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. Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the Senate’s passage of this historic legislation:
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.
Governor Youngkin Signs Energy Generation Property Tax Exemption Into Law, Strengthening Energy Freedom in Virginia
RICHMOND, VA — Virginia Governor Glenn Youngkin signed a bill into law today which creates a property tax exemption for residential and mixed-use solar energy systems up to 25 kilowatts in size. This new law expands energy freedom for consumers and creates an additional incentive to do business in the Commonwealth. Following is a statement by Will Giese, southeast regional director for the Solar Energy Industries Association:
WASHINGTON D.C. — Today the Internal Revenue Service (IRS) released a new notice that extends safe harbor for solar projects under the Section 48 Investment Tax Credit (ITC). Notice 2021-41 extends the safe harbor rules under IRS Notice 2018-59 from four years to six years for projects that started construction from 2016-2019, and from four years to five years for projects that started construction during 2020.
WASHINGTON, D.C. — Today the Coalition for Clean Energy Jobs and Innovation is calling on political leaders to prioritize clean energy in upcoming infrastructure legislation.
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:
WASHINGTON, D.C. – Today the Solar Energy Industries Association (SEIA) is releasing a suite of policies and executive actions that it is asking President-elect Biden and the newly elected Congress to act on during their first 100 days in office.
A bipartisan group of 231 mayors sent a letter to Congress today urging them to pass the Renewable Energy Extension Act, a five-year extension of the solar Investment Tax Credit.
An extension of the solar Investment Tax Credit (ITC) would spark $87 billion in new private sector investment and add 113,000 American jobs over baseline estimates by 2030
Senator Catherine Cortez Masto (D-NV) and Representatives Mike Thompson (D-CA), Paul Cook (R-CA), and Brian Fitzpatrick (R-PA) today introduced companion bills with a five-year 30% 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.