WASHINGTON, D.C. — Today over 100 manufacturers and producers sent a letter to President Biden, Leader Schumer, Speaker Pelosi, and committee chairs stating their strong support for long-term clean energy tax incentives in federal budget reconciliation legislation.
It’s well documented that clean energy tax incentives can launch massive private investment. It has also become clear that these incentives will transform U.S. solar manufacturing — putting us well on our way to achieving the Solar Energy Industries Association’s (SEIA’s) goal of 50 GW of domestic solar manufacturing capacity. This will only happen, however, if we seize the energy tax investment opportunity before us.
As the world focuses on the Russian invasion of Ukraine and every day Americans start feeling the impacts of this conflict, there is growing consensus that we can no longer rely on foreign adversaries for our energy needs. If we want to diversify our energy sources and reinforce American energy independence, encouraging solar and storage deployment and investing in domestic manufacturing is the best opportunity we have to double down on clean, and reliable energy.
WASHINGTON, D.C. and HOUSTON, TX — In 2021, U.S. solar prices increased as much as 18% due to unprecedented supply chain challenges, trade actions, and legislative uncertainty, according to the U.S. Solar Market Insight 2021 Year in Review report.
The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report. Released March 10, 2022.
Supply chains are backlogged and prices have increased for raw materials and consumer goods across the economy. The clean energy sector is no different, and has been feeling the supply pinch for most of 2021. This has put years-long price declines in reverse in a matter of months. However, there is a solution that will offset price increases and unleash a new era of American clean energy leadership: The Build Back Better Act.
WASHINGTON, D.C. — Today the House of Representatives passed the Build Back Better Act, which includes a 10-year extension of the solar Investment Tax Credit (ITC), strong support for domestic solar manufacturing and other critical policies to advance American clean energy deployment and production. Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the House passage:
WASHINGTON D.C. — Amid ongoing budget reconciliation negotiations in Congress, the White House released a Build Back Better framework today that includes significant investments in climate and clean energy policy priorities. Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the White House proposal and the critical need to invest in our clean energy future:
SEIA joins Sec. Granholm and Sen. Van Hollen to launch SolarAPP+ and discuss clean energy infrastructure. For most of the year, Congress has been working on legislation that can deliver on the President’s Build Back Better vision to create American clean energy jobs and strengthen U.S. infrastructure.