Skip to main content

Seal the #AmericanEnergyDeal: Congress, It’s Time to Invest in U.S. Clean Energy

Thursday, Jul 07 2022

SEIA Comms Team
Solar Workers

Solar workers developing a community solar project on the Ute Mountain Ute Tribe Reservation in Colorado. Photo courtesy of the GRID Alternatives Tribal Program.  

President Biden entered the Oval Office on the promise of a new energy economy that would revive economic opportunities for American workers, drive down costs and slash emissions. Now, a year and a half later, action is even more urgent. As the window of opportunity narrows for Congress to act, the time is now to cut an American Energy Deal.   

Energy is front and center on Americans’ minds. In the months since the House of Representatives first voted on a package including historic clean energy policies, electricity prices rose 12%, consumer confidence declined by more than 15%, the war in Ukraine rattled energy security and reliability nerves and climate impacts from heat waves to flooding impacted communities across the country. We also must make sure that energy policy supports environmental justice and clean energy in disadvantaged communities. These are all challenges that investments in an equitable clean energy economy would alleviate, if not resolve, enabling America to power up clean, cheap energy production here at home.  

To achieve this, a central component of any energy deal must be a long-term extension of the Investment Tax Credit (ITC). The ITC is arguably the most influential solar policy in America. Since 2006, the solar industry has grown to employ more than 230,000 Americans and has generated substantial private sector investment. Yet to drive growth at the pace required to tackle climate change, U.S. solar and storage businesses must have the investment certainty provided by a long-term extension of the ITC. Phasing the credit down or letting it lapse at this stage would limit job growth and snuff out hundreds of billions of dollars in future private sector investment.

The Solar Energy Industries Association (SEIA) also supports policies that would increase the flexibility of financing —such as direct pay —  in order to rapidly deploy solar and storage and drive demand for manufacturing.  

To that end, no deal would be complete without a commitment to domestic solar manufacturing. Companies are waiting in the wings to invest billions of dollars in American manufacturing if Congress passes supportive policies. Absent this legislation, and with seriously-flawed current trade and tariff policies, American solar manufacturing will be imperiled.    

The Solar Energy Manufacturing for America Act (SEMA), championed by Sen. Jon Ossoff (D-Ga.), would jumpstart domestic production. SEMA would build a U.S. supply chain, helping the solar industry to reach its goal of 50 gigawatts of annual domestic production capacity by 2030 and  creating manufacturing jobs across the country.  

Members of Congress know what they need to do to bring cleaner, cheaper, and more reliable energy to their constituents.  The opportunity exists. Now it’s time to make an #AmericanEnergyDeal and get this done.  

Join SEIA’s efforts to pass an #AmericanEnergyDeal before summer recess by marking your calendars for a day of action on July 12 and signing a letter to Congress calling for immediate action.  

Article Type

Related News

Sunday, Aug 07, 2022

Senate Ushers in New Era of American Energy Leadership with Inflation Reduction Act

WASHINGTON, D.C. — Today the Senate passed the Inflation Reduction Act which includes long-term solar and storage tax incentives, investments in domestic solar manufacturing and other critical provisions that will help decarbonize the electric grid with significant clean energy deployment.

Read More
Friday, Aug 05, 2022

Arizona Businesses Press for Final Passage of the Inflation Reduction Act

WASHINGTON, D.C. — More than 90 Arizona solar and storage businesses sent a letter to Senators Krysten Sinema and Mark Kelly today lauding the potential impact of the Inflation Reduction Act (IRA) on the state’s clean energy economy and urging Congress to pass the transformative legislation.

Read More
Wednesday, Jul 27, 2022

Solar and Storage Industry Statement on Reconciliation Deal

WASHINGTON, D.C. —   Following is a statement from SEIA president and CEO Abigail Ross Hopper on the reports of a reconciliation deal between Senator Manchin and Leader Schumer:

Read More