WASHINGTON, DC – Today, national business group Advanced Energy United released a statement in response to newly proposed U.S. Treasury Department guidance about how energy projects can qualify for federal incentives. Heather O'Neill, President & CEO at Advanced Energy United, released the following statement:
“At a time when we need energy abundance, these rules create new federal red tape. They eliminate long-standing precedent for how companies demonstrate they’ve begun project development. These rules will make it more difficult and expensive to build and finance critical energy projects in the U.S. that are needed to power homes, small businesses, and new manufacturing and industry dependent on reliable and affordable energy.
While our industry responds to these changes, governors and state leaders must take urgent action to help already-proposed projects make it across the finish line. With energy demands set to soar and jobs at risk, states across the country should take executive action to speed up project procurement, siting, and permitting approvals while longer-term reforms are made. Consumers will be hit with higher energy bills and a less reliable grid unless state leaders prioritize bringing low-cost, ready-to-build clean energy online as fast as possible.”