Inflation Reduction Act: Solar Energy and Energy Storage Provisions Summary
As of August 08, 2022, the Inflation Reduction Act (IRA) has passed in the Senate but is still awaiting passage in the House of Representatives and then must be signed by the president. This summary reflects what is in the most recent available draft of the legislation.
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. 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:
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.
Solar and Storage Industry Backs Banking Reforms that Bolster Equitable Clean Energy Deployment
Today the Solar Energy Industries Association (SEIA) is urging banking regulators to expand the use of the Community Reinvestment Act (CRA) to include financing support for solar and storage projects of all sizes.
SEIA Comments on the Community Reinvestment Act
In comments submitted on August 4, 2022, the Solar Energy Industries Association urges banking regulators to expand use of the CRA to include financing support for solar and storage projects of all sizes.
Three Reasons to Invest in Solar at a Time of Record Inflation
With no relief in sight, lawmakers must do everything in their power to improve energy affordability for their constituents. Clean energy can stabilize energy costs and save families money, helping to mitigate the effects of inflation. Lawmakers already have a blueprint to invest in clean energy through the Inflation Reduction Act of 2022 — now it’s time to get this legislation across the finish line.
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:
Solar and Storage Industry Commends Energy Dept. for Targeted Actions to Expand Community Solar
WASHINGTON, D.C. — Following is a comment from Sean Gallagher, vice president of state and regulatory affairs at the Solar Energy Industries Association (SEIA) on the Biden-Harris administration’s efforts to expand community solar:
Advocates Celebrate Wins for Clean Energy in Georgia, Urge Action on Rooftop Solar
ATLANTA – In a victory for Georgia consumers and the clean energy economy, the Georgia Public Service Commission (PSC) voted to approve a solar resource plan that should result in an increase in Georgia Power’s solar energy procurement by 6 to 9 gigawatts through 2035 and add 500 megawatts of battery storage to the energy grid. When paired with solar, energy storage can keep the lights on reliably, even during extreme weather conditions and spikes in electricity demand.