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Hundreds of Companies Ask Congress to Pass Solar ITC, Energy Storage Credit Bills

July 12, 2022
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Abigail Ross Hopper

The U.S. photo voltaic and storage {industry} and its allies are ramping up a push for Congress to go a reconciliation invoice with historic clear vitality deployment and manufacturing provisions. Over 400 photo voltaic and storage firms despatched a letter to congressional leaders urging them to go the laws as lots of of fresh vitality advocates make calls to places of work on Capitol Hill.

These actions are a part of an industry-wide day of motion that emphasizes the large clear vitality and financial win Washington lawmakers can ship to voters.

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“The message from lots of of photo voltaic and storage firms and advocates immediately is easy: Congress must get this achieved,” says Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “It is a once-in-a-generation window for leaders in Washington to ship on their promise to sort out local weather change, create clear vitality jobs and ease the tight grip of inflation and the worldwide vitality disaster.”

“Ongoing inflation and the worldwide vitality disaster demand that lawmakers lastly get these insurance policies over the end line to ship vital cost-savings for households,” Hopper provides. “America has the means to turn out to be extra vitality and local weather safe by placing folks to work producing and deploying clear vitality right here at dwelling, and now leaders should acknowledge the urgency of the second by passing this laws.”

See also  Strong Supply Chain Needed for U.S. Clean Energy Transition, DOE States

The coalition of fresh vitality companies, employees, commerce teams and advocates are rallying assist for a complete suite of insurance policies, together with a long-term extension of the photo voltaic Funding Tax Credit score (ITC) and a standalone credit score for vitality storage. The ITC is a job-creator that’s able to sparking historic ranges of photo voltaic and storage deployment and is a vital coverage device to drive progress on the tempo required to sort out local weather change.

Incentives for home clear vitality manufacturing, specifically Senator Ossoff’s Photo voltaic Power Manufacturing for America Act (SEMA), are an important component of the reconciliation bundle, SEIA emphasizes. With near-term commerce certainty in place due to President Biden’s photo voltaic tariff pause, Congress has a chance to enact efficient industrial coverage for clear vitality manufacturing, the group provides.

“The time for rhetoric is over, and the one factor left is to chop a deal,” concludes Hopper. “The photo voltaic and storage {industry} is motivated, mobilized and able to make our clear vitality future a actuality if Congress acts. It’s time.”

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Tags: BillsCompaniesCongresscreditEnergyHundredsITCPasssolarstorage
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