On February 16, 2016, SEIA submitted comments to the Internal Revenue Service in response to Notice 2015-70 regarding the definition of qualified property for purposes of the energy credit under IRC Section 48.
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The extension of the Solar Investment Tax Credit (ITC) passed by Congress on December 19, 2015 will lead to sustained growth in the U.S. solar industry. By 2020, the industry will deploy more than 20 GW of solar electricity annually and employ more than 420,000 workers.
The Investment Tax Credit (ITC) is the solar industry’s most important public policy. As such, SEIA commissioned an independent analysis from Bloomberg New Energy Finance (BNEF) to analyze the impact of the ITC on the industry – and what the U.S. stands to lose if Congress lets this policy expire in 2016.
On Monday, June 15, 2015, SEIA submitted comments to the Senate Finance Committee concerning the solar Investment Tax Credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) as it pertains to solar industry deployment.
The Solar Energy Industries Association is working hard to represent the industry from our Washington, DC headquarters. We have experts and professional advocates working to influence federal policy, however, when it comes to making a more personal impact with legislators, the power of grassroots advocacy cannot be underestimated. Congress needs to be reminded that the solar industry provides jobs and energy security in their states and districts.
Click here to see an overview of the ITC.
Commerce finds dumping of imports of certain crystalline silicon photovoltaic products from China and Taiwan and countervailable subsidization of imports of certain crystalline silicon photovoltaic products from China.
The EPA’s Clean Power Plan recognizes and bolsters the current opportunity to reduce carbon emissions by transitioning United States electric grid from a fossil fuel dominant fuel mix to a balanced energy portfolio that includes higher penetration of renewable energy resources. The Clean Power Plan will require affected electric generating units (affected EGUs) within each state to reduce their carbon emissions, thus presenting the opportunity for utilities and states to shift towards sources that generate energy with little or no carbon emissions such as solar energy.
SEIA filed regulatory language with the IRS and Treasury to update the definition of real property to include solar energy property.
On August 12, 2014, SEIA filed comments in response to the IRS Notice of Proposed Rulemaking regarding the definition of real property for the purposes of real estate investment trusts (REITs).