WASHINGTON, D.C. - The Solar Energy Industries Association (SEIA) today commended Senate Democrats, including Senators Harry Reid (D-Nev.), Charles Schumer (D-N.Y.), Ron Wyden (D-Ore.), Maria Cantwell (D-Wash.) and more, for their thoughtful inclusion of smart, job-creating clean energy incentives in their newly-announced energy policy bill.
Investment Tax Credit (ITC)
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New Bloomberg New Energy Finance Report Forecasts Strong, Steady Solar Growth -- with the Investment Tax Credit (ITC) Extended
A new report from Bloomberg New Energy Finance (BNEF) predicts substantially more solar generating capacity will get built in the United States, and a major industry downturn will be avoided, if the federal solar investment tax credit (ITC) is extended at its current level.
Solar energy is on the upsurge, representing 40 percent of all new electric generating capacity brought on-line in the first half of 2015, according to a new report today from GTM Research and the Solar Energy Industries Association (SEIA).
Continuing on its record-breaking trajectory, the United States solar industry surpassed 20 gigawatts (GW) of total operational solar photovoltaic (PV) capacity during the second quarter of this year. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2015 U.S. Solar Market Insight Report, the U.S. installed 1,393 megawatts[i] of PV last quarter, showcasing both annual and quarterly growth.
U.S. Solar Market Insight™ is a collaboration between the Solar Energy Industries Association® (SEIA®) and GTM Research that brings high-quality, solar-specific analysis and forecasts to industry professionals in the form of quarterly and annual reports. Released September 9, 2015.
Solar energy is on the rise in the United States. At the end of the first quarter of 2015, more than 21,300 megawatts of cumulative solar electric capacity had been installed around the country, enough to power more than 4.3 million homes. The rapid growth of solar energy in the United States is the result of forward-looking policies that are helping the nation reduce its contribution to global warming and expand its use of local renewable energy sources.
North Carolina became the fourth state in the nation to top 1,000 megawatts (MW) of installed solar capacity during the first quarter of 2015. Today, North Carolina trails only California, Arizona and New Jersey in total installed solar capacity, according to the recently released U.S. Solar Market Insight Report compiled by GTM Research and the Solar Energy Industries Association (SEIA). But despite the state’s rapid progress, solar industry leaders are warning that attempts to freeze North Carolina’s renewable portfolio standard (RPS) will hurt solar growth, as well as the state’s economy.
In an effort to expand awareness of the importance of diversity in the workplace – as well as solar energy’s growing contributions to the economy and environment – the Solar Energy Industries Association (SEIA) has become one of the first national trade associations to feature a Spanish-language section on its website.
Saying it will provide a big boost to the U.S. economy, while also helping to fight pollution and climate change, the Solar Energy Industries Association (SEIA) announced its support today for legislation by Rep. Mike Thompson (CA-5) to extend the Investment Tax Credit (ITC) for both residential and commercial solar installations.
Calling it important to America’s energy future, the Solar Energy Industries Association (SEIA) announced its strong support today for legislation to create a national Renewable Electricity Standard (RES). Introduced by U.S. Senators Tom Udall (D-N.M.), Edward Markey (D-Mass.), Martin Heinrich (D-N.M.), Michael Bennet (D-Colo.), Jeff Merkley (D-Ore.), Sheldon Whitehouse (D-R.I.) and Mazie K. Hirono (D-Hawaii), the bill will help to create thousands of new American jobs, save consumers and businesses money and reduce pollution by requiring utilities to generate 30 percent of their electricity from renewable energy sources by 2030