America’s solar and storage industry is — by any metric — booming. While this growth has been quick, it has not been haphazard. This expansion is underpinned by the industry’s steadfast commitment to purposeful, proactive growth.
Solar and Storage Companies Add Over $100 Billion to U.S. Economy as a Result of the Inflation Reduction Act
Since the Inflation Reduction Act (IRA) passed one year ago, U.S. solar and storage companies have announced over $100 billion in private sector investments, helping bolster the American economy, according to new analysis released today by the Solar Energy Industries Association (SEIA). Solar and storage manufacturing is now surging in the United States, as 51 solar manufacturing facilities have been announced or expanded in the last year.
RALEIGH, N.C. — On Thursday, the North Carolina Utilities Commission (NCUC) issued final orders in its net metering “Smart $aver” docket. The Commission approved a three-year glide path for solar customers to transition from monthly credits to a more dynamic time-of-use rate structure that incentivizes the use of solar when it is most valuable. The order also directs Duke Energy to open a solar plus storage program within 90 days, approves a $0.36/watt incentive to go solar, and approves another monetary incentive to encourage residential energy storage installations.
WASHINGTON, D.C. — In a release of preliminary results on the 2024 ICC Building Code online governmental vote, the International Code Council’s (ICC) members have approved two compromise proposals from the Solar Energy Industries Association (SEIA) that designate solar and storage projects as Risk Category 2 infrastructure.
WASHINGTON, D.C. — Today the Senate passed the Inflation Reduction Act which includes long-term solar and storage tax incentives, investments in domestic solar manufacturing and other critical provisions that will help decarbonize the electric grid with significant clean energy deployment. Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the Senate’s passage of this historic legislation:
The Solar Energy Industries Association (SEIA) is launching a 501(c)3 nonprofit to accelerate the transition to carbon-free electricity through clean energy research and analysis.
WASHINGTON, D.C. — Today the House of Representatives passed the Build Back Better Act, which includes a 10-year extension of the solar Investment Tax Credit (ITC), strong support for domestic solar manufacturing and other critical policies to advance American clean energy deployment and production. Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the House passage:
WASHINGTON, D.C. — The Solar Energy Industries Association (SEIA) is expanding its energy storage advocacy with the addition of Jeremiah Miller as its new director of storage markets and policy.
WASHINGTON D.C. — Today the Federal Energy Regulatory Commission (FERC) issued a final order to approve Southern California Edison’s (SCE) Wholesale Distribution Access Tariff proposal. Following more than two years of negotiation, SEIA succeeded in reducing the wires charge for standalone energy storage from SCE’s original proposal, opening the door for significant storage growth in the territory.
If Congress prioritizes smart, long-term solar policies, we can tackle the climate crisis and ensure a bright future for generations of Americans to come.