Solar and Storage Industry Makes Recommendations to U.S. Treasury Department on Implementation of the Inflation Reduction Act
Friday, Nov 04 2022
WASHINGTON, D.C. — The Solar Energy Industries Association (SEIA) today filed responses to the U.S. Department of the Treasury's request for public comments on the clean energy tax provisions of the landmark Inflation Reduction Act (IRA).
As part of its ongoing efforts to support implementation of the IRA, SEIA is working with its members to provide industry insight and expertise to help Treasury and other federal agencies clarify pieces of the legislation.
“The clean energy tax credit provisions in the Inflation Reduction Act are designed to create jobs and speed our energy transition in a just and equitable fashion over the next decade, making effective and durable implementation a critical part of our clean energy future,” said Sean Gallagher, vice president of state and regulatory affairs at SEIA. “SEIA’s regulatory and policy experts are deeply involved in the public comment process and continue to work hard to identify gaps and formulate policy recommendations that will help clean energy companies and the administration maximize the benefits of this law.”
There are several important tax provisions in the IRA that require more clarity, including domestic content specifications and whether companies can apply existing “Buy America” domestic content regulations to solar and storage facilities. SEIA is also seeking a fair and open application process for the low-income community allocated tax credits that includes all market segments and contains strong consumer protection measures for low-income households.
SEIA also is encouraging Treasury to use transparent, easy to understand prevailing wage rates and to make reasonable accommodations on apprenticeship programs, such as defined geographic areas where employers should seek out apprenticeship programs.
The solar and storage industry and other stakeholders are responding to relevant requests for information and proposed rules about the IRA, and anticipates requests from the U.S. Department of Labor, the U.S. Department of Energy (DOE), the U.S. Environmental Protection Agency (EPA), the U.S. Department of Agriculture, among others.
“Collaboration will be a key part of this process, and we’re calling on federal agencies to work with industry at every stage of implementation and move expeditiously to provide guidance,” Gallagher said.
SEIA is currently reviewing EPA’s recent request for information on its Greenhouse Gas Reduction Fund and plans to comment on this program and future requests from DOE and other agencies.
All of SEIA’s public comments on the Inflation Reduction Act are available for download on SEIA’s website.
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% 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 the national trade association for the solar and solar + storage industries, 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 Director of Communications, [email protected] (202) 556-2872