Letter sent to all members of Congress across Horizon Power’s territory on October 27, 2017:
Horizon Power Systems is the exclusive distributor among 13 states – including Wyoming — of low-emission Capstone Microturbines, an advanced, energy-saving power technology that is eligible for a clean-energy Investment Tax Credit (ITC) that inadvertently expired in 2016.
I am writing to urge you to support the inclusion of clean-energy tax credit language (S.B. 1409 & H.B. 1090) ) in tax reform proposals. The bill retroactively extends the Investment Tax Credit for microturbines, combined heat and power, fuel cells, small wind and thermal energy through 2021.
For over eight years, the ITC has helped hospitals, manufacturers, universities, data centers and other facilities secure clean-and-green microturbines as part of Combined Heat & Power (CHP) systems. Microturbines and CHP dramatically cut a business’s energy costs and greenhouse gas emissions.
American-made Capstone Microturbines create electricity and capture the microturbine’s waste heat to heat and cool buildings. Microturbines in CHP systems:
Unfortunately, the tax credit expired last year. Since 2008, this tax code has included a modest 10% ITC for CHP projects that are less than 25 megawatts and include microturbines, among other technologies.
To encourage use of CHP, the Administration should defend and extend tax incentives for CHP through legislation that would amend the tax code in the following ways:
“Must Pass” Legislation
CHP is well regarded because it complies with many federal and state air quality regulations. However, the initial capital cost of a CHP project can be a barrier, whether power comes from a microturbine, fuel cell, geothermal, small wind or thermal system. This legislation is “must pass”. Our country needs ITC to assist with financing. Without it, we could see:
Horizon Power Systems requests that you support inclusion of tax credit language (S.B. 1409 & H.B. 1090) ) in the tax reform package. Your support will make American manufacturing more competitive and create new business opportunities and jobs. Without it, key resources that support energy efficiency could be eliminated.