US Congress introduces 5-Year ITC extension bill
Post date: 28/07/2019 - 17:52
US Senator Catherine Cortez Masto and three Representatives introduced companion bills with a five-year 30 percent extension of Section 48 and Section 25D Solar Investment Tax Credits (ITC). The Renewable Energy Extension Act will call for the extension of the tax credits, according to the Solar Energy Industries Association (SEIA). The organization is urging lawmakers »to pass this critical legislation that is responsible for creating hundreds of thousands of jobs, sparking more than $140 billion in private investment and growing solar deployment by more than 10,000 percent«.
These bills »are clear, easy wins members of Congress can deliver to their constituents that create jobs, bolster the economy and address climate change,« said Abigail Ross Hopper, SEIA President and CEO.