“I applaud Chairman Rangel for his leadership in passing H.R. 6049 out of the Ways and Means Committee. We look forward to continuing our work with the House and the Senate to improve the residential solar incentives included in the bill.
“I urge both the House and Senate to support this important legislation in the coming weeks. If this bill fails – and the solar Investment Tax Credits are allowed to expire – it will result in the loss of billions of dollars in new investments in solar. Not extending the solar credits is an enormous tax increase that will cost America tens of thousands of jobs.”
"Economic Impacts of the Tax Credit Expiration" - Study by Navigant Consulting
SEIA Letter to Chairman Rangel on Residential Solar Incentives
Text of the House legislation: http://waysandmeans.house.gov/media/pdf/110/6049.pdf
Summary of the House legislation: http://waysandmeans.house.gov/media/pdf/110/bill.pdf
Op-ed by Calif. PG&E CEO Peter Darbee calling for passage of the ITC:
“Failure by Congress to renew the credits could cost the United States more than 100,000 jobs and billions of dollars annually in new investments. These losses would be felt across the country, in states such as California, Colorado, Illinois, Iowa, Minnesota, North Dakota, Oklahoma, Oregon, Pennsylvania, Texas, and Washington. As a major buyer of renewable energy, we at Pacific Gas and Electric Co. are concerned that without proper tax incentives, there will be a significant slowdown in the development and construction of new renewable energy projects going forward, as developers and investors wait to see whether Congress will act.”
“Time to vote solar” by Arizona Republic, April 22
“...solar power must be a big part of our future. We need the right policies and incentives to fuel it. Sunshine is clean, and we don’t have to worry about pumping the well dry... Big projects like the APS Gila Bend plant hinge on the right mix of financial incentives. Other factors are driving the spread of solar, including higher electric bills and the likelihood of a "carbon tax" on polluting sources of energy. If the federal tax credit isn’t extended, according to a federal analysis, new capacity from large solar plants, such as the APS one, would be delayed by 10 to 15 years.”
"Dumb as We Wanna Be" by Thomas Friedman ? New York Times, April 30 ?
While all the presidential candidates were railing about lost manufacturing jobs in Ohio, no one noticed that America’s premier solar company, First Solar, from Toledo, Ohio, was opening its newest factory in the former East Germany -- 540 high-paying engineering jobs -- because Germany has created a booming solar market and America has not.
Letter from Governor Schwarzenegger to Congressional Leadership – May 13, 2008
“As Congress moves forward on legislation to extend tax credits, I must highlight three critical concerns for California. The extension of federal credits related to incentives for research and development, renewable energy and energy efficiency and a continuation of the ‘patch’ for the alternative minimum tax are hugely important to the health of the California economy.”
Solar Energy Industries Association
805 15th Street NW
Washington, DC 20005