Solar tax incentive extension looking doomed for this year

Posted on July 30, 2008. Filed under: Solar |

From a statement released by the Solar Energy Industry Association on the Senate’s 8th failure to extend solar tax credit:

Solar Energy Industries Association president Rhone Resch released the following statement after the Senate failed to pass a cloture motion on S. 3335, the Jobs, Energy, Families and Disaster Relief Act, which included provisions to extend the solar investment tax credit for eight years. The motion failed by a vote of 51 to 43, unable to gain the support of 60 senators needed for passage.

“For the eighth time since June 2007, the Senate was unable to reach a bipartisan compromise to extend solar tax credits which are vital to the solar industry and our economy. Time is running out to extend the solar tax credits and without passage in the immediate future, tens of thousands of jobs and billions of dollars will be lost in new solar investment. Already companies are putting projects on hold and preparing to send thousands of jobs overseas – real jobs that would otherwise be filled by American workers. Failure to extend the solar tax credits is a severe blow to an industry that has proven to be an economic engine for the U.S. at a time when we need it most.

“The Senate now has little time left this year to extend these tax credits. I strongly urge the Senate to figure out a bipartisan compromise and immediately extend the solar tax credit when they return from their August recess.”


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