ACHEMA MIDDLE EAST

U.S. solar group pushing Biden to end tariffs, extend subsidies

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Ethiopia Expands Geothermal Energy Projects in Rift Valley

Ethiopia is stepping up its geothermal push in the...

UNEZA Target $148B Annual Investment in Grids and Storage

Global utilities have outlined upgraded plans for annual investment...

Univers and AMCHARGE Partner for AI-Led Energy Transition

Univers and AMCHARGE have entered into a Memorandum of...

The U.S. solar industry on Tuesday laid out a list of policies it says could be enacted early next year as President-elect Joe Biden works to deliver on his pledge to ramp fire up clean energy development to create jobs and fight climate change.

The Solar Energy Industries Association, the top U.S. solar trade group, is banking on the support of a Biden administration to achieve its goal of providing 20% of U.S. electricity by 2030, up from just 3% currently.

While the industry has grown rapidly under the administration of Donald Trump, the president has voiced skepticism about the technology and in 2018 imposed steep tariffs on imported panels that dominate U.S. supplies.

Among the $18 billion solar industry’s top asks would be an executive order to lift those tariffs, SEIA President Abigail Ross Hopper said on a conference call with reporters. The tariff at first increased the price of imported panels by 30% and have dropped by 5% ever year. They are scheduled to fall to 18% next year before ending in 2022.

Solar companies also want Congress to extend by five years lucrative tax credits for solar energy systems that have begun to phase out. They want the credit to remain at the original 30% level for five years, SEIA said, and are also seeking a similar credit for energy storage.

The tax credit will help solar keep up its momentum as the economy recovers from the coronavirus pandemic and “provide a roadmap for getting people back to work,” Hopper said.

Four other top priorities include pushing Biden to appoint a “climate czar” who would advance an environmental justice agenda, name Federal Energy Regulatory Commissioners who support clean energy, incentivize development of renewable energy on federal lands, and develop policies that would invest in domestic manufacturing.

 

 

Latest stories

Related stories

Ethiopia Expands Geothermal Energy Projects in Rift Valley

Ethiopia is stepping up its geothermal push in the...

UNEZA Target $148B Annual Investment in Grids and Storage

Global utilities have outlined upgraded plans for annual investment...

Univers and AMCHARGE Partner for AI-Led Energy Transition

Univers and AMCHARGE have entered into a Memorandum of...

Canada Drives Tidal Energy Development with New Initiative

Fisheries and Oceans Canada (DFO) has formally cleared the...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Translate »