Strategic Tax Credits to Decarbonize Buildings

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Dear Chairman Wyden, Chairman Neal, Ranking Member Crapo, Ranking Member Brady,

Thank you for your leadership and hard work to develop and advance the Clean Energy for America Act and the GREEN Act. Utilizing tax credits to jump start the decarbonization of our economy has a proven track record. However the current provisions in the tax code and modifications discussed to date simply do not incentivize the scale of energy savings and reductions in climate and health-damaging pollution in new and existing buildings that are necessary. Additionally the existing energy efficiency tax credits and deductions often cannot be utilized at federally-supported low income housing and by low income households, leaving out those most in need.

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