growth policies essential for strengthening American competitiveness.”

ACORE | http://www.acore.org