Nearly 1,000 companies from the US solar industry supply chain sent a letter to Congress requesting an extension of Articles 48 and 25D Solar Investment Tax Credit (ITC).l profile steel manufacturer
The Solar Energy Industry Association (SEIA) is leading a national alliance to expand ITC, one of the most successful clean energy tax policies of all time. The International Trade Commission was passed by the Republican-controlled Congress in the 2005 Energy Policy Act and was issued by George W. Bush. It received support from both parties in 2015.
Since then, the vast majority of Americans on both sides have concluded in a number of opinion polls that they hope to develop policies to address climate change. ITC provided an opportunity for both legislators to take initial and meaningful steps to reduce US greenhouse gas emissions.
Abigail Ross Hopper, SEIA’s President and CEO, said: “If you want to demonstrate a commitment to climate change, then you can expand solar ITC.” “Supporting this proven policy is the legislator The first obvious victory for Americans on climate change issues. When we discuss long-term solutions, it is time to abandon the most successful policy of deploying clean energy in the near future.”
ITC, which is scheduled to begin to downgrade at the end of 2019, has a successful track record. Since its initial adoption, ITC has created more than 200,000 US jobs, increased $140 billion in private sector investment and increased 10,000% in solar deployments. Therefore, solar energy reduces emissions every year. Since 2015, solar installations have doubled, and now there are more than 2 million installations in all 50 states.
Sunn co-founder and CEO Lynn Jurich said, “Nearly 1,000 solar companies, regardless of size, support ITC expansion as it continues to create hundreds of thousands of jobs, is driving innovation and expanding Americans’ solar access. “Sunrun is an example of how smart policies like ITC work, employing more than 4,000 employees nationwide, installing solar energy in more than 240,000 homes, and innovating new technologies that benefit all energy consumers. service.”
The letter was signed by companies working in the red, blue and purple-purple, purple and purple regions of each state and is the beginning of a multi-pronged advocacy campaign led by SEIA and its partners.steel c profile manufacturers
“The ITC expansion will help maintain a stable market for sustainable solar energy development in the utility sector,” said George Hershman, president of Swinerton Renewable Energy. “This translates directly into investment in rural communities in our country, by providing more employment opportunities in the solar value chain, providing long-term energy solutions to taxpayers at lower cost, and increasing state and local tax bases. Solar ITC is a worker , taxpayers and the future of American energy.”
The National Alliance is expected to invest heavily in lobbying, advertising, media campaigns, and social media. The alliance will call on legislators to protect 242,000 workers and 10,000 businesses in the solar industry.