Biden administration reveals possible intent to extend ITC in new briefing

Today, President Biden and the U.S. Department of Energy released an Issue Brief on solar energy research, deployment and workforce priorities. The briefing mentions the possibility of extending the solar ITC to help reach Biden’s clean energy goals:

SEIA celebrated the brief for addressing a number of solar industry policy priorities.

“The Biden administration’s report today on solar energy shows that with the right policies in place, solar will help tackle the climate crisis, build a strong U.S. manufacturing sector and create hundreds of thousands of jobs. The Issue Brief clearly demonstrates the massive growth in solar over the last decade and charts a course for solar to grow market share and reduce emissions of greenhouse gases,” said Abigail Ross Hopper, president and CEO of SEIA, in a statement. “The report also makes it clear that meeting the Biden administration’s goal for a zero-emissions electricity grid will require billions of dollars of investment and market opportunities through 2050 across all clean energy generation, including energy storage, electricity delivery, operations and maintenance, as well as community solar and solar for low- and moderate-income communities.

“President Biden also plans to extend the solar Investment Tax Credit, build U.S. manufacturing, accelerate transmission and storage expansion and build diversity, equity, inclusion and justice goals into this transition to a clean energy economy. Good trade policy also will be critical to the president’s climate goals. We look forward to working with the administration and bipartisan members of Congress on these critical policy issues, including by advancing infrastructure legislation and the president’s Build Back Better plan. This report shows that the vision can become a reality, and we can’t wait to see that happen,” she continued.

Read the full Issue Brief below:

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