Monday, July 29, 2013

Lawmakers to start with no tax breaks and add them back in one at a time!

SEIA urges US lawmakers to include solar incentives in new tax code


29.07.2013: The US Solar Energy Industries Association (SEIA) has launched a campaign to encourage US lawmakers to include renewable energy incentives in any new tax code and to advocate for the solar Investment Tax Credit (ITC). »Congressional leaders are approaching tax reform from a blank slate perspective,« the SEIA explains. »They will eliminate all tax incentives – for energy, for businesses, everything – and force lawmakers to advocate on behalf of the ones they think are important.« Senators are being asked to provide input on which tax expenditures should be retained or improved in a reformed tax code. The SEIA is asking constituents to contact their state senators to urge them to include the solar ITC in any new tax code. The ITC is a 30% tax credit for solar systems installed on residential and commercial properties. The ITC has been instrumental in removing market barriers, spurring innovation and creating jobs. According to the SEIA, the solar ITC has helped US annual solar installation grow by over 1,600% since being implemented in 2006 – a compound annual growth rate of 76%. Under current law, the ITC will remain in effect through December 31, 2016. © PHOTON

http://salsa.wiredforchange.com/o/6422/p/dia/action3/common/public/?ac
tion_KEY=8280

http://www.seia.org/policy/finance-tax/solar-investment-tax-credit


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Monty Bannerman
ArcStar Energy
646.402.5076
www.arcstarenergy.com

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