WASHINGTON, D.C. — Today the House Ways and Means Committee introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act as a part of the $1.5 trillion House infrastructure package released earlier this week.
As Congress looks to put Americans back to work in response to the COVID-19 crisis, the clean energy economy offers an enormous opportunity. Clean energy industries such as solar were among the fastest-growing sectors of the economy before the pandemic hit, with significant potential to create new jobs and spur the investments that are needed to put the U.S. back on track.
The Split-Roll Initiative Would Inadvertently Trigger Massive Property Tax Increases on Solar Energy Property and Jeopardize the Industry In California, property tax is re-assessed under two circumstances: when property is sold, and when new construction is added to a property.
Like many American industries, the solar industry has been hit hard by COVID-19. Compounding issues, including supply chain delays, tightening of tax equity markets, homeowners’ financial concerns, shelter-in-place orders, and permitting challenges are all placing tremendous pressure on the industry. Without strategic government action, U.S. jobs and economic investment will suffer. With the right policies in place, the solar industry is poised to lead the U.S. out of this economic recession and create jobs for thousands of Americans.
Join SEIA staff experts every Friday for an update on how the COVID-19 pandemic is impacting the U.S. solar industry, updates on federal and state legislation, and how to navigate these complex developments.
The U.S. Court of International Trade (CIT) will allow the exclusion from Section 201 tariffs for bifacial modules to remain in place for the foreseeable future. In early October, the Office of the U.S. Trade Representative (USTR) attempted to revoke the exclusion, a decision which SEIA and several solar companies immediately challenged.
Hear from tax experts to learn about the step down, what needs to be done to lock-in the 30% tax credit, and other information vital to your business and customers.
With each passing day it seems like another large company, like Amazon or Target, announces new solar procurements or bold renewable energy commitments. These companies make the headlines, but the untold success story of solar power in America can be found in small businesses across the country that are making those deals happen.