An overview of issues pertaining to the determination of tax basis for the ITC and the Section 1603 Treasury Program.
Investment Tax Credit (ITC)
You are here
Annual Solar Energy Report Demonstrates Record Growth of U.S. Market After Two Years with Investment Tax Credits
Today the Solar Energy Industries Association released its 2007 U.S. Solar Industry Year in Review produced in conjunction with the Prometheus Institute. The report noted that 254 megawatts of photovoltaic and concentrating solar power were installed in 2007.
Solar Energy Industries Association president Rhone Resch released the following statement after the Senate voted on bipartisan legislation to extend federal solar tax credits by 8 years. The amendment to H.R. 6049, the Energy Improvement and Extension Act of 2008, to extend renewable energy tax credits passed by a vote of 93 to 2. SEIA expects the Senate will complete votes on other amendments and pass H.R. 6049 later today.
Solar Energy Industries Association Names Senator Gordon Smith as 2008 National Solar Energy Champion of the Year
(Washington, DC) – The Solar Energy Industries Association (SEIA) today announced that U.S. Senator Gordon Smith (R-OR) is the Republican winner of its 2008 National Solar Energy Champion Award, citing his strong support and leadership on solar energy-related issues in the U.S. Congress.
Federal Solar Tax Credits Extended for 8 Years, US Poised to Become Largest Solar Market in the World
Today, by a vote of 263 to 171, the U.S. House of Representatives passed historic legislation that extends the 30-percent federal investment tax credit for both residential and commercial solar installations for 8 years.
SEIA President Rhone Resch Highlights Industry Success in Extending Federal Solar Tax Credits, Outlines Ambitious Agenda for 2009
Solar Energy Industries Association (SEIA) president Rhone Resch delivered remarks today at the 5th annual Solar Power International Conference. Resch highlighted the solar industry’s success in passage of an 8-year extension of the 30-percent residential and commercial solar investment tax credit (ITC).
Solar Energy Industries Association Names Senator Maria Cantwell 2008 National Solar Energy Champion of the Year
The Solar Energy Industries Association (SEIA) today announced that U.S. Senator Maria Cantwell (D-WA) is the Democratic winner of its 2008 National Solar Energy Champion Award, citing her strong support and leadership on solar energy issues in the U.S. Senate. Senator Cantwell played a leading role in forging the bipartisan compromise that extended the solar investment tax credit (ITC), set to expire at the end of this year, for another eight years.
The Solar Energy Industries Association (SEIA) today released an independent study projecting the positive economic impact of the Department of Treasury Grant Program (TGP) and the Solar Manufacturing Investment Tax Credit. The study found that extending the TGP by two years and including solar manufacturing in the industries' existing tax credit would add 200,000 new domestic jobs to the solar workforce and supporting industries in the United States.
Solar Energy Industries Association (SEIA®) President and CEO Rhone Resch released the following statement today on President Barack Obama signing tax legislation into law that extends the Department of Treasury Section 1603 program for one year.