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.
Investment Tax Credit (ITC)
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From the report summary:
WASHINTON, DC - Powered by a rapidly-growing residential market, Louisiana became a Top 20 solar state for the first time last year, according to the recently-released U.S. Solar Market Insight 2014 Year in Review. It was the fifth straight year that Louisiana showed strong growth in solar installations.
From the press release:
from the Executive Summary:
Mark Twain said it best, there are “lies, damned lies and statistics.” It’s hard to tell which is which after closely reviewing the latest hatchet job on solar energy by the Koch brothers’ front group, The Taxpayers Protection Alliance (TPA).
WASHINGTON, DC - Growing at an annual rate of more than 20 percent – far outpacing the growth of the overall U.S. economy, a new report released today shows that the U.S. solar industry added more than 31,000 jobs in 2014, bringing total employment in the sector to 173,807 workers. The results were released by The Solar Foundation (TSF), a widely-respected, non-profit organization.
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.
In this report, the authors examine California's leadership in US expansion of renewable energy electricity generation by discussing first the boom in utility-scale solar farms in California and the subsequent employment effects of having built 4
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.