Solar ITC 101
The solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the growth of solar energy in the United States. Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000% - creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy in the process. In 2020, SEIA successfully advocated for a two-year delay of the credit, phasedown which has provided critical stability for businesses enduring the economic effects of the COVID-19 crisis.
Congress Must Pass Storage ITC Legislation to Strengthen Grid Reliability & Security
Over the last few years, experts and thought leaders in the energy field have echoed a popular refrain: solar + storage is the future. New legislation introduced last week in the U.S. Congress could mean that future is closer than we think.