I want to share our vision for the next decade, and more specifically, for our new President-elect. It goes without saying that this is an exciting time to be in the solar industry. We are now 32x bigger than we were a decade ago and this $18 billion industry supports American families in every state. Solar is a job-creating engine with bipartisan support and helps to bring clean, affordable electricity to millions.
WASHINGTON, D.C. – Today the Solar Energy Industries Association (SEIA) is releasing a suite of policies and executive actions that it is asking President-elect Biden and the newly elected Congress to act on during their first 100 days in office.
The 2020 election will have tremendous consequences for the future of energy and climate policy in the United States. To meet this moment and provide guidance for the incoming Biden administration and new members of Congress, SEIA has prepared a 100-day legislative and executive agenda.
COVID-19 is Harming Tax Equity Financing At the outset of the COVID-19 pandemic, we heard scattered reports of medium- and long-term decreases to the availability of tax equity financing, as well as those who faced immediate challenges.
The Solar Investment Tax Credit Has Spurred Job Creation The solar Investment Tax Credit (ITC) is one of the most successful clean energy policies in U.S. history and has helped the industry grow by more than 10,000% since it was enacted in 2006. A long-term extension of the ITC was passed by Congress in bipartisan fashion in 2015. This extension included a phasedown schedule that began at the end of 2019. The current 26% credit will step down to 22% at the end of 2020. Before the COVID-19 recession, solar companies added more than 150,000 U.S.
Dozens of major corporations and global brands signed a letter to Congressional leadership, urging them to pass measures in upcoming COVID-19 recovery legislation that will spur clean energy growth.
We can rebuild our economy better than before by enacting commonsense policies that spur longterm growth for solar, including modifying the solar Investment Tax Credit (ITC), streamlining the permitting process for solar projects, supporting domestic manufacturing of clean energy technologies, and investing in our nation’s electricity infrastructure. Investing in solar energy can create hundreds of thousands of jobs while addressing climate change and lowering costs for consumers.
Nearly 650 solar companies signed a letter to Congress on July 13, 2020, urging them to include policies that will support the solar industry as the U.S. recovers from COVID-19. The list includes many of the largest manufacturers, owners, developers, installers and operators of solar projects across the country.
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.