WASHINGTON, DC – Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today concerning efforts to expand the use of solar energy nationwide by using real estate investment trusts (REITs) as a source of funding for clean energy projects:
“SEIA applauds the Obama Administration’s continued efforts to expand the use of solar energy in America as part of its climate change initiatives. One new proposal would clarify how real estate investment trusts (REITs) relate to renewable energy installations, including solar assets. SEIA appreciates the Administration’s inclusion of solar assets in REITs, and looks forward to working with the White House and Treasury Department to find effective, new ways that will enable the U.S. solar industry to use REITs to further the President’s climate goals.”
Celebrating its 40th anniversary in 2014, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.