Building on National Climate Momentum, Lawmakers Re-Introduce GREEN Act With Key Solar Provisions
Monday, Feb 08 2021
WASHINGTON, D.C.— Lawmakers on the House Ways and Means Committee’s Subcommittee on Tax Policy have re-introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act. The bill includes several key solar provisions, including a five-year extension of the solar Investment Tax Credit (ITC), and a direct pay option for large projects when claiming the ITC.
Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on the re-introduction of this critical legislation:
“SEIA appreciates the work of committee leaders, particularly Chairman Thompson, a devoted clean energy champion, for the inclusion of a long-term extension of the solar ITC in the GREEN Act. Long-term tax policy drives deployment of solar energy, giving companies the certainty needed to make business investments at the scale we need to tackle the climate crisis.
“This is a moment of critical national momentum for climate action, clean energy and environmental justice. Now is the time to act and help our economy and our communities recover. We look forward to working with the committee to continue to refine the legislation, including ways to expand access of distributed generation solar to more families through the tax code, and capitalize on this momentum and address key details as the legislation advances.”
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is a national trade association building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
Morgan Lyons, SEIA's Senior Communications Manager, [email protected] (202) 556-2872