SEIA Statement on Senate's Failure to Extend Solar Tax Credits

Solar Energy Industries Association (SEIA) president Rhone Resch today released the following statement after the Senate failed to overcome a fillibuster on H.R. 6049, the Energy and Job Creation Act of 2008 by a vote of 50-44 (on a cloture motion requiring 60 votes to pass). The bill would have extended federal solar tax credits by six years.

“We were disappointed that despite broad support of the American people, business, and environmental groups, Congress was not able to take up and pass an important extension of the solar tax credits today. “It is difficult to understand why Senators would choose to protect an income-tax loophole for billionaire hedge-fund managers instead of creating hundreds of thousands of renewable energy jobs in the US. “More than ever, with record energy prices, record unemployment, and grave concerns about global warming, Congress needs to work out differences so we can stabilize energy costs for consumers and businesses, improve our nation’s energy security and create tens of thousands of quality, green-collar jobs.”

Background Resources:

Kelton Research "Schott Solar Barometer," June 10, 2008

H.R. 6049 Pay-Fors

"Economic Impacts of the Tax Credit Expiration," February 13, 2008 - Study by Navigant Consulting

Text of H.R. 6049:

Summary of H.R. 6049:

White House SAP:

"House takes up $50 billion in tax breaks, energy incentives" by Jim Abrams
Associated Press, May 21

"Stalled Energy Policy Slows Business"
Marketplace Radio, May 15

"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."

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