Extend the Solar Investment Tax Credit: Defend Solar Energy Jobs
Time is running out to defend our solar energy economy and more than 200,000 jobs. Solar is the most impactful renewable technology we have to invest in local communities, create local jobs and address global climate change. The solar Investment Tax Credit (ITC) is the most successful bipartisan clean energy policy ever passed and has helped build a robust solar industry in the United States. Despite this massive success, the ITC is currently scheduled to begin stepping down at the end of 2019, and we need you to sign up and support the extension of the ITC.
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About the Solar ITC
The Investment Tax Credit is one of the most successful and effective bipartisan clean energy policies ever passed and has supported the rapid growth of the U.S. solar industry.
Since the ITC was enacted in 2006, the U.S. solar industry has:
- Created more than 200,000 jobs
- Invested $140 billion into the U.S. economy
- Increased solar deployment by more than 10,000%
- Grown by an average annual rate of 52% each year
A Meaningful Solution to Climate Change
Politicians on both sides of the aisle have stated their commitment to addressing climate change and developing solutions to reduce our nation's carbon emissions. The solar ITC is the strongest clean energy policy on the books and it allows Americans to deploy clean energy, invest in our local communities and meaningfully cut carbon emissions.
At a time when we must take decisive action to build a clean energy economy and tackle climate change, we can’t turn our backs on American workers and the single most successful policy driver for deploying clean energy.
The Positive Impacts of an ITC Extension
According to Wood Mackenzie Power & Renewables, an extension of the solar investment tax credit would result in an additional 82 gigawatts (GW) of solar deployment over the next ten years, which would drive $87 billion in economic investment and create 113,000 U.S. solar jobs.
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