WASHINGTON, D.C. - With April 15 quickly approaching, the Solar Energy Industries Association (SEIA) is reminding eligible solar consumers to claim the 30 percent Investment Tax Credit (ITC) on their federal tax returns and urging them to take care when seeking professional tax advice. Consumers who purchased a solar system and installed it on their home in 2017 may be able to claim a 30 percent federal income tax credit under Section 25D of the internal revenue code. Commercial entities are eligible to claim a credit under Section 48 of the code.
WASHINGTON, D.C. and SALT LAKE CITY, UT - The Solar Energy Industries Association (SEIA) and the Utah Solar Energy Association (USEA) jointly thanked Utah Gov. Gary Herbert and the Utah State Legislature for two new laws the industry advocated for that will help future solar homeowners through cost savings and increased consumer protection. Gov. Herbert signed both pieces of legislation into law this month.
U.S. Solar Market Insight™ is a collaboration between the Solar Energy Industries Association® (SEIA®) and GTM Research that brings high-quality, solar-specific analysis and forecasts to industry professionals in the form of quarterly and annual reports. Released March 9, 2017
Often referred to as the "premier tax manual for the solar industry," those interested in solar tax and finance issues now have an entirely new edition at their disposal. For the first time in three years, the Solar Energy Industries Association (SEIA) has released an updated Guide to Federal Tax Incentives for Solar Energy.
Following is a statement from Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), on the inclusion of a five-year solar investment tax credit (ITC) extension in the omnibus appropriations bill filed this morning by the U.S. House of Representatives
Saying it will provide a big boost to the U.S. economy, while also helping to fight pollution and climate change, the Solar Energy Industries Association (SEIA) announced its support today for legislation by Rep. Mike Thompson (CA-5) to extend the Investment Tax Credit (ITC) for both residential and commercial solar installations.
A new study released today by the Stanford Graduate School of Business predicts that the U.S. solar industry is “headed for a cliff” if the solar Investment Tax Credit (ITC) is not extended. Even though the report touts the solar industry’s “dramatic growth,” it called for a phase down of the ITC without any examination of the current and past tax treatments of established energy sources. Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), called that omission a “fatal flaw” which ignores how Congress has used the U.S. Tax Code over the past century to encourage the increased production of oil, gas, coal and even nuclear power, making it difficult for solar and other renewable energy sources to compete in the marketplace without incentives.
North Carolina is the South’s leader, and fourth among U.S. states, in using solar power to diversify its portfolio of electric power generation fuels. Three policy issues affect the future of North Carolina’s continued development of large-scale solar, which can be viewed in the attached document.
A new report from Duke University, The Solar Economy: Widespread Benefits for North Carolina, found that public policies such as North Carolina’s Renewable Energy Portfolio Standard and Investment Tax Credit have made North Carolina first in the south and fourth in the nation for installed solar investment, creating jobs and boosting the economy across the state.