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Solar advocates strengthen push for ITC extension, standalone storage credit

July 12, 2022
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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 power deployment and manufacturing provisions. Over 400 photo voltaic and storage corporations despatched a letter to congressional leaders right now urging them to go the laws as lots of of fresh power 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 huge clear power and financial win Washington lawmakers can ship to voters.

“The message from lots of of photo voltaic and storage corporations and advocates right now is straightforward: Congress must get this accomplished,” mentioned Abigail Ross Hopper, president and CEO of the Photo voltaic Vitality Industries Affiliation (SEIA). “It is a once-in-a-generation window for leaders in Washington to ship on their promise to deal with local weather change, create clear power jobs and ease the tight grip of inflation and the worldwide power disaster.”

The coalition of fresh power companies, employees, commerce teams and advocates are rallying help 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 power storage. The ITC is a confirmed job-creator that’s able to sparking historic ranges of photo voltaic and storage deployment and is a obligatory coverage instrument to drive development on the tempo required to deal with local weather change.

See also  rPlus Energies is developing Utah's largest solar + storage project

Incentives for home clear power manufacturing, particularly Sen. Jon Ossoff’s Photo voltaic Vitality Manufacturing for America Act (SEMA), are an important component of the reconciliation package deal. 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 power manufacturing. SEMA is the proper automobile to realize this imaginative and prescient, and a long-term ITC extension will make sure the demand is there for brand spanking new manufacturing.

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

Learn the company letter to Congress and study extra in regards to the photo voltaic and storage {industry}’s advocacy for an #AmericanEnergyDeal.

Information merchandise from SEIA

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Tags: AdvocatescreditextensionITCpushsolarstandalonestoragestrengthen
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