Businesses emphasize necessity for Congress to increase US solar through federal policy

Sep 9, 2021 06:29 PM ET
  • A letter co-signed by more than 750 United States organisations has called on US Congress to push via policies to considerably ramp up renewables implementation in the country.
Businesses emphasize necessity for Congress to increase US solar through federal policy
Image: Matt Wade/Flickr

The letter, which forms part of a national project led by the Solar Energy Industries Association (SEIA), worries the demand for federal assistance of solar as well as other renewables to assist solve the climate crisis.

The project's leading concerns consist of the expansion of the Solar Investment Tax Credit at the complete rate of 30%, consisting of the intro of a direct pay option, in addition to the establishment of an ITC for standalone energy storage projects.

Presently, energy storage projects only receive tax credits if they are installed at the same time as a nearby solar PV project.

At the same time the letter calls on Congress to pass "durable investments" that raise demand for solar PV, while supplying "long-term certainty" for business ready to invest in United States making facilities. This includes added rewards for solar tools as well as parts made in the United States, echoing comparable calls from Democrat Senator Jon Ossoff earlier this year.

The firms likewise require policies to attend to grid resiliency, seeking Congress to promote the required grid upgrades to fit the thousands of gigawatts of sustainable power essential to decarbonise the United States' power system over the coming decades.

The letter recommendations the demand for solar PV to offer 40% of the US' power need by 2035, a number advertised by the US Division of Energy this week within its 'Solar Futures Research study', released the other day (Wednesday 8 September).

" That suggests quadrupling our present speed of installments by 2030. We remain in a race against time," the letter reads.

" The science is clear: we must swiftly decarbonise the electric grid to mitigate the most awful impacts of environment modification, and the solar Investment Tax Credit is one of the most efficient policy we need to drive solar release in the United States," Abigail Ross Hopper, president at SEIA, claimed.

" The ITC is additionally a proven job maker, as well as after years of policy whiplash, it's time that we offer clean energy businesses the policy certainty they require to tidy up our grid and also create the millions of jobs necessary to develop an equitable tidy energy economic climate."

Tom Buttgenbach, creator as well as CEO of programmer 8minute Solar Energy, worried that the "damaged, outdated clean energy funding system" was postponing the power transition.

"We likewise know that climate calamities will intensify as well as remain to cause even more harm to our culture as well as economy. That is why we highly encourage the government to extend the ITC with 100% direct pay, which will certainly unleash funding for clean energy, and help the solar market spur countless jobs and also fight environment adjustment," he stated.

The most recent version of PV Tech Power discovered the role US states besides the 'Big Three' of California, Texas and Florida are playing in increasing solar deployment. The full short article can be reviewed here by PV Tech Premium clients, or downloaded within PV Tech Power quantity 28, here.

United States solar implementation will at the same time be the subject of much conversation at PV Tech publisher Solar Media's Solar & Storage Finance UNITED STATES occasion, held virtually next month.

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