Skip to main content

Solar Industry Supports Senate Letter Urging Solar Tax Credit Extension

Wednesday, Jun 19 2019

Share
Press Release

itc extension

WASHINGTON, D.C. - Following is a statement by Abigail Ross Hopper, SEIA president and CEO, on the letter from Senate Democrats to Senate majority and minority leaders and the chair and ranking member of the Senate Finance Committee supporting extension of the solar Investment Tax Credit (ITC):

"The ITC is a common-sense policy that helps every day Americans, whether it’s on a house, within a community, or on a tract of farm land. Until we have comprehensive legislation addressing climate change, the ITC is the strongest policy there is to incent clean energy development. We already know that the ITC has generated hundreds of thousands of jobs and injected more than $140 billion in private investment into the economy.

"The ITC has a record of bipartisan support, and circumstances since 2015, such as trade tariffs and a heightened awareness of climate change, only serve to bolster the case for extending the wildly successful policy. Fully, 81% of American voters believe solar is good for the economy and 73%, including 65% of Republican voters, believe solar can help address climate change.

"We strongly support an ITC extension and respectfully urge Congress to extend the credit."

###

About SEIA®: 

Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 242,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

 

Media Contact: 

Morgan Lyons, SEIA's Senior Communications Manager, mlyons@seia.org (202) 556-2872

Related News

Tuesday, Jul 13, 2021

Hot Solar Summer: Building Back Better with Clean Energy Infrastructure

America is facing an unprecedented opportunity to enact bold federal policies to decarbonize our electric grid and generate hundreds of thousands of quality clean energy jobs. To achieve this, SEIA is mobilizing a nationwide campaign urging leaders in Washington to act.

Read More
Tuesday, Jun 29, 2021

New IRS Safe Harbor Notice Provides Needed Relief and Clarity for Solar Companies

WASHINGTON D.C. — Today the Internal Revenue Service (IRS) released a new notice that extends safe harbor for solar projects under the Section 48 Investment Tax Credit (ITC). Notice 2021-41 extends the safe harbor rules under IRS Notice 2018-59 from four years to six years for projects that started construction from 2016-2019, and from four years to five years for projects that started construction during 2020.

Read More
Monday, Jun 21, 2021

100+ Organizations Urge Congress to Act on a 10-year Investment Tax Credit (ITC) extension

WASHINGTON, D.C. — Today the Coalition for Clean Energy Jobs and Innovation is calling on political leaders to prioritize clean energy in upcoming infrastructure legislation.

Read More