House-passed bill would extend federal solar tax credits for 8 years, eliminate $2,000 cap on residential projects, and remove exemptions for utilities and AMT filers
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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.
Solar Energy Industries Association (SEIA) President and CEO Rhone Resch today praised U.S. Senator Harry Reid (D-NV) for working with U.S. Energy Secretary Steven Chu and U.S. Interior Secretary Ken Salazar to select a site for the Solar Demonstration Zone Project. The two agencies chose a site that will take advantage of Nevada's world-class solar resources to highlight the latest innovations in solar technologies while creating clean energy jobs.
WASHINGTON - Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today in response to news that First Solar (NASDAQ: FSLR) is restructuring its operations to reflect market conditions. The restructuring includes scaling back manufacturing operations in Europe and Malaysia and reducing its global workforce by 2,000 employees, including about 120 employees in the U.S.:
Rhone Resch, president and CEO of the Solar Energy Industries Association, released the following statement today in reaction to a congressional compromise bill that extends the payroll tax cut and unemployment benefits through the end of the year, but does not address tax extenders such as the 1603 Treasury program.
A vast majority of Americans, across all political parties, overwhelmingly support development and funding of solar energy. Ninety-one percent of Republicans, 97 percent of Democrats and 98 percent of Independents agree that developing solar power is vital to the United States.