31 May '15, 8pm

New legislation proposed in US to extend ITC

Over 97% of all installed solar capacity in the US has come online since the ITC was extended in 2006. Image: Cliff1066/Flickr A new piece of legislation has been proposed that would help extend the Investment Tax Credit (ITC) for both residential and commercial solar projects in the US. The “New Energy for America Act” — proposed by US Representative Mike Thompson (CA-5) — would extend the federal tax code for residential and commercial solar installations for another five years. Rhone Resch, president and CEO of Solar Energy Industries Association (SEIA), said: “The solar Investment Tax Credit (ITC) is paying huge dividends for America. Today, the U.S. solar industry is pumping $18 billion a year into our economy and creating tens of thousands of new jobs. “By 2016, we will be generating enough clean solar energy nationwide to power 8 million homes, offsetting 45 million...

Full article: http://www.pv-tech.org/news/new_legislation_proposed_in_u...

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