Mayors Support the Solar Investment Tax Credit
A bipartisan group of 231 mayors from cities and towns across the country sent a letter to Congress urging them to pass an extension of the solar Investment Tax Credit (ITC).
As Congress looks to put Americans back to work in response to the COVID-19 crisis, the clean energy economy offers an enormous opportunity. Clean energy industries such as solar were among the fastest-growing sectors of the economy before the pandemic hit, with significant potential to create new jobs and spur the investments that are needed to put the U.S. back on track.
The Split-Roll Initiative Would Inadvertently Trigger Massive Property Tax Increases on Solar Energy Property and Jeopardize the Industry In California, property tax is re-assessed under two circumstances: when property is sold, and when new construction is added to a property.
Like many American industries, the solar industry has been hit hard by COVID-19. Compounding issues, including supply chain delays, tightening of tax equity markets, homeowners’ financial concerns, shelter-in-place orders, and permitting challenges are all placing tremendous pressure on the industry. Without strategic government action, U.S. jobs and economic investment will suffer.