U.S. Reps. introduce bill to allow transferability of PTC, ITC #USA

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U.S. Reps. Earl Blumenauer, D-Ore., and Darin LaHood, R-Ill., have introduced a bipartisan bill that would make renewable energy tax credits transferable. During the past 20 years, the production tax credit (PTC) and investment tax credit (ITC) have “massively expanded” the development of renewable energy across the U.S., explain the lawmakers, who are members of the House Ways and Means Committee. However, as Congress phases out these credits, the complexity of the credit has challenged the renewable industry in financing . . .

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