Nearly 750 companies across the U.S. solar supply chain sent a letter to Congress urging today to act on policies that promote the deployment of clean energies and help us face the climate crisis.
The letter is part of a national campaign led by SEIA in support of transformative solar and clean energy policies in future federal infrastructure legislation. Solar industry calls for long-term solar investment tax credit (ITC) extension as well as a direct payment provision, which will ease project finance problems and protect the industry from related disruptions to the pandemic.
The ITC is the main political engine of the American solar industry. The solar industry is now a $ 25 billion industry that employs more than 231,000 Americans in quality, well-paying jobs in all 50 states. To meet President Biden’s clean energy goal in 2035, the size of the solar workforce must quadruple to more than 900,000 Americans.
“The science is clear: we need to quickly decarbonize the electricity grid to mitigate the worst impacts of climate change, and the solar investment tax credit is the most effective policy we have to promote energy deployment. solar power in the United States, ”said the Chairman and CEO of SEIA. Abigail Ross Hopper. “ITC is also a proven job creator, and after years of political turmoil, it’s time we gave clean energy companies the political certainty they need to clean our grid and create the millions. jobs needed to build a fair, clean energy economy. “
The letter also calls for the addition of self-contained energy storage at ITC and for significant investments to encourage U.S. solar manufacturing capacity. Additionally, the 748 solar companies are urging Congress to tackle grid resilience and prioritize policies to create and train a diverse solar workforce.
Incorporating these key policies into infrastructure legislation will provide stability and a long way to build a strong clean energy economy in the United States.
“A reliable and resilient US energy infrastructure must allow consumers, regardless of income level, tax status and geography, direct access to solar and battery storage,” said Suzanne Leta, policy manager at SunPower. “Federal political leadership from Congress through a long-term extension of the investment tax credit – with equal treatment for individuals and businesses – is essential to ensure that all clients can afford the transition to renewable energies and reap the electricity bill savings and resilience benefits. “
“We know it: the broken and outdated clean energy financing system is holding us back in fully decarbonizing the US electricity grid,” said Dr Tom Buttgenbach, Founder and CEO of 8minute Solar Energy. “We also know that climate disasters will worsen and continue to further damage our society and our economy. That is why we strongly encourage the government to expand ITC with 100% direct salary, which will free up capital for clean energy and help the solar industry to create millions of jobs and fight against the climate change. “
The political priorities outlined in the letter include:
- Extend and strengthen the most effective national policy to stimulate solar deployment, the Solar Investment Tax Credit (ITC), at the rate of 30%. Achieving our collective economic goals will require long-term certainty to allow companies to plan for much greater clean energy development than is possible under current policy.
- Address funding challenges and gaps by adding direct payment arrangements to ITC and help the industry meet ambitious deployment goals.
- Add stand-alone energy storage to ITC to help the United States meet our energy needs and improve the resilience of our electricity supply.
- Making strong investments in clean energy that increase demand for solar power while providing long-term certainty for companies wishing to invest in American manufacturing, including additional incentives for solar equipment and components built here in the United States. United
- Address grid resilience and the upgrades needed to accommodate all new renewable energies to come, including transmission and interconnection.
- Support training programs and equitable policies that continue to build a strong and diverse solar workforce.
News from SEIA