As part of its ongoing efforts to make solar cost competitive with other forms of electricity, the Department of Energy’s (DOE) SunShot Initiative announced today that it will provide $32 million in new funding opportunities to help spur additional solar development nationwide.
News tagged Finance & Tax
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Saying it will provide a big boost to the U.S. economy, while also helping to fight pollution and climate change, the Solar Energy Industries Association (SEIA) announced its support today for legislation by Rep. Mike Thompson (CA-5) to extend the Investment Tax Credit (ITC) for both residential and commercial solar installations.
A new study released today by the Stanford Graduate School of Business predicts that the U.S. solar industry is “headed for a cliff” if the solar Investment Tax Credit (ITC) is not extended. Even though the report touts the solar industry’s “dramatic growth,” it called for a phase down of the ITC without any examination of the current and past tax treatments of established energy sources. Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), called that omission a “fatal flaw” which ignores how Congress has used the U.S. Tax Code over the past century to encourage the increased production of oil, gas, coal and even nuclear power, making it difficult for solar and other renewable energy sources to compete in the marketplace without incentives.
New York Gov. Andrew Cuomo today signed into law the state’s 2015-2016 fiscal year budget, which includes a sales tax exemption on electricity generated and sold from customer-sited solar systems.
WASHINGTON, DC - Growing at an annual rate of more than 20 percent – far outpacing the growth of the overall U.S. economy, a new report released today shows that the U.S. solar industry added more than 31,000 jobs in 2014, bringing total employment in the sector to 173,807 workers. The results were released by The Solar Foundation (TSF), a widely-respected, non-profit organization.
WASHINGTON, DC - Calling it an issue of tax fairness, as well as a matter of importance to the U.S. economy, the Solar Energy Industries Association (SEIA) today offered its support to efforts by a broad coalition of fuel cell, microturbine and combined heat and power companies, as well as many leading business organizations, to include a “commence construction” provision in Section 48 of the U.S.
California Gov. Jerry Brown signed a comprehensive state budget today, which included a provision that extends the existing solar property tax exclusion until January 1, 2025. Afterward, Solar Energy Industries Association (SEIA) president and CEO Rhone Resch released the following statement:
Saying it will help consumers and support continued investment in residential and commercial solar, the Solar Energy Industries Association (SEIA) and the New York Solar Energy Industries Association (NYSEIA) today commended the New York State legislature for passing a property tax exemption extension. The bill, which will now be sent to Gov. Cuomo for signature, extends the property tax exemption for distributed generation systems on homes and businesses until 2025.
Calling it “a huge step backward,” Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), said President Obama’s 2015 fiscal year budget, which was unveiled today, would severely damage the U.S. solar industry by eliminating the Investment Tax Credit (ITC) and replacing it with a refundable Production Tax Credit (PTC) at the end of 2016.
Calling it “critically important,” the Solar Energy Industries Association (SEIA) is applauding “commence construction” legislation introduced today by Sen. Michael Bennet (D-CO) and Sen. Dean Heller (R-NV). Their bipartisan legislation would allow America’s solar energy companies to make full and effective use of the Investment Tax Credit (ITC).