California Passes Technical Fixes to Reduce the Cost of Solar Project Financing

SACRAMENTO, Calif. and WASHINGTON, D.C. — Following is a statement from Rick Umoff, senior director and counsel, California at the Solar Energy Industries Association (SEIA):

“We commend Senator Hertzberg for his leadership and the California legislature for passing SB 267, which makes California a more attractive state for investment by clarifying how solar projects are assessed.
 
“In order to maintain California’s leadership and to reach 100% clean energy, we need to focus on eliminating deployment barriers. Over the last few quarters California’s solar market has cooled off, which has caused the state to slip in the national rankings for solar in part due uncertainty around solar project investment. This much needed fix will help to stabilize the California solar market and attract new solar and storage development to help meet our clean energy and reliability needs. 

“We urge Governor Newsom to sign this bill into law so the industry can focus on deploying clean, affordable energy across the state.”

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About SEIA®: 

The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram. 

Media Contact: 

Jen Bristol, SEIA’s Director of Communications, jbristol@seia.org (202) 556-2886