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.
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SEIA is the solar energy industry’s go-to source for the latest coverage on solar power, including U.S. and international policy, research and polls, business and financing trends, and more. Our staff strives to support the media covering solar energy issues and guide our members on effective media outreach with clear statements, background materials, news and multimedia resources.
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The industry's lobbying arm, the Solar Energy Industries Association, is working overtime to keep the incentive — the investment tax credit, or ITC — on the books past 2016, when its current treatment ends.
SunPower Corporation announced that it plans to partner with Apple to build two solar power projects totaling 40 megawatts (MW) in ABA Tibetan and Qiang Autonomous Prefectures, Sichuan Province of the Peoples Republic of China (PRC). When complete, the two projects will be co-owned by Sichuan Shengtian New Energy Development Co., Ltd., SunPower's project development joint venture, and Apple.
U.S. solar energy leaders and representatives of top solar companies from an 8-state area will gather in Atlanta, GA, on May 7-8 at the Marriott Marquis for the inaugural Solar Power Southeast conference, co-sponsored by the Solar Energy Industries Association (SEIA) and the Solar Electric Power Association (SEPA).
The Solar Energy Industries Association (SEIA(R)) and the Maryland, DC and Virginia SEIA (MDV-SEIA) today announced a formalized partnership to coordinate the resources of both organizations and promote the growth of the region’s solar energy market.
Coalition of Over 750 Companies, Small Businesses and Organizations Urge Congress to Extend Successful 1603 Treasury Program
Today, a coalition of more than 750 companies, small businesses and organizations will send a letter to Congress calling for a one-year extension of the Department of Treasury’s Section 1603 Program. The signatories on the letter represent hundreds of thousands of jobs in all 50 states across a dozen energy technology industries and related sectors including electrical contractors, roofers and engineers.
SEIA Supports APEC Leaders' Commitment to Expanding Trade and Investment in Environmental Goods and Services
Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today in support of the recent Asia-Pacific Economic Cooperation (APEC) Leaders’ Declaration to advance trade and investment in environmental goods and services.
Americans overwhelmingly support the use and development of solar energy as well as federal investments for solar, according to a new national poll. These and other findings were reported today in the 2011 SCHOTT Solar Barometer(TM), a nationally representative survey conducted annually by independent polling firm Kelton Research.
Rhone Resch, President and CEO of the Solar Energy Industries Association (SEIA), released the following statement on the Bureau of Land Management’s (BLM) draft supplemental Programmatic Environmental Impact Statement (PEIS) for solar energy development released by the Department of the Interior today.
The royalties and the competitive leasing of federal land worried Arthur Haubenstock, chairman of SEIA’s utility-scale solar power division. He testified that large-scale solar is not mature enough for competitive bidding and payment of royalties, which could lead to a disincentive to innovate instead of the industry growth supporters envision.
The era of Big Solar has arrived, and at the moment there are none bigger than Ivanpah. Now, Ivanpah records another milestone: The first renewable plant to receive POWER’s Plant of the Year Award. Comprising three self-contained units with a total capacity of 392 MW (377 MW net), Ivanpah is a joint effort between BrightSource Energy, NRG Energy (through its subsidiary NRG Renew, formerly NRG Solar), Google, and Bechtel.
GM’s director of sustainability asks how we can frame up the needs and challenges for NGOs and corporate buyers, to ultimately make renewables more affordable for all companies
The 135-MW Quinto Solar Project, a solar photovoltaic (PV) plant under construction in California’s Central Valley, officially broke ground on July 29.
San Jose–based SunPower Corp. is building the plant in Los Banos, and will sell power from the facility to Southern California Edison under a 20-year power purchase agreement. The project is due for completion in late 2015.
SolarCity Corp. (SCTY), the first U.S. company to offer bonds backed by rooftop solar panels, raised $201.5 million in its third debt offering in eight months.
The senior notes were sold at an interest rate of 4.03 percent and were rated BBB+ by Standard & Poor’s, the third-lowest investment grade. The junior notes were sold at an interest rate of 5.45 percent and were rated BB, which is not investment grade. Both tranches mature in July 2022.