Keep your thoughts positive because your thoughts become your words. Keep your words positive because your words become your behavior. Keep your behavior positive because your behavior becomes your habits. Keep your habits positive because your habits are who you are. Mahatma Gandhi
In some parts of the United States, the solar industry has a slowdown. What we can be happy about right now is the Democratic leadership is holding up the stimulus package to ensure there are tax credits for the renewable energy industries. We at USD want the best for the American population and see this stimulus as the best way to look out for all of us if we are looking long term, and that includes tax credits for our valuable industry.
| To me, this is not a selfish ask for the industry I work. I see this as well-thought-out long term assistance to our countries health and security. The republican party has little interest in supporting the renewable energy industry, so democrats knowing this is an opportunity for the United States to move forward on reducing climate change. Solar companies and homeowners were given a gift in 2015 when Congress approved the 2016 federal spending bill and extended the solar tax credit. |
| The congressional bill contained a five-year solar tax credit extension, giving an affordable way for Americans to go solar. The program helped build the solar industry while at the same time, solar PV manufacturers in China competed for business, lowering the cost of the valuable modules. The combination was effective in the solar industries following years of sharp growth. Today you can save 26% on your solar installation with the federal investment tax credit (ITC), but unfortunately, the federal ITC steps down to 22% at the end of 2020. |
Three Democrats who co-chair the House Sustainable Energy and Environment Coalition include Doris Matsui of California, Gerry Connolly of Virginia, and Paul Tonko of New York requested the stimulus. The stimulus consists of solar, wind, electric vehicle, energy efficiency, and energy storage, the bill called the Green Act. I give the democrats a lot of credit for looking long term and working towards one of their focuses of the future.