Take Action to Salvage the Solar Tax Credit!

Take Action to Salvage the Solar Tax Credit! This Investment Tax Credit (ITC), the tax credit that's allowed homeowners and organizations to deduct 30 percent of the price tag on a solar array from other taxes, is set to expire by the end of 2016 for residential solar and become reduced to 10 percent for commercial solar powered energy. However, the Senate is considering a few tax credit extensions—and extending the ITC could be among them. But to give it a possibility Solar Energy Industries Relationship (SEIA) is asking men and women write their legislators to support it and has designed an online campaign to take action.

Extending the ITC could lead to continued job growth and much more solar installed across the actual U. S. But using a Republican-controlled Senate and Household of Representatives Legislators may well not opt to extend the actual tax credit—at all, even though solar is proving favorite in both red and also blue states. Previously this coming year, legislation has been introduced to give the credit, but it has not yet been profitable. Slide from SEIA movie about solar's jobs increase. Courtesy SEIAToday SEIA Us president Rhone Recsh made a impassioned plea to urge Senators to add the ITC in the actual tax credit extender laws claiming, “The next 48 time could decide the fate of solar panel technology in America! ”


“Momentum is building in the U. S. Senate for legislation to extend more information on important, but expiring taxes credits, ” Resch explained. “We’re fighting hard for making solar energy the main bill, but we can’t take action alone. This very well could be our only chance this year to obtain the hugely-successful solar ITC extensive. ”

The solar advocacy corporation has given the ITC most of the credit for and helps to create 150, 000 jobs in the last few years, growing the to more than 174, 000 jobs. That means solar power now employs more people versus entire coal industry really does.

“If allowed to expire by the end of 2016, as appointed, many industry experts are usually predicting ‘dire consequences’—with Oughout. S. job losses totaling in the tens of thousands—and up to 90 percent of all solar companies moving away from business, ” Resch contended.

“What can you do to help? Most importantly, send an email to your two Oughout. S. Senators, urging them to speak to Finance Committee Chairman Orrin Hatch (R-UT) and also Ranking Member Ron Wyden (D-OR) to ensure that solar energy is included in any tax extenders legislation forward movement this year, ” Resch urged.

The form is simple to fill out and advocacy groups like SEIA have found email campaigns are becoming more potent in swaying legislators’ opinions an increasing number of, so take a couple minutes to support an extension of the actual ITC today.