SEIA - Senate Adopts Solar Tax Credits

STATEMENT BY RHONE RESCH ON SENATE ADOPTING AMENDMENT
EXTENDING SOLAR TAX CREDTS AS PART OF HOUSING STIMULUS BILL

"The entire solar energy industry would like to thank Senators Cantwell and Ensign for their leadership and support of renewable energy.

"By an overwhelming margin, Republicans and Democrats came together in the Senate to support renewable energy as a means for stimulating our ailing economy. More than 85 percent of the public supports greater investment by the federal government in renewable energy1. And Americans know that this move to stabilize the investment climate for solar energy is the right type of economic stimulus at the right time.

"Today’s vote sends a strong signal to the White House that with the right government policies, the solar industry can create thousands of green-collar jobs, spur billions in economic growth and help lift up the U.S. economy. This is must-past, bipartisan legislation that will benefit our economy, improve our energy independence and protect our environment. What could be more American than that?"


Note 1: Zogby International poll, Jan. 18, 2008, http://www.awea.org/newsroom/releases/poll_renewable_energy_012208.html


Learn more at http://www.seia.org/index.php. Background materials including summaries and full text of House-passed and Senate-proposed renewable energy tax credit bills (H.R. 5351 and S. 2821) located at http://www.seia.org/breakingnews.php.

Navigant Consulting Inc. analysis of Economic Impact (jobs, investment) for wind, solar if renewable energy tax credits are not extended, Feb. 13, 2008: http://www.seia.org/Navigant_Tax_Credit_Impact.pdf

Broad coalition support letter dated Apr. 3 at http://www.seia.org/ITC_Letter_4-3-08.pdf. Notable signers (242 total signers) include: 3M, Best Buy, Bosch, Conergy, Dow Chemical Co., Duke Energy, Edison Electric Institute, GE Energy, Home Depot, John Deere, JP Morgan Chase, National Association of Home Builders, National Venture Capital Assn., Sierra Club, Target, Trane, the United Steelworkers and Whirlpool. Also letters of support from U.S. Chamber of Commerce (4-8-08), National Association of Manufacturers (4-8-08), and governors at http://www.seia.org/itc.php.

Solar Energy Industries Association is the national trade association of solar energy manufacturers, dealers, distributors, contractors, installers, architects, consultants and marketers. Established in 1974, SEIA works to expand the use of solar technologies in the global marketplace, strengthen research and development, remove market barriers, and improve education and outreach for solar.