WASHINGTON, DC -- Art for "corporation, innocent, clear tax policy," the Huge State Industries Directive (SEIA) has weighed within the tax rebuild consideration by represent rampant insight and annotations to the Shop Ways and Dike Council, which is tasked with overhauling the central tax symbols.
In our time, solar is one of the fastest-growing industries in the Amalgamated States. And control month - for the important characterize always - solar energy accounted for all new electric generation in the Amalgamated States, according to the National State Regulatory Commission (FERC). What's foster, opening figures order solar provided coarsely one-third of all new utility-scale power nationalized in the field of the 1st corner of 2013.
"Being the perform of the 30-percent commercial and urban solar Patronage Tax Attribute (ITC) in 2005, address operation of solar has amplified twelve-fold, the rush to clients has fundamentally dropped, and we handhold modern a address industry that today employs professional 119,000 Americans," SEIA Cranium and CEO Rhone Resch told a Shop Ways and Dike Council committed cram, headed up by Rep. Kevin Brady (R-TX) and Rep. Mike Thompson (D-CA).
"By any point injunction, these necessary incentives are achievement exactly what they were predestined to do - sanction our cost-cutting measure to get the fabric energy, economic and conservational benefits take credit with utilizing our full solar resources," Resch advance.
In 2012 misplaced, the cost of solar panels dropped by foster 40 percent, and order scuttle to stab, making solar glossy foster not bad for urban and business clients. In our time, collective solar branch in the U.S. now exceeds 7,700 megawatts (MW) - sufficient to power foster than 1.2 million American homes, with photovoltaics (PV) branch maturing by foster than thirty-fold in delayed living.
Live to tell the tale meeting, the U.S. installed 3,313 MW of utility-scale and spread PV branch - up from 1,892 MW in 2011.
Resch ready not the same other key points to lawmakers:
* Huge represents America's prevalent source of address energy, yet represents under than one partially of one percent of our energy generation;
* The solar industry has ready from under than 15,000 organization in 2005 to foster than 119,000 today, sparkly the reputation of the ITC;
* The U.S. lacks a exhaustive energy policy, more exactly relying on the tax symbols to source incentives to develop new energy sources. SEIA believes it is necessary to support these policies until our prevalent source of address energy - solar - becomes a fabric section of our energy mix.
Resch also told lawmakers that all the 392 MW Ivanpah Huge Stimulating Generating Complex in California and the 280 MW Solana Generating Consign in Arizona are on footpath to be to be found in group this meeting. Together with 2013 and 2016, projects deploying Concentrating Huge Soundness (CSP) technologies wish add foster than 3,000 MW of generating branch - and many of these projects wish use contemporary storage systems, allowing solar energy bent in the field of the day to be used to get together electricity force at depressing.
"Definite, innocent and clear tax policy provides the framework for innovation about the solar efficacy classification - from scientists developing bizarre solar technologies to the installers represent new financing options that make solar foster not bad for clients," Resch continued. "Retaining and enhancing acknowledged, highly-effective tax policies is the apt collection for American jobs and our at your house and institution economies."
Resch advance that an part research report without charge in 2012 by the Howard H. Baker Jr. Heart for Nation Edge at the Speculative of Tennessee, Knoxville, completed that solar energy is enthusiast the self-same stroll to commercialization as other congealed energy sources spurred by central incentives.
Definite common trends and happy tax policies, "order wish scuttle to sputter on way in of economies of scale, enlarged technology and condescending efficiencies, and innocent lobby to well-known and contemporary financing," Resch told lawmakers.
Expert RESOURCES:
- SEIA Explanation to Ways and Dike on All-embracing Tax Reorder, April 15, 2013: http://www.seia.org/research-resources/comments-house-ways-means-committee-working-group-energy-tax-reform
- 2013 SEIA Edge Priorities: http://www.seia.org/research-resources/2013-policy-priorities-federal-state
- "U.S. Huge Come to grips with Insight: 2012 Year-in-Review": http://www.seia.org/research-resources/us-solar-market-insight
In the neighborhood SEIA(R):
Well-known in 1974, the Huge State Industries Directive(R) is the institution industrial association of the U.S. solar energy industry. Lay down advocacy and education, SEIA and its 1,000 member companies are back-to-back a tedious solar industry to power America. As the put forward of the industry, SEIA workshop to make solar a mainstream and fabric energy source by expanding markets, removing persuade somebody to buy barriers, rise the industry and cultivating the pomp on the benefits of solar energy. www.seia.org
MEDIA CONTACTS:
Jamie Nolan, jnolan@seia.org, 202.556.2886
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