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Solar Investment Tax Credit

The United States 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.

Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on the tax package: 

“This is a positive development for everyday Americans who want access to affordable clean energy. The Solar Investment Tax Credit (ITC) enjoys bipartisan support in the House and is responsible for making solar energy an American economic success story. An ITC extension will create thousands of jobs, add billions of dollars in private investment to the economy and reduce emissions. These benefits will be further accentuated with the inclusion of storage in a clean energy tax package.

"While the discussion draft is an important step forward, now is not the time to stop pushing. We still need to make sure solar remains part of any end-of-year deal and our fight isn’t over until an ITC extension is enacted into law. This package clearly conveys the sentiment that the ITC should be extended and we commend the House Ways and Means Committee for making solar expansion a priority. We urge Congress to consider this package and pass an extension of the solar ITC.”

Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association is the national trade association of the U.S. solar energy industry, which now employs more than 242,000 Americans. Through advocacy and education, SEIA is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. 

Labels: Solar Energy Industries Association,DefendtheITC,renewable energy extension act,solar investment,carbon reduction

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