SEIA Expresses Concerns About Newly-Released Senate Tax Plan

WASHINGTON, D.C. – After reviewing a draft tax plan released today by Senate Finance Committee Chairman Max Baucus, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement:

"While we appreciate efforts by Chairman Baucus to make the convoluted U.S. tax code simpler and fairer for everyone, we're very concerned that reducing the solar Investment Tax Credit (ITC) and dramatically altering the way companies depreciate their assets could jeopardize future clean energy development in the United States. At a time when we're searching for creative ways to reduce carbon emissions, fight climate change and improve U.S. competitiveness, the continued development of a strong, viable solar industry in the U.S. is critically important.

Today, solar is one of the fastest-growing industries in America, employing 120,000 workers and generating more than 10.3 gigawatts (GW) of clean electricity – enough to effectively power 1.7 million homes. And smart, effective policies, like the solar ITC, are helping to power record growth in the solar sector. We look forward to working with both the Senate and House to find common-sense ways to reform the tax code, while continuing to incentivize the kind of growth needed in America to ensure prosperity for future generations."

Featured Product

GreenFasten™ solar panel roof mount hardware, watertight, USA made

GreenFasten™ solar panel roof mount hardware, watertight, USA made

The GreenFasten™ - GF1 system utilizes the patented watertight technology EcoFasten Solar® is known for. The flashing is fit with our EPDM rubber bushing and when used with a compatible EcoFasten Solar compression bracket (milled with countersink), a watertight seal is created, which protects the integrity of the roof. Requiring just a single fastener (lag bolt or self-drilling), GreenFasten provides the fastest install in the industry and will not void roofing manufacturer's warranties. Backed by IAPMO certification, GreenFasten delivers a mounting solution for all new or existing (retrofit) composition shingle roofs, and is the most cost-effective solution available. Like all of the solar roof mount solutions in our line of products, GreenFasten is made in the USA using recycled materials.