Section 25 of the federal residential Investment Tax Credit drops to zero on Jan. 1, 2017 -- a short 13 months from now. Effectively, the after-incentive selling price to residential homeowners will go up by 30 percent. A typical 5-kilowatt system at $4 per watt will increase in price from $14,000 (with the 30 percent ITC) to $20,000. It doesn’t take a degree in economics to conclude that residential sales will plummet.
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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.
SEIA is committed to informing policymakers, the media, and the American public about the benefits of solar energy for today’s communities, our economy, and our country.
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Every week, The SEIA Solar Update includes top news stories covering the solar industry, major upcoming events, policy updates, and much more. This newsletter is open to SEIA Members and to the general public.
The Solar Energy Industries Association (SEIA) applauded the commitments made today at the White House National Community Solar Summit to increase access to solar energy for all Americans. Following this morning's announcement by White House officials and Department of Energy Deputy Secretary Elizabeth Sherwood-Randall, SEIA President and CEO Rhone Resch issued the following statement:
The Solar Energy Industries Association (SEIA), the national trade association for the U.S. solar energy industry, announced today that Mortenson Construction, one of the largest construction firms in the United States, has joined SEIA’s board. Senior Vice President, Jim Yowan, will serve as a director.
Calling it potential “game changer,” the Solar Energy Industries Association (SEIA) is praising new efforts by California Gov. Jerry Brown to significantly expand the state’s renewable energy efforts.
Supported by both business and environmental groups, hundreds of thousands of people from across the United States and around the world are expected to take part in the Solar Energy Industries Association’s (SEIA) 2nd annual National “Shout Out For Solar” Day – set for Friday, January 16, and taking place on Facebook, Twitter and other social media venues.
WASHINGTON, DC - Signaling the growing importance of solar energy to America’s future, the widely read and cited annual “State of American Energy Report” – released today by the American Petroleum Institute (API) – includes, for the first time ever, a comprehensive section on the rapid growth of the U.S. solar energy industry and its impact on our nation’s economy and environment.
With the addition of another major solar power plant supplying clean, renewable energy to America’s sunniest state, Nevada was second in the nation in added solar capacity during Q3, according to GTM Research and the Solar Energy Industries Association’s (SEIA) most recent U.S. Solar Market Insight® quarterly report. The Copper Mountain 3 project added 171.4 megawatts (MW) to Nevada’s solar portfolio.
A new growth industry is emerging in Utah, where residential solar installations in Q3 alone were equal to the amount installed in all last year. In addition, added solar capacity in Q3 was more than six times the capacity installed over Q3 2013, according to GTM Research and the Solar Energy Industries Association’s (SEIA) most recent U.S. Solar Market Insight® quarterly report.
For the fourth and final installation of GRID Alternatives’ Tribal Solarthon, we joined last week with Rosebud Sioux members, students from local Sinte Gleska University and other community members to put solar panels on the roof of Spotted Tail’s home.
Canadian Solar Inc. announced that it signed an agreement with Mashiki Town and Kumamoto Prefecture to build a 47 MW solar power plant. Once completed, the Mashiki solar power plant will be the largest solar plant in Kumamoto Prefecture. The Mashiki plant is expected to start commercial operation in the first quarter of 2017. Powered by Canadian Solar modules, the plant is expected to generate approximately 57,000 MWh of clean, solar electricity per year, which will be purchased by Kyushu Electric Power Co., Inc.
The SolarMax Group has begun production of its solar PV inverters once again, having transferred operations from Switzerland to Germany.
Sunrun announced a multi-year agreement with the Los Angeles Dodgers. The partnership furthers Sunrun’s strategy of reaching more Americans to educate them about the benefits of home solar. Sunrun unveiled digital and stationary signage at Dodger Stadium during the 2015 season and offered a variety of in-stadium experiences – like serving as the presenting sponsor for ‘Kids Take the Field’– to encourage families to save 20 percent on their electric bill.
Nautilus Solar Energy, LLC, led by CEO Jim Rice and President Laura Stern, announced an investment and partnership in the company by Virgo Investment Group, L.P.