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Brian H.
Democrat NY 26

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  • Solar Investment Tax Credit

    by Representative Brian Higgins

    Posted on 2015-12-10

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    HIGGINS asked and was given permission to address the House for 1 minute.) Mr. HIGGINS. Mr. Speaker, notably absent from the tax extenders bill released this week is a provision on which 174,000 American jobs depend.

    The solar investment tax credit, a 30 percent credit for the installation of solar on residential and commercial properties, was implemented in 2006. The result has been an annual growth of 73 percent.

    That growth allowed the industry to develop panels that have soared in efficiency and plummeted in price. Solar is our fastest growing energy source and is responsible for 40 percent of all new generating capacity brought online this year. Solar employment is growing at a rate 20 times higher than the overall economy.

    If the solar investment tax credit is not extended, that growth will stop, demand will drop by 71 percent, and 100,000 jobs will be lost; but a 5-year extension would create 60,000 jobs and allow the industry to come to maturity.

    Mr. Speaker, tax legislation that does not include the solar investment tax credit is not serious about creating American jobs. I urge its inclusion.


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