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.
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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.
From the press release:
from the Executive Summary:
A new report from Duke University, The Solar Economy: Widespread Benefits for North Carolina, found that public policies such as North Carolina’s Renewable Energy Portfolio Standard and Investment Tax Credit have made North Carolina first in the south and fourth in the nation for installed solar investment, creating jobs and boosting the economy across the state.
WASHINGTON, DC - Calling it an issue of tax fairness, as well as a matter of importance to the U.S. economy, the Solar Energy Industries Association (SEIA) today offered its support to efforts by a broad coalition of fuel cell, microturbine and combined heat and power companies, as well as many leading business organizations, to include a “commence construction” provision in Section 48 of the U.S.
While PV modules and other hardware costs have dropped significantly over recent years, non-hardware soft costs have also fallen, but not nearly as sharply.
Calling it “a lesson to be learned from, not an experience to be avoided,” the Solar Energy Industries Association (SEIA) today released a comprehensive study taking an in-depth look at Germany’s solar support programs and how the United States can benefit in the long term from the experiences of the world’s leading solar producer.
CHICAGO, IL -- Speaking at the opening session of Solar Power International 2013 -- the largest solar trade show in America -- Rhone Resch, president and CEO of the Solar Energy Industries Association delivered the following remarks:
Good afternoon everyone. Welcome to Chicago. Welcome to SPI 2013. And welcome to the Big Leagues.