US industry ready for ‘bare knuckle brawl’ to save solar tax credit 0

solar tax credit

solar tax creditThe US Solar Energy Industries Association (SEIA) has responded angrily to an attack on solar by a conservative think tank saying it is ready for a “bare knuckle brawl” if necessary.

The Taxpayers Protection Alliance (TPA) published a report last week entitled ‘Filling the Solar Sinkhole: Billions of Bucks Have Delivered Too Little Bang‘, which cited the danger of expanding the investment tax credit (ITC) for solar and warned of an intense lobbying effort off the back of its inclusion in President Obama’s budget proposal. The ITC is set to fall from 30% to 10% at the end of 2016 but a reprive has been floated by the President.

The report also claims that the industry received an average of US$39 billion in subsidies every year for the past five years. Ken Johnson vice president of communications at the SEIA was unequivocal in his response to the report and particulary the claimed level of subsidies.

 

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