Skip to main content

SEIA Statement on Proposed "No More Solyndras" Act

Thursday, Jul 12 2012

Share
Press Release

WASHINGTON - Today, the U.S. House Committee on Energy and Commerce Oversight and Investigations Subcommittee and the Energy and Power Subcommittee held a legislative hearing on the discussion draft of the No More Solyndras Act.  Rhone Resch, President and CEO of the Solar Energy Industries Association® (SEIA®), issued the following statement on the discussion draft:

“The solar industry supports efforts to ensure that taxpayer dollars are protected and used wisely to increase the effectiveness of Department of Energy (“DOE”) Loan Guarantee Program. The solar industry stands ready to work with policymakers on a bipartisan basis to achieve these common sense goals and improve the loan program.

“Unfortunately, the discussion draft – as was noted on multiple occasions in the legislative hearing – would ‘throw the baby out with the bathwater.’ The loan program has been utilized on a bipartisan basis to leverage private capital to promote transportation, health care, education, housing and energy infrastructure policies.  The provision in the discussion draft that sunsets DOE’s loan program would hinder our nation’s ability to develop innovative energy infrastructure projects.  In solar alone, this program has achieved a number of notable successes. Chief among these are 11 utility‐scale solar power plants in the Southwest, totaling 2,700 megawatts – enough to power 500,000 homes.

“The solar industry welcomes the opportunity to work with Congress and the Administration to improve the DOE loan program.”

The U.S. solar energy industry employs 100,000 Americans at more than 5,600 companies, mostly small businesses, across the nation in all 50 states.


About SEIA®:
Established in 1974, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA is working to build a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. www.seia.org

Background Materials:
Facts on the DOE Loan Program

Media Contacts:
Monique Hanis, 202.556.2885, mhanis@seia.org
Susan DeVico, 510.339.1527, SusanDV@aol.com

Related News

Tuesday, Nov 24, 2020

How to Take Advantage of the Solar Investment Tax Credit Before It’s Gone

American families, businesses, and communities are all going solar because it saves them money and adds predictability during these difficult times. In addition to generating local tax revenue, solar cuts electricity costs. This can help small businesses stay afloat and can help schools direct funds to teacher salaries and classroom upgrades.

Read More
Monday, Nov 23, 2020

Meeting the Climate Moment With a 100-Day Agenda for Solar

I want to share our vision for the next decade, and more specifically, for our new President-elect. It goes without saying that this is an exciting time to be in the solar industry. We are now 32x bigger than we were a decade ago and this $18 billion industry supports American families in every state. Solar is a job-creating engine with bipartisan support and helps to bring clean, affordable electricity to millions.

Read More
Thursday, Nov 12, 2020

Solar Industry Outlines a Policy Agenda for the Biden Administration, 117th Congress

WASHINGTON, D.C. – Today the Solar Energy Industries Association (SEIA) is releasing a suite of policies and executive actions that it is asking President-elect Biden and the newly elected Congress to act on during their first 100 days in office.

Read More