• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Landmark Legislation Aims to Stimulate U.S. Solar Industry

June 23, 2020 by Solar Industry Mag

What began as a bill aimed at boosting the U.S. transportation and infrastructure sectors has morphed into a $1.5 trillion federal stimulus package that includes provisions of benefit to the U.S. solar industry.

H.R.2, the Moving Forward Act, was recently introduced to the House of Representatives. The bill is planned to be voted on before July 4 and would provide funding for various renewable and green energy projects.

While $300 billion has been allotted to build and fix the country’s infrastructure – including bridges and roads – the bill also aims to address carbon emissions and provide renewable energy companies with credits to aid in the development of future projects.  

Included in the bill are the following provisions to foster the growth of the U.S. solar industry:

  • Extension of credit for electricity produced from certain renewable resources
  • Extension and modification of energy credit
  • Extension of credit for carbon oxide sequestration
  • Elective payment for energy property and electricity produced from
  • certain renewable resources, etc.
  • Extension of energy credit for offshore wind facilities
  • Green energy publicly traded partnerships
  • Grant program for solar installations located in, or that serve, low- income and underserved areas

The following is a statement from the Solar Energy Industries Association (SEIA) on the Moving Forward Act in the U.S. House of Representatives: 

“We are grateful to House leaders for introducing the Moving Forward Act, which includes several pro-solar provisions. We look forward to working with bipartisan leaders in the House and Senate on policies that help put American solar workers in a position to lead economic recovery from the COVID-19 economic crisis,” says Abigail Ross Hopper, president and CEO of SEIA.  

“We know that with the right policies in place, including many of those proposed in the Moving Forward Act, clean energy can add hundreds of billions of dollars in investment and perhaps a million or more jobs back into the economy. Close to 90% of Americans support policies to promote a clean energy future. We will continue to work with Congress to push for policies that help restore lost solar jobs and resume our industry’s progress in the Solar+ Decade,” she adds.  

To access the full transcript of the Moving Forward Act, click here. 

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Apollo Makes Structured Investment in U.S. Wind Inc.
  • eia.gov logo U.S. liquefied natural gas exports remain at low levels this summer
  • The Canadian Renewable Energy Association Names President and CEO
  • UMD Researchers Receive Grant to Examine Solar, Agriculture
  • Carbon Trust: 70 GW of Floating Wind Capacity by 2040
  • Offshore Wind Industry Needs 77,000 Trained Workers by 2024
  • Enel Starts Construction on Lily Solar+Storage Project
  • OPSB Removes Modified Turbine Feathering Requirement from Icebreaker Project
  • The Illinois Power Agency Axes Renewable Incentives
  • Recurrent Breaks Ground on One of California’s Largest Solar+Storage Projects

Footer

Trending

  • Apollo Makes Structured Investment in U.S. Wind Inc.
  • U.S. liquefied natural gas exports remain at low levels this summer
  • The Canadian Renewable Energy Association Names President and CEO
  • UMD Researchers Receive Grant to Examine Solar, Agriculture
  • Carbon Trust: 70 GW of Floating Wind Capacity by 2040

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com