12 Dec '12, 4pm

Our ED Steven Nadel is testifying to the Sen Finance cmt on the success of targeted #energyefficiency tax incentives:

Washington, D.C. —Well-targeted energy efficiency tax incentives will result in significant energy savings and will get more energy-efficient products into the market faster, according to Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, who testified before the U.S. Senate Finance Committee today. The Senate hearing focused on appropriate uses of the federal tax code for promoting investments in energy efficiency, particularly in the context of emerging discussions on tax reform. Nadel provided the results of an ACEEE analysis which found that a five-year federal tax credit for several high-efficiency products and services cost the government less than one-tenth the cost of the energy resources saved over a 15-year period. According to ACEEE, the options with the “most bang per buck” are tax incentives for commercial buildings (both...

Full article: http://www.aceee.org/press/2012/12/targeted-energy-effici...

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