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:
WASHINGTON, D.C. — More than 90 Arizona solar and storage businesses sent a letter to Senators Krysten Sinema and Mark Kelly today lauding the potential impact of the Inflation Reduction Act (IRA) on the state’s clean energy economy and urging Congress to pass the transformative legislation.
Today the Solar Energy Industries Association (SEIA) is urging banking regulators to expand the use of the Community Reinvestment Act (CRA) to include financing support for solar and storage projects of all sizes.
With no relief in sight, lawmakers must do everything in their power to improve energy affordability for their constituents. Clean energy can stabilize energy costs and save families money, helping to mitigate the effects of inflation. Lawmakers already have a blueprint to invest in clean energy through the Inflation Reduction Act of 2022 — now it’s time to get this legislation across the finish line.