26 May '15, 12pm

Solar Energy Industry Association supports ‘New Energy for America Act’

The Solar Energy Industries Association (SEIA) is backing legislation introduced by Rep. Mike Thompson (CA-5) to extend the Investment Tax Credit (ITC) for both residential and commercial solar installations. The “New Energy for America Act” (H.R. 2412) would extend Section 25D of the federal tax code for residential energy efficient property, as well as the Section 48 commercial ITC, for an additional 5 years. In introducing his legislation, Congressman Thompson, a senior member of the House Ways and Means Committee, said a 5-year extension of the ITC will give the solar industry time to reach “grid parity” in most U.S. electricity markets. “The solar Investment Tax Credit (ITC) is paying huge dividends for America," said ” Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). "Today, the U.S. solar industry is pumping $18 billion a year into o...

Full article: http://www.renewableenergyfocus.com/view/42302/solar-ener...

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