1,000 US solar companies are calling for extension of the investment tax credit
Post date: 17/07/2019 - 17:09
Nearly 1,000 companies from across the U.S. solar industry supply chain sent a letter to Congress calling for the extension of the solar investment tax credits (ITC). According to the Solar Energy Industries Association (SEIA) the ITC is one of the most successful clean energy tax policies ever created. The ITC was passed by a Republican-controlled Congress in the 2005 Energy Policy Act and enacted by former president George W. Bush. It was extended in 2015 with bipartisan support until the end of 2019.
»If you want to show a commitment to addressing climate change, you extend the solar ITC,« said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association. »As we debate long-term solutions, now is not the time to abandon the single most successful policy on the books to deploy clean energy in the near-term.«
According to the organization, since its initial passage, the ITC has created more than 200,000 American jobs, added $140 billion in private sector investment, and grown solar deployment by 10,000 percent. Since 2015, solar installations have doubled and there are now more than 2 million installations in all 50 states.