This past week we remembered the incredible achievements of the Apollo 11 team that put the first man on the moon, 50 years ago. CBS, CNN, and other media organizations did a great job covering this with segments throughout the week and specials using the original footage from the historic day/week back in July of 1969.
Dear Members of Congress,
As some of the nation’s leading solar energy companies, we write to convey the importance of extending the Section 48 and Section 25D investment tax credits (ITC) for solar and other clean energy resources.
The ITC has a tremendous track record of spurring clean energy deployment across the country, creating nearly a quarter million well-paying jobs and driving down electricity costs for consumers, businesses and municipalities. It also has generated significant economic activity, accounting for $140 billion in private investment since its inception.
As you consider clean energy tax legislation, we urge you to include a multiple-year extension of the Section 48 and Section 25D tax credits before they begin to phase down at the end of this year. The residential and commercial investment tax credits will step down from 30 percent at the end of this year. The credit falls to 26 percent in 2020, 22 percent in 2021, and, in 2022, the residential renewable energy credit is eliminated, and the commercial investment tax credit drops to 10 percent.
As a result of these credits and greater competition in the electricity sector, more Americans have access to clean energy than ever before. The greatest solar job growth today is happening in the Midwest and Southeast, in emerging markets such as Kansas, North Dakota, Illinois, Alabama and Florida. More than 240,000 Americans work in solar energy today, a figure that has more than doubled since 2010. According to the Bureau of Labor Statistics, “solar installer” could become the fastest-growing occupation in America.
While this recent success has driven 50 percent annual solar growth over the past decade, solar energy can do more for the economy, especially since it accounted for only 2.3 percent of total U.S. electricity generation in 2018 and less than 1 percent of generation in 29 states. Harmful public policy changes could quickly compromise future growth. For instance, the solar industry has experienced $8 billion of cancelled or deferred investments and the loss of 9,000 jobs in the wake of federal policy changes singling out solar. That's why we're asking you to extend the Section 48 and Section 25D investment tax credits for clean energy resources and support the continued growth of solar nationwide.
Thank you for your continued work and leadership developing American-made clean energy. We appreciate your consideration of our views and look forward to bringing solar to more of your constituents.
Breiter Planet Properties
m: (401) 954-6450
On a brisk Saturday morning, residents from across Southeastern Massachusetts came together along the shoreline of the Mt. Hope Bay to watch the demolition of the two Brayton Point cooling towers.
We just started and completed the Jean Family's solar installation for their home in Everett, Massachusetts last week
The BuildingEnergy Boston Conference + Trade Show is the region's leading event for professionals and practitioners in the fields of high-performance building, energy efficiency, and renewable energy. It brings more than 1,500 industry leaders and emerging professionals together to learn from and share ideas with each other. This year's event will be Thursday and Friday, March 14-15, 2019 at the Westin Boston Waterfront.
The theme of BuildingEnergy Boston 2019 is Know-How. This year's Conference Chairs are developing a session line-up that focuses on practical skills and immediately applicable knowledge—the innovations we're working on now, our recent lessons learned, the skills we wish all our colleagues had.
Throughout the country, we have seen rapid growth in the residential solar space supported by a wide range of industry players and solar offerings. However, growth has been slow in our low and moderate-income communities where the benefits of solar and energy efficiency services are more impactful. The goal of this session is to showcase various state approaches to bringing solar and energy efficiency resources to underserved communities and educate attendees about how these innovative solutions have been effective in doing so. We will highlight programs that offer a solar lease, solar loan, and community solar offerings.
Contrary to President Trump, more and more U.S. states are setting their sights on an ambitious expansion of solar and other renewables. Five new state governors elected in the midterms are committed to achieving 100% renewable electricity. Several others are also pro-clean energy and pro-solar.