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.
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.
SEIA's Solar Means Business Report tracks solar adoption from America's corporations and businesses. SEIA members at the Watt level and above have access to the full dataset behind this report, containing project level data for more than 38,000 individual commercial solar systems.
On September 17, 2020, SEIA filed a petition for review with the Ninth Circuit Court of Appeals of FERC Order No. 872, which unlawfully discourages the development of qualifying facilities (QF) under the Public Utility Regulatory Policies Act (PURPA).
WASHINGTON, D.C. — The Solar Energy Industries Association (SEIA) yesterday filed a petition for review with the Ninth Circuit Court of Appeals of FERC Order No. 872, which unlawfully discourages the development of qualifying facilities (QF) under the Public Utility Regulatory Policies Act (PURPA).