Alliance to Save Energy Praises Tax Incentives for Energy Efficiency

Release Date: Wednesday, April 2, 2003

Statement of Alliance to Save Energy President David M. Nemtzow

"With the nation at war and our economic future uncertain, the Alliance to Save Energy commends the Senate Finance Committee for today adopting several provisions to promote the market for energy-efficient products. We wish the Finance Committee had done more for energy efficiency – which is the quickest, cleanest, cheapest way to save energy, protect the environment, and reduce oil imports – and we will work with Committee leaders to improve the bill when it reaches the Senate floor.

"By approving a package of tax incentives for highly efficient homes (new and existing), cars and light trucks, appliances, commercial buildings, advanced meters, and other products, the committee takes an important step.

"Unfortunately, the leadership of the House Ways and Means Committee is moving in the opposite direction. On the eve of Committee markup, they have put forward a proposal that – while strengthening the tax credits for efficient homes – eliminates the incentives for efficient appliances and commercial buildings. Most troubling, the new House proposal would greatly weaken the provision for highly efficient cars and light trucks, thereby gutting the most important tax incentive for reducing oil imports."