NHA Issues Statement in Support of the Clean Energy for America Act
Washington, D.C. (May 2, 2019) – The following is a statement from Linda Church Ciocci, President and CEO of the National Hydropower Association, on the Clean Energy for America Act. The bill, introduced by U.S. Senator Ron Wyden (D-OR), provides technology-neutral tax credits for domestic production of clean electricity.
“The National Hydropower Association applauds Sen. Wyden for his leadership in introducing the Clean Energy for America Act and believes several provisions in this bill would jumpstart the deployment of hydropower, marine energy and pumped storage projects throughout the country.
“In particular, NHA supports the creation of long-term technology-neutral tax credits under which hydropower resources would be able to claim full benefit. In addition, the inclusion of an investment tax credit for new pumped storage projects, along with other energy storage technologies, is an important feature of the bill. Finally, NHA is also pleased to see that the bill includes a tax credit bond proposal so that state, local and tribal governments, along with public power providers and rural cooperatives, will also be able to access an incentive that will enable greater project deployment.
“The hydropower industry has long-argued that certainty and clarity in tax policy is needed to accommodate the much longer development lead times for the projects in our sector. Providing tax policies that address these issues and that fix the inequities under current policies will allow the industry to realize its full growth potential and ensure more reliable, renewable energy is brought online to power our homes and businesses.”