Calling it a huge incentive tied to Texas jobs and economic prosperity, James D. Steffes, CEO of Circular Energy, included his signature on a letter to Texas Senator John Cornyn concerning extending the 30% Investment Tax Credit (ITC) for commercial and residential solar users.

According to the Solar Energy Industries Association, average electricity rates have increased more than 20 percent in 10 years for commercial users, moving from $0.08/kWh to more than $0.10/kWh. Businesses in Texas are turning to solar power as a source of low-cost energy, and as a means to help them reduce fixed costs.