WASHINGTON, D.C.— Lawmakers on the House Ways and Means Committee’s Subcommittee on Tax Policy have re-introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act. The bill includes several key solar provisions, including a five-year extension of the solar Investment Tax Credit (ITC), and a direct pay option for large projects when claiming the ITC.

Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on the re-introduction of this critical legislation:

“SEIA appreciates the work of committee leaders, particularly Chairman Thompson, a devoted clean energy champion, for the inclusion of a long-term extension of the solar ITC in the GREEN Act. Long-term tax policy drives deployment of solar energy, giving companies the certainty needed to make business investments at the scale we need to tackle the climate crisis.

“This is a moment of critical national momentum for climate action, clean energy and environmental justice. Now is the time to act and help our economy and our communities recover. We look forward to working with the committee to continue to refine the legislation, including ways to expand access of distributed generation solar to more families through the tax code, and capitalize on this momentum and address key details as the legislation advances.”

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