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
Investment Tax Credit (ITC)
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Federal tax policies have been an important driver for solar’s recent remarkable growth, but without action during the 114th Congress, the 30-percent investment tax credit (ITC) for solar and other clean energy technologies will expire at the end of 2016. This policy brief estimates the impacts that current law would have on the solar industry.
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.
This policy brief estimates the impacts that current law would have on the solar industry. It also formulates several policy alternatives and estimates their effectiveness at mitigating the negative impacts of the investment tax credit cliff embedded within current law.
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.
The Solar Access to Public Capital (SAPC) working group has released new best practices guidelines for solar photovoltaic (PV) systems, with the goal of increasing investor confidence in the long-term viability of PV systems.
North Carolina is the South’s leader, and fourth among U.S. states, in using solar power to diversify its portfolio of electric power generation fuels. Three policy issues affect the future of North Carolina’s continued development of large-scale solar, which can be viewed in the attached document.
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.