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Senator Ron Wyden Introduces Clean Energy Tax Incentives

Tuesday, September 22, 2015

 

Senator Ron Wyden recently issued a new proposal that incorporates clean energy incentives and new technologies in order to reduce carbon pollution within the next decade.  

Wyden revealed new tax incentives at a recent conference that would reform the tax code in an effort to reach the goal of cutting carbon pollution down to what it once was prior to 2005. The new tax incentive will also help create millions of jobs centered in the clean energy sector. 

“This bill is built around the proposition that the law ought to reward clean energy with incentives that spark innovation in the private economy,” Wyden said. “Our proposal makes it possible to get more clean, renewable energy for less money.”

Part of Wyden’s tax incentives include using technology-neutral tax credits for the production of clean electricity and fuel. Additionally, energy efficient private residence will receive performance-based tax credits, while energy efficient commercial buildings will receive a tax deduction. 

Essentially, the more energy saved, the larger the tax incentive. 

 

Related Slideshow: Top 10 Most Energy Efficient Electric Utility Companies

Portland General Electric makes the list at number 7.

Prev Next

#10.

National Grid 

Headquartered in London, UK, but serves the greater New England area 

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#9.

OGE

Oklahoma City, Oklahoma 

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#8.

Northeast Utilities 

Hartford, Connecticut 

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#7.

PGE

Portland, Oregon

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#6.

Berkshire Hathaway

Omaha, Nebraska

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#5.

Edison International

Rosemead, California

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#4.

Sempra Energy

San Diego, California 

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#3.

PG&E

San Fransisco, California 

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#2.

Xcel Energy

Minneapolis, Minnesota 

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#1.

NV Energy

Las Vegas, Nevada

 
 

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