LBNL Analyzes Project Finance Impacts Under Reduced ITC Scenario
Lawrence Berkeley National Laboratory (LBNL) recently released a report detailing possible impacts on solar project financing in light of possible reductions to the Investment Tax Credit (ITC). The report finds that a reduction in the ITC will lead to increased use of debt instruments and decreased use of tax equity.
New Private Sector Commitment Shows Strength of Solar
WASHINGTON, DC – In response to President Obama’s call to improve energy efficiency in America and deploy expansive new solar resources, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement:
SEIA Urges White House to Preserve Solar ITC
Calling it “a huge step backward,” Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), said President Obama’s 2015 fiscal year budget, which was unveiled today, would severely damage the U.S. solar industry by eliminating the Investment Tax Credit (ITC) and replacing it with a refundable Production Tax Credit (PTC) at the end of 2016.
SEIA: New Jobs Report Shows Value of Effective Public Policies
WASHINGTON, DC - Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today after carefully reviewing The Solar Foundation’s new state-by-state jobs report:
SEIA Announces Strong Support for Solar Legislation
WASHINGTON, DC – Saying it will spur billions of dollars in new investment in the U.S. economy, the Solar Energy Industries Association (SEIA) today announced its strong support for Rep. Mike Thompson’s (D-CA) “commence construction” legislation, H.R. 2502, which now has 100 co-sponsors in the U.S. House of Representatives and continues to gain momentum.
SEIA Supports Legislation Offered by Colorado, Nevada Senators
Calling it “critically important,” the Solar Energy Industries Association (SEIA) is applauding “commence construction” legislation introduced today by Sen. Michael Bennet (D-CO) and Sen. Dean Heller (R-NV). Their bipartisan legislation would allow America’s solar energy companies to make full and effective use of the Investment Tax Credit (ITC).
New Jobs Report Shows Solar Continuing Record Growth
WASHINGTON, D.C. – With today’s release of The Solar Foundation’s National Solar Jobs Census, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), issued the following statement:
SEIA Comments Re Chairman Baucus' Energy and Cost Recovery Discussion Drafts
SEIA filed comments in response to Senate Finance Committee Chairman Baucus’ Energy and Cost Recovery Staff Discussion Drafts. The comments highlight SEIA’s concerns with the proposals’ replacement of MACRS, reduction of the ITC to 20%, expiration of Section 25D residential credit and the exclusion of Solar Heating and Cooling from the ITC. FINAL SEIA Comments Re Tax Reform Discussion Drafts - 1 17 14.pdf
SEIA Expresses Concerns About Newly-Released Senate Tax Plan
WASHINGTON, D.C. – After reviewing a draft tax plan released today by Senate Finance Committee Chairman Max Baucus, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement:
SEIA Leadership Urges Industry to Unite in Face of Challenges
CHICAGO, IL -- Speaking at the opening session of Solar Power International 2013 -- the largest solar trade show in America -- Rhone Resch, president and CEO of the Solar Energy Industries Association delivered the following remarks:Good afternoon everyone. Welcome to Chicago. Welcome to SPI 2013. And welcome to the Big Leagues.