WASHINGTON, D.C. — Today Congress and the White House were unable to agree on including an extension of the solar Investment Tax Credit (ITC) in an end of year tax package meaning the credit will decrease at the end of this year. The measure also failed to include energy storage in the ITC. This represents a missed opportunity to take an achievable step to boost the economy, add jobs and reduce carbon emissions. Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association on this development:
The latest quarterly data on solar growth shows just how resilient this industry is. Even with misguided tariffs that make U.S. solar systems among the most expensive in the world, fifteen states (and the country as a whole) posted their best quarter ever for residential solar in Q3 2019. Just imagine how many states could have had a record-breaking quarter and how much closer we’d be to our next million solar installations if these tariffs weren’t in place.
A new survey released today shows that Americans overwhelmingly support extending tax incentives for clean energy and would change their vote based on the issue.
Today the House Ways and Means Committee released a comprehensive clean energy tax package that includes a five-year extension of the 30% solar Investment Tax Credit (ITC) and new incentives for energy storage.
Through all the politics, extreme weather events and variable electricity prices, solar has become a mainstream choice for homeowners to take control of their energy costs. Hundreds of thousands of Americans are considering going solar right now, and as the start of the solar Investment Tax Credit (ITC) phaseout looms (for now), here is what you need to know to make the right choice and maximize your cost savings.
More than 70 organizations representing farmers, homebuilders, environmental groups, electric cooperatives and a variety of other industries sent a letter to Congress urging them to pass the Renewable Energy Extension Act.
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.