Circular Energy Urges Texas Senator To Extend Solar Investment Tax Credit

James D. Steffes, CEO of Circular Energy, today included his signature on a letter by SEIA to Congress concerning extending the 30% Investment Tax Credit (ITC).

Calling it a huge incentive tied to Texas jobs and economic prosperity, James D. Steffes, CEO of Circular Energy, today included his signature on a letter to Texas Senator John Cornyn concerning extending the 30% Investment Tax Credit (ITC) for commercial and residential solar users.


Texas solar companies employ 7,000 workers and annually invest millions of dollars in solar projects across the state. These companies and Texas solar workers would greatly benefit from legislation that extends these expiring provisions of the federal tax code.

In 2014, the state of Texas saw 129 MW of solar electric capacity installed, ranking it as one of the top ten states for solar power. The 330 MW of solar energy currently installed in Texas ranks it 10th in the country in installed solar capacity. There is enough solar energy installed in the state to power 57,000 homes.

According to the Solar Energy Industries Association, average electricity rates have increased more than 20 percent in 10 years for commercial users, moving from $0.08/kWh to more than $0.10/kWh. Businesses in Texas are turning to solar power as a source of low-cost energy, and as a means to help them reduce fixed costs.

Deploying solar projects that can provide power on the utility and distributed generation scale requires a stable investment environment and steady, supportive federal policies. The ITC has been a major contributor to the rapid growth of the solar industry both nationally and in Texas.

The ITC has changed America for the better. The solar industry employs nearly 175,000 Americans, pumps $15 billion dollars a year into the US economy, and offsets more than 20 million metric tons of damaging carbon emissions. $66 billion dollars has been invested in solar installations nationwide since 2006.

Circular Energy supports extending the 30% Solar Investment Tax Credit to ensure that the incredible economic growth and environmental improvements we've seen thanks to the solar energy industry do not taper off.

Featured Product

WS510 Secondary Standard

WS510 Secondary Standard

In the monitoring of large photovoltaic (Utility Scale), in assessing potential sites (Solar-assessment), or in up and coming electricity cost saving initiatives projects (Commercial & Industrial), the WS510 now provides the market a secondary standard pyranometer, ultrasonic wind speed, ultrasonic wind direction, temperature, pressure and humidity all in a single unit.. This sensor meets the high demands of the world meteorological organization (WMO) through the active valving at air temperature measurement and the inertia- and maintenance-free measurement of wind speed and wind direction on the ultrasonic principle. Equipped with a Kipp & Zonen pyranometer of the secondary standards, the WS510-UMB Compact weather sensor from Lufft unites the precision of a variety of meteorological individual sensors in a single all-in-one device, for the first time.