Biden Administration reveals possible intent to extend ITC in new briefing
Today, President Biden and the US Department of Energy released an Issue Letter on solar research, deployment and personnel priorities. The briefing mentions the opportunity to expand the solar ITC to help meet Biden’s clean energy goals:
SEIA celebrated the briefing addressing some of the solar industry’s policy priorities.
“Today’s Biden administration report on solar energy shows that with the right policies, solar energy will help tackle the climate crisis, build a strong US manufacturing sector and create hundreds of thousands of jobs. The Issue Brief clearly shows the tremendous growth of solar over the past decade and outlines a course for solar to increase market share and reduce greenhouse gas emissions,” said Abigail Ross Hopper, president and CEO of SEIA, in a statement. “The report also makes clear that achieving the Biden administration’s goal of a zero-emission electricity grid by 2050 will require billions of dollars in investment and market opportunity for all clean energy generation, including energy storage, electricity delivery, operations and maintenance, as well as community solar. and solar energy for low- and middle-income communities.
“President Biden also plans to expand the tax credit for solar investments, build U.S. manufacturing, accelerate transmission and storage expansion, and build diversity, equity, inclusion and equity goals. in this transition to a clean energy economy. Good trade policy will also be critical to the president’s climate goals. We look forward to working with the administration and bipartisan members of Congress on these critical policy issues, including by advancing infrastructure legislation and the president’s Build Back Better plan. This report shows that the vision can become reality, and we can’t wait to see that happen,” she continued.
Read the full Issue Brief below: