ASK THE EXPERT
“
The American Jobs Plan recognizes that business as usual won’t get us to 100% clean electricity or ensure that solar deployment scales up at the pace needed to meaningfully address the climate crisis. The President’s planned investments in solar energy will enable the industry to deploy the massive amount of renewable energy needed to meet urgent climate goals. The solar Investment Tax Credit (ITC) is responsible for more than 200,000 solar careers, thousands of new businesses, billions of dollars of private investment and emissions reductions across the country. As Congress considers ways to jumpstart our economy and invest in clean energy infrastructure, the ITC remains a top driver of solar deployment today. As a result of the two-year extension SEIA secured at the end of 2020, Wood Mackenzie is now forecasting a 17% increase in solar installations from 2021–2025. Solar businesses need certainty and a stable policy environment to speed deployment and continue to grow their businesses. A ten-year extension of the ITC and direct pay provision could add much needed certainty and help create the market conditions needed for businesses to deploy more solar and meaningfully address the climate crisis. ❂
Abigail Ross Hopper President and CEO SOLAR ENERGY INDUSTRIES ASSOCIATION (SEIA)
RE : NEW • SUMMER 2021 7
© STANDARD SOL AR
Made with FlippingBook Learn more on our blog