200-Plus Mayors Send Congress Letter Supporting Extension of ITC

Tuesday, October 22, 2019 - 4:00pm

Mayors of 231 cities this week sent a letter to Congress asking for passage of the Renewable Energy Extension Act, which would extend the renewable energy investment tax credit (ITC) for five years. H.R. 3961 and S. 2289 were introduced in Congress earlier this year to extend the ITC, which next year begins a five-year phasedown from a 30 percent credit to a 10 percent credit. Under the legislation, the phasedown wouldn’t start until 2027.