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

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.