"SEIA applauds the Obama Administration's continued efforts to expand the use of solar energy in America as part of its climate change initiatives."

WASHINGTON, DC – Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today concerning efforts to expand the use of solar energy nationwide by using real estate investment trusts (REITs) as a source of funding for clean energy projects:

"SEIA applauds the Obama Administration's continued efforts to expand the use of solar energy in America as part of its climate change initiatives. One new proposal would clarify how real estate investment trusts (REITs) relate to renewable energy installations, including solar assets. SEIA appreciates the Administration's inclusion of solar assets in REITs, and looks forward to working with the White House and Treasury Department to find effective, new ways that will enable the U.S. solar industry to use REITs to further the President's climate goals."