Very soon the U.S. Senate will hold two important votes that have the potential to significantly impact America’s solar industry.
The Senate is slated to consider an amendment offered by U.S. Senator Debbie Stabenow (D-MI) to a pending transportation bill that would extend a host of clean energy provisions, including the Section 1603 Treasury Program.
In addition, the Senate will consider an amendment offered by U.S. Senator Jim DeMint (R-SC) that would sunset a host of renewable energy incentives, including the current law solar Investment Tax Credit (ITC). Here is our answer to the call for action.
We represent the interests of bringing solar to the citizens of Tennessee. As such we ask that you consider reinstituting the provision in the tax code known as 1603 which permits a tax grant for installing solar systems. Why? Because $3 billion dollars a year leaves the state to pay for fuel to power our electric power generation whereas solar energy is free and creates jobs here in the state. TVA has done a good job in getting the citizens here to donate their hard earned money to purchase green power blocks to pay for the solar program. By the end of the year Tennessee will have installed 50 megawatts of solar power. These solar installations will be producing electric power with no fuel cost for the next 40 to 50 years. If the citizens of this state are willing to donate their money to a source of electric power for which they do not receive any personal reward, why not make solar more affordable for our state? Help us bring in an industry that will create jobs and a clean future for our children? With the latest poll showing 9 out of 10 Americans support solar, across the political spectrum, we ask that you act in behalf of the people’s wishes and reinstitute the 1603 tax grant and stop those who want to send money out of our state to continue the status quo.