Hearing of the solar investment tax credit extension to 2025 again?

Solar photovoltaic (pv) net news: the solar investment tax credit equal status in the United States as the subsidy policy of China, but it has been such an important policy how long delay and delay and delay the pulling. Represented by SEIA nearly thousand photovoltaic companies want to see the extension of the policy, but each time I see the hope of extension, until eventually is down.

in November 2019, the U. S. house of representatives ways and means committee, 众议院筹款委员会) Publish comprehensive clean energy tax package, including 30% of the solar investment tax credit ( ITC) Five years, and provide a new energy storage incentives.

in December 2019, the United States congress and the White House did not through the request for more us solar tax cuts, which, independent of the solar energy storage ITC also didn't get through.

since January 2020, the existing ITC rules require tax credit rate from 30% in 2019 fell to 26% in 2020, the solar energy equipment, and then to 22% in 2021, four years to realize gradually reduced.

at the end of may this year, solar power grid, the U. S. Treasury Department and internal revenue service ( Internal revenue service ( IRS） Said, in order to help operators should COVID - Announced 19 of the project delay, delay of solar energy, wind energy investment tax credit extension permission again recently, the American solar developers will have an extra year to qualify for the government's tax credit.

the latest news is that China solar power network, this week, China solar power network, the proposed act of parliament, by increasing the federal tax incentives to support action on climate change, in order to promote economic recovery, will also be included in support of solar energy, energy storage, power and other renewable energy measures, and 1 for future investment will be in the United States. $5 trillion for infrastructure construction. The bill will be voted to pass before July 4.

Congressman mike & middot; Thompson ( 迈克汤普森) Is the house ways and means committee, 众议院筹款委员会) Chairman of the committee is one of America's oldest commission, is mainly responsible for review and tax. On June 25, Thompson, 47 members support the growth of the renewable energy and efficiency of existing ( 绿色) Act, introduced the forward act.

he said that green act ( 绿色行动) Through the federal tax incentives to promote clean energy technology and the wide application of zero emission vehicles.

the act of tax credit parts quickly won the U. S. solar industry association ( SEIA） And the American council on renewable energy ( 一个) Quick response and praise.

SEIA, said bill extend solar ITC to 30% in the five years to 2025, fell to 26% by 2026, fell to 22% in 2027, fell to 10% in 2028, until the business and tax credits to the complete withdrawal from large solar power projects, the only residential projects enjoy the welfare policy, will bring more investment for the American solar industry, solar equipment, create more business and employment opportunities.

in addition, the GREEN act also provides direct payment options for the ITC, which means including the solar energy and energy storage industry stakeholders can see it as a cash payment, rather than later deducted from tax returns. Direct payment options will be set to 85% of the total value.

SEIA CEO and President of Abigail Ross Hopper believes that the current American economy to recover from disease, at the same time solve the energy economy and climate change the inequality between critical moment. ACORE, President and chief executive of Gregory & middot; Weston ( 格里高利Wetstone) Believe that the bill & other; The deployment of clean energy for the next five years to provide a stable and effective policy platform & throughout; 。 He also said that the ITC extension such as solar and wind energy, direct to pay will be conducive to inspire the full potential of renewable energy investment field, and look forward to working with congress to promote policy, benefit the American renewable energy future.

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