Alliance set to work with policymakers, energy community to ease rising energy cost after budget reconciliation passage
WASHINGTON, DC – RealEstateRama – Following is a statement by Paula Glover, president and CEO of the Alliance to Save Energy on the budget reconciliation bill passed by the House and sent to President Trump today.
“As sent to President Trump, the budget reconciliation plan is a setback for efforts to reduce energy waste, lower energy bills and provide reliable energy to all Americans.
“But we cannot look back. Rest assured, we will be working to educate policymakers about the value of energy efficiency in addressing many of the challenges that face our energy system today.
“Reducing energy waste is not controversial. The Energy Efficient Home Improvement Credit (25C), the New Energy Efficient Home Credit (45L) and the Energy Efficient Commercial Buildings Deduction (179D) are inexpensive policies that offer payback many times higher than the cost.
“Looking forward, we will emphasize the value of restoring pro-efficiency policies. And we will create innovative ways to make our energy resources stretch further and ease growing pressure on the power grid. Pro efficiency policies, and innovation can help President Trump meet his pledge to cut energy bills by 50%.
“The Section 25C incentive generates $2.1 billion in tax relief a year and supports 240,000 American jobs. ?Every $1 in 25C tax benefit supports $10 in consumer investment in efficient appliances and homes. This is but one example of what efficiency can achieve for Americans.
“Energy efficiency also supports American manufacturers, American energy dominance, American innovation and American communities.
“The Alliance to Save Energy will be at the forefront of a new American effort to innovate, to mitigate cost increases and to partner with anyone who will help create a smarter, more efficient and more accessible energy system.”
ABOUT THE ALLIANCE TO SAVE ENERGY
The Alliance to Save Energy is a leading nonprofit, bipartisan coalition of manufacturers, utilities, technology companies, environmental advocates, and governmental leaders who are committed to advancing the role of energy efficiency in U.S. energy policy, and valuing its contribution to energy affordability, grid reliability, emissions reductions, and energy security.
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