...Over 200 mayors across the country urge Congress to extend the solar Investment Tax Credit | Solar Builder
 

Over 200 mayors across the country urge Congress to extend the solar Investment Tax Credit

 

Capitol building congress

Solar investment is a local issue, which is why a bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress (see here) urging them to pass the Renewable Energy Extension Act and extend the solar Investment Tax Credit (ITC) for five years.

“Mayors are increasingly turning to solar energy to fight the effects of climate change and generate millions of dollars of private investment in their cities,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “We’re thrilled to have their support as we fight to preserve one of the most successful clean energy policies in U.S. history.”

For years, mayors on both sides of the aisle have provided frontline support for major hurricanes, wildfires, droughts, polar vortices and more. They’ve pushed for sound, long-term solutions to these weather events, including the transition to renewable energy. In fact, 28 of the cities represented have 100% renewable energy commitments.

“As the nation’s largest municipal user of renewable energy, Houston understands that sustainability and resiliency go hand in hand,” said Sylvester Turner, Mayor of the City of Houston. “Continuing to support the growth of renewable energy will help the U.S. lead the energy transition, reduce greenhouse gas emissions, and build smarter, more resilient communities.”

Mayors also understand the local, immediate impacts solar can have on families, businesses and the communities they serve. If extended, recent analysis from SEIA and Wood Mackenzie Power & Renewables finds that the ITC could create an additional 113,000 jobs and $87 billion in economic investment by 2030.

“Adding Hanwha Q Cells to our manufacturing community represents much more than just jobs created,” said Dennis Mock, Mayor of the City of Dalton, Ga. “Dalton relies heavily on the carpet industry and was hit hard during the last recession. Hanwha affords Dalton the diversity in industry that will help sustain our community and gives other companies confidence in our community and the opportunity to join the budding manufacturing hub in the Southeast.”

The impact of the ITC spans the United States and transcends party affiliation. The bipartisan group of mayors represent large cities like Philadelphia and San Antonio, as well as mid-size and small cities like Wichita, Kan. and Bozeman, Mont. In addition, more than 60 mayors that signed onto the letter are working in districts that have a Republican member of Congress.

The ITC, which is scheduled to start stepping down at the end of 2019, has a proven track record of success. Since its initial passage, the ITC has created more than 200,000 American jobs, added $140 billion in private sector investment, and grown solar deployment by 10,000%.

SEIA is leading a major campaign to push members of Congress to send President Trump legislation that would extend clean energy tax credits, including the solar ITC for five years.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: ,

Comments are closed here.