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WASHINGTON, D.C. — A broad coalition of power teams and their member corporations are becoming a member of forces to carry over 100 conferences with members of Congress and workers from each events in regards to the essential position of fresh power tax credit for supporting a sturdy American power and manufacturing financial system. Taking part teams characterize over 2,000 corporations and lots of of billions of {dollars} in personal funding.
As a part of the lobbying blitz, greater than 1,850 clear power corporations are additionally sending letters to Congress expressing the financial significance of fresh power tax credit and urging lawmakers to protect these incentives. The photo voltaic business letter will be discovered hereand the enterprise leaders letter will be discovered here.
sFederal power incentives are fueling a surge in home clear power manufacturing that’s decreasing U.S. reliance on overseas adversaries and supporting American employees. These insurance policies are driving lots of of billions of {dollars} of investments into power tasks which can be supplying the grid with low-cost, dependable energy amidst the most important enhance in power demand since World Conflict II.
With out federal clear power tax credit, clear power deployment would fall by 237 GW over the subsequent 15 years, in response to Aurora Energy Research. That is sufficient energy to provide 36 million properties.
Within the final two years, 70–80% of all federal clean energy investments have flowed to Republican districts, and 90% of all those investments are within the manufacturing sector.
“Solar can be built faster and cheaper than almost any technology, and it’s clear that we can’t meet our nation’s energy challenges or President Trump’s energy vision without a robust American solar and storage industry,” stated Abigail Ross Hopper, president and CEO of the Photo voltaic Power Industries Affiliation (SEIA). “With support from federal clean energy policies, American solar manufacturers can now produce enough modules to meet all demand for solar in the United States. It’s critical that our elected leaders understand the impact of these policies and the jobs and investments they bring to their constituents.”
“Hydropower is essential to an energy dominant America, but the aging fleet must be preserved and expanded to ensure our industry can provide reliable baseload power to communities across America,” stated Malcolm Woolf, President and CEO of the Nationwide Hydropower Affiliation. “That’s why the NHA is strongly advocating for federal tax incentives to empower our asset owners to upgrade the existing fleet to meet 21st century energy challenges. This includes preserving the technology neutral tax credit that encourages repowering of the existing fleet, as well as much-needed credits for environmental and dam safety investments. Hydropower is well-positioned to create a strong energy future, but our leaders must give it the attention it deserves.”
“Businesses across America right now are just breaking ground or finalizing plans for hundreds of factories and projects that will manufacture the solar panels, batteries and other Made-in-America equipment and deploy the energy we need to meet the exploding demand for electricity across the economy,” stated Bob Keefe, government director of the nationwide nonpartisan enterprise group E2. “Now’s not the time to undermine the federal policies driving this economic boom and the hundreds of thousands of jobs it’s creating. Now’s the time for Congress to keep the investments and opportunities flowing to the folks back home, while also making America competitive again in the global marketplace.”
“Energy tax incentives have a proven track record of increasing U.S. power sector investment and creating good-paying American jobs,” stated Lisa Jacobson, president of the Enterprise Council for Sustainable Power (BCSE). “With energy demand rising, these provisions are critical to developing homegrown energy generation that will power U.S. manufacturing and keep the lights on for homes and businesses. We look forward to connecting our broad portfolio of energy businesses with policymakers to demonstrate the role of these energy tax incentives in driving a vibrant, competitive, and sustainable U.S. economy.”
“Federal energy tax credits are doing exactly what they were designed to do—creating jobs, strengthening our domestic supply chain, and bolstering U.S. energy security,” stated Andrew Reagan, president of Clear Power for America. “These investments are delivering affordable, reliable power while creating hundreds of thousands of jobs in communities across the country. Our energy future relies on preserving policy certainty to ensure Americans have access to affordable, reliable energy while creating good-paying jobs that strengthen our economy.”
“Energy incentives not only benefit manufacturing, but also translate into real opportunities and savings for people and businesses,” stated Peter Templeton, president and CEO of the U.S. Inexperienced Constructing Council. “The current buildings-related energy and energy efficiency tax incentives drive billions of dollars in building upgrades and construction activity, spurring job creation across the building trades and suppliers. Moreover, these incentives help increase energy reliability and reduce energy costs for home and building owners. The federal clean energy tax credits are direct investments in good jobs, reliable energy, lower costs of housing, and thriving American communities.”
“Energy tax credits are helping enable more than $25 billion in American offshore wind supply chain investments and thousands of American manufacturing and shipbuilding jobs,” stated Liz Burdock, president and CEO of Oceantic Community. “Commercial-scale offshore wind projects under development today will provide power to millions of households and help meet rising energy needs in the face of a national energy emergency. We must act to secure these jobs and investments in our Gulf shipyards, Midwestern steel mills, and ports along our coastlines, advance our energy security and independence, and unleash the full portfolio of American-made energy.”
Organizations with member corporations collaborating within the lobbying blitz embrace the Photo voltaic Power Industries Affiliation, Nationwide Hydropower Affiliation, Oceantic Community, Local weather Energy, U.S. Inexperienced Constructing Council, Clear Power for America, E2, Enterprise Council for Sustainable Power, Impression Capital Managers, and dozens of utilities and companies throughout the power sector.
About SEIA®: The Photo voltaic Power Industries Affiliation® (SEIA) is main the transformation to a clear power financial system, creating the framework for photo voltaic to realize 30% of U.S. electrical energy era by 2030. SEIA works with its 1,000 member corporations and different strategic companions to battle for insurance policies that create jobs in each group and form honest market guidelines that promote competitors and the expansion of dependable, low-cost solar energy. Based in 1974, SEIA is the nationwide commerce affiliation for the photo voltaic and photo voltaic + storage industries, constructing a complete imaginative and prescient for the Photo voltaic+ Decade via analysis, schooling and advocacy. Go to SEIA on-line at www.seia.org and observe @SEIA on Twitter, LinkedIn and Instagram.
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