30 Oct '14, 10am

A Fight Ahead For Solar Equipment Tax Credits

A Fight Ahead For Solar Equipment Tax Credits

The president of the Solar Energy Industries Association (SEIA) is promising to fight for the continuation of a 30 percent federal income tax credit (ITC) for solar equipment beyond its scheduled expiration at the end of 2016. Speaking to the opening session of the Solar Power International trade show in Las Vegas on October 20, SEIA President and CEO Rhone Resch said the SEIA would lead the "Extend the ITC" campaign to keep the tax credit at its current level. He said the campaign would gear up in 2015 when a new Congress is sworn in, and told attendees that their livelihoods depend on the outcome. A single utility-scale wind turbine was installed in the U.S. in the first half of 2013, he said, because of a panic over the Production Tax Credit that helped build that industry. Thirty thousand jobs in the industry disappeared. "Don't kid yourselves," he said in the text of ...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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