WASHINGTON, DC – Today, the House Small Business Committee held a hearing titled "Bonus Depreciation: What It Means for Small Business." Solar Energy Industries Association (SEIA) President and CEO Rhone Resch released the following statement on the impact of a one year extension of bonus depreciation for the U.S. solar industry:
"SEIA applauds the House Small Business Committee and Chairwoman Velázquez for looking at the effect of a bonus depreciation extension on job creation. For the solar industry – which is largely compromised of small businesses – the effect is clear.
"Whether it is your local mom and pop installer company or roofing and electrical contractors who have found opportunity to use their skills in the growing solar market, these entrepreneurs are setting up shop in all 50 states. A one year extension of bonus depreciation would give these small business owners the opportunity to immediately expand their operations in 2010, creating more jobs and installing more solar.
"Congress should act immediately to extend bonus depreciation so that small solar businesses can continue to create jobs and deploy more solar."
SEIA Bonus Depreciation Fact Sheet
2009 Solar Industry Year in Review
Established in 1974, the Solar Energy Industries Association is the national trade association of the solar energy industry. As the voice of the industry, SEIA works with its 1,000 members to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Learn more at www.seia.org.
SEIA President & CEO Rhone Resch is on Twitter. SEIA is on YouTube and Facebook.