SEIA - Statement on Senate's Opportunity to Extend Solar Tax Credits

 
STATEMENT BY RHONE RESCH URGING CONGRESS TO IMMEDIATELY PASS THE BROAD ENERGY AND TAX EXTENDER PACKAGE THAT IS CURRENTLY AWAITING SENATE FLOOR CONSIDERATION
“Just two days ago the U.S. Senate, largely along party lines, defeated a broad energy and tax extenders package for the fourth time. The bill awaiting passage is supported by a diverse coalition including manufacturers, construction firms, environmental groups, electric utilities, chemical companies, banks, investors, labor, public health and religious organizations, trade associations and many others.

"This legislation would have extended the residential and commercial tax credits for solar energy for eight years.
“According to Navigant Consulting, failure to swiftly enact these tax credits will result in the loss of more than 116,000 jobs and $19 billion in investment in 2009 in the solar and wind energy industries alone. 
“A poll by Kelton Research this week reported that 94 percent of the American public believes it’s important for the U.S. to develop and use solar energy. This supports our consistent efforts to pass any and all legislation incorporating long-term extensions of the solar tax credits. The solar industry never imagined that calling for passage of fiscally responsible legislation would be so divisive.
“We need quick, bipartisan action to pass this bill. We call on Congress to extend solar tax credits which will create tens of thousands of American jobs, help stabilize rising energy costs for families and businesses, and help us achieve national energy security.  We acknowledge and appreciate the broad support from both Democrats and Republicans for solar energy in Congress.”