Topics - Finance & Tax
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SEIA Letter to OMB and Treasury on 1603 Sequestration Cuts
SEIA submitted a letter to OMB and Treasury in January 2013 to call on the Administration to exempt the 1603 Treasury Program from sequestration cuts set to go into effect March 1. The White House Office of Management and Budget (“OMB”) released a preliminary report in late 2012 that included the program in its list of programs subject to funding cuts. Specifically, the report provided for a 7.6% reduction in 1603 grants.
Solar Power Purchase Agreements
What is a solar power purchase agreement (PPA)? Read more about the benefits and considerations of Solar PPAs.
Assessment of Incentives and Employment Impacts of Solar Industry Deployment
An independent research report by the Howard H. Baker Jr. Center for Public Policy at the University of Tennessee, Knoxville, found that solar energy is following the same path to commercialization as other traditional energy sources spurred by federal incentives. The study, titled "Assessment of Incentives and Employment Impacts of Solar Industry Deployment," also estimates that the U.S. solar industry could employ hundreds of thousands of Americans by the end of the decade.
Voters agree on one thing: policies that support solar energy
The best billboard for solar power is a solar panel. People are captivated and inspired by solar panels quietly at work producing clean energy. Last month, Americans saw tens of thousands of these billboards through almost 600 American Solar Energy Society (ASES) tours of homes, municipal buildings and businesses in 38 states, each demonstrating the use of clean, affordable solar power.
Budget Sequestration and Impact on 1603 Treasury Program
Download: 3/5/13 Letter from U.S. Treasury to SEIA re: Cuts to 1603 Grants1603 Treasury grant payments will be affected by the federal budget sequestration issued by the Obama Administration on March 1.
Solar Industry Perspective on the "No More Solyndras Act"
H.R. 6213, the No More Solyndras Act, was passed by the U.S. House of Representatives in September 2012. If enacted, this bill would sunset DOE’s Loan Guarantee Program {link to http://www.seia.org/policy/finance-tax/loan-guarantee-program} and prevent the issuance of new loan guarantees for renewable energy projects. Despite the headlines, the solar industry is a bright spot in terms of loan guarantees, with eleven utility-scale solar projects currently under construction or operational.
Solar Market Insight Report 2012 Q2
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 September, 2012.
Cost Basis for the ITC and 1603 Applications
An overview of issues pertaining to the determination of tax basis for the ITC and the Section 1603 Treasury Program.
SEIA Statement on House Committee Approval of No More Solyndras Act
WASHINGTON - Today, the U.S. House Committee on Energy and Commerce approved H.R. 6213, the No More Solyndras Act, by a vote of 29-19. Rhone Resch, President and CEO of the Solar Energy Industries Association® (SEIA®), issued the following statement on the legislation:
SEIA Statement on House Subcommittee Approval of the No More Solyndras Act
Today, the U.S. House Committee on Energy and Commerce Subcommittee on Energy and Power Subcommittee approved the No More Solyndras Act by a vote of 14-6. Rhone Resch, President and CEO of the Solar Energy Industries Association® (SEIA®), issued the following statement on the discussion draft: