Solar Industry Secures Extension of California Property Tax Exclusion
SACRAMENTO, Calif. — California Governor Gavin Newsom signed SB 1340 into law yesterday, extending the state’s property tax exclusion for solar projects for two years and providing near-term certainty for America’s largest solar market. Following is statement from Rick Umoff, senior director and counsel, California, at the Solar Energy Industries Association:
U.S. Solar Market Ready for Rebound After Tumultuous First Half of 2022
WASHINGTON, D.C. and HOUSTON, TX — The Inflation Reduction Act (IRA) will help the U.S. solar market grow 40% over baseline projections through 2027, equal to 62 gigawatts (GW) of additional solar capacity, according to new forecasts in the U.S. Solar Market Insight Q3 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.
Extended Property Tax Exclusion Will Keep Clean Energy Investments in California
SACRAMENTO, Calif. — Today, the California State Legislature approved a two-year extension of a property tax exclusion for solar projects, providing stability to solar companies facing significant uncertainty around project development as they work to help California meet its climate targets. Following is statement from Rick Umoff, senior director and counsel, California, at the Solar Energy Industries Association:
President Biden’s Signature on Historic Inflation Reduction Act Secures America’s Position as the Global Leader on Clean Energy
WASHINGTON, D.C. — Today President Biden signed the Inflation Reduction Act into law, sparking the biggest investment in clean energy ever made in U.S. history. The law contains 10-year tax incentives for solar and storage deployment, investments in domestic solar manufacturing and other critical energy provisions. This law will create a stable policy environment for years to come, helping to grow private investments, create American jobs, and make significant progress on climate change.
House Takes Important Step Forward on Clean Energy Progress by Passing Inflation Reduction Act
WASHINGTON, D.C. — Today, the House of Representatives approved the Inflation Reduction Act, which includes historic, long-term provisions to decarbonize the electric grid with significant clean energy deployment and domestic manufacturing. Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the House passage:
Solar Executives Flock to Washington to Urge Congressional Action on Reconciliation
WASHINGTON, D.C. — Two dozen leading solar industry executives are in Washington this week urging Congress to pass critical clean energy policies in budget reconciliation legislation.
U.S. Solar Industry Sees Worst Quarter Since 2020
The U.S. solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to the U.S. Solar Market Insight report released today by SEIA and Wood Mackenzie.
Commerce Obfuscates on Impact of Anticircumvention Tariffs
WASHINGTON, D.C. — Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on Commerce Secretary Gina Raimondo’s comments today before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing.
Tariff Case Cuts Solar Deployment Forecasts Nearly in Half, 100,000 Jobs at Risk
WASHINGTON, D.C. — Solar installation forecasts for 2022 and 2023 are being cut by 46% due to the Biden administration’s circumvention case against solar imports from Southeast Asia. According to new analysis by the Solar Energy Industries Association (SEIA), the case will result in a drop of 24 gigawatts (GW) of planned solar capacity over the next two years, which is more solar than the industry installed in all of 2021.
Survey: Solar Deployment Hammered by Meritless Trade Case, U.S. Climate Goals in Jeopardy
WASHINGTON, D.C.— Three-quarters of surveyed solar companies say that panel deliveries have been cancelled or delayed since the Commerce Department announced it was initiating a circumvention case against imports of solar goods from Cambodia, Malaysia, Thailand and Vietnam, according to preliminary results of a survey conducted by the Solar Energy Industries Association (SEIA).