Supporting The Solar Investment Tax Credit

The Solar Investment Tax Credit (ITC) is set to drop at the end of 2016 from 30% to 10%, making the economics difficult for commercial solar projects. Additionally, the tax credit will expire for residential projects, eliminating the tax benefits for residential solar installations

This would be a tremendous setback for Virginia solar, which, has brought over $15 million in investments to the state with the promise of exponentially increasing in 2016, with commercial and utility solar installations, as well as residential Solarize programs. Solar is a clean source of renewable energy, provides 174,000 jobs in the U.S., and increases our energy independence. Now is not the time to take away federal support!

Contact your Virginia senators Mark Warner and Tim Kaine to voice your support for solar energy and urge them to extend the ITC!

To learn more, visit the Solar Energy Industry Association’s blog or see its effects state by state here.

For reference, here are a few links:

• Sen. Mark Warner Contact info: http://www.warner.senate.gov/public/index.cfm/officeinformation
• Sen. Tim Kaine Contact info: https://www.kaine.senate.gov/contact
• SEIA ITC blog: http://www.seia.org/research-resources/case-solar-investment-tax-credit-itc
• Raceto2017 map: http://raceto2017.com/the-numbers

Written By Amory Fischer and Jesse Reist