Solar energy is getting cheaper and continues to grow year on year, now accounting for almost half of new electric capacity in the United States. But coal and fossil methane (also misleadingly referred to as “natural gas”) power plants need to be phased out faster than they have been. We need to cut emissions faster than we have done otherwise we will face climate catastrophes beyond what we can imagine and human society as a whole will be hurt and tested like never before. previously.
With that in mind, over 700 solar companies would like to see stronger congressional action on solar energy (and, understandably, solar companies would rather make more money, not less). They sent a joint letter to Congress asking for 6 specific things to give the solar industry a boost. First thing on the list: Extend the Federal Solar Tax Credit (Investment Tax Credit), which cuts the cost of a solar project by 30%.
Second on the list is “Addressing funding issues and gaps by adding direct compensation arrangements to ITC and helping industry meet ambitious deployment goals.”
They also now want stand-alone energy storage projects – not just energy storage projects connected to solar power systems – to be eligible for the aforementioned 30% ITC.
In addition, they are asking the federal government itself to invest in solar energy projects, as well as in transportation, interconnection and grid resiliency projects.
Last – but not least – on the list: “Support training programs and equitable policies that continue to build a strong and diverse solar workforce.” “
The Solar Energy Industries Association (SEIA) points out, “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 target for 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 uplifting, 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. “
Will the voices of more than 700 companies, a $ 25 billion industry, be enough to push for these congressional solar policy commitments? Will the industry see at least a 30% solar tax credit extension? It’s hard to say. The last expansion was supposed to be … the last expansion. But it wasn’t the first time that it had to be the last. Ultimately, the solar energy tax credit, and everything else on that list, serves many bipartisan political purposes. That said, Congress doesn’t always make sense. This is rarely the case, in fact, even on very popular issues in the United States.
If you want to secure a solid tax credit for a rooftop solar project or even a ground solar project, you might want to play it safe and make the pledge soon. If you decide to do this and decide that Tesla is the company you want to work with due to its low prices and maybe other factors, feel free to use my Tesla referral code – ts.la/zachary63404 – for $ 100’s (and a little bonus for me).
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