Skip to main content

SEIA Celebrates Extension of the ITC

Friday, Dec 18 2015

Share
Press Release

WASHINGTON, D.C. - Following is a statement from Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), on passage of the omnibus appropriations bill, which included a 5-year solar investment tax credit (ITC) extension. 

"This historic vote brings the solar industry to the forefront of the conversation about American energy. The ITC extension makes America and its solar industry the world’s preeminent producer of clean and affordable energy.

“We commend members of Congress in both parties for taking this bold step and we look forward to delivering on the promise that this policy now offers all Americans.

“Thanks to the ITC, solar energy will add 220,000 new jobs by 2020, and with this extension, the solar industry can achieve its pledge of employing 50,000 veterans. Clean solar energy will cut emissions by 100 million metric tons and replace dozens of dirty power plants. Importantly, in the follow up to the Paris accord, this establishes the United States as a model for the reduction of greenhouse gases.

"A five-year extension of the ITC will lead to more than $133 billion in new, private sector investment in the U.S. economy by 2020. And much of this growth will come from small businesses, which make up more than 85 percent of America’s 8,000 solar companies.

"Solar power in this nation will more than triple by 2020, hitting 100 gigawatts. That’s enough to power 20 million homes and represents 3.5 percent of U.S. electricity generation.

“The solar industry now has a seat at the table with the nation’s other major electricity producers. Solar is the planet’s most abundant source of energy and offers all Americans clean electricity that can be built at scale and will make our nation proud and prosperous as a world leader in a new energy paradigm.”

###

About SEIA®:

Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Media Contact:

Alex Hobson, SEIA Press Officer & Communications Manager, ahobson@seia.org (202) 556-2886

Related News

Wednesday, Aug 28, 2019

Solar Industry Calls on FERC to Enforce PURPA, Increase Competition

Today, SEIA filed a proposal with FERC that will address longstanding concerns with monopoly utilities by enhancing competition under the Public Utility Regulatory Policies Act (PURPA).

Read More
Thursday, Jul 25, 2019

House and Senate Introduce Legislation for 5-Year Extension of the Solar Investment Tax Credit

Senator Catherine Cortez Masto (D-NV) and Representatives Mike Thompson (D-CA), Paul Cook (R-CA), and Brian Fitzpatrick (R-PA) today introduced companion bills with a five-year 30% extension of Section 48 and Section 25D Solar Investment Tax Credits (ITC). The Renewable Energy Extension Act will call for the extension of the tax credits.

Read More
Tuesday, Jul 23, 2019

House Leaders’ 100 Percent Clean Energy Plan Draws Support From Solar Industry

WASHINGTON, D.C. – Three House Committee leaders today announced a plan to move the United States to 100% clean energy by 2050. Energy and Commerce Committee Chairman Frank Pallone, Jr., Rep. Paul Tonko, Chairman of the Environment and Climate Change Subcommittee, and Rep. Bobby L. Rush, Chairman of the Energy Subcommittee revealed the plan at a news conference on Capitol Hill this afternoon.

Read More