WASHINGTON, D.C. - Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, on the passage of the Moving Forward Act in the U.S. House of Representatives: “This is an important legislative step, and we thank our champions and leaders in the House for their work to move pro-solar provisions forward in the Moving Forward Act.
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.
WASHINGTON, D.C. — New guidance from the Treasury Department confirms that the safe harbor provisions for the solar Investment Tax Credit will be extended until October 15 as a result of the pandemic, giving solar companies more time to qualify for the important credit.
WASHINGTON, D.C. — On May 21, 2020 Senators Lisa Murkowski (R-AK), Susan Collins (R-ME) and Thom Tillis (R-NC) sent a letter to the Treasury Department requesting changes to safe harbor requirements for solar energy projects in light of the coronavirus pandemic.
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.
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.