Underneath is the Photo voltaic Power Industries Association’s (SEIA’s) statement on Congress’ choice to depart the an extension of the 1603 Treasury plan out of the payroll tax bill, a selection I think each and every poll on photo voltaic energy displays most Us residents would oppose. Honestly, I’m also unfortunate to comment considerably much more on this, so will leave it to SEIA. But, I hope we can locate a way to get the system prolonged in some other way soon….
by SEIA
Congress Failure to Prolong 1603 Program a Blow to Little Business
WASHINGTON – Rhone Resch, president and CEO of the Photo voltaic Energy Industries Association, launched the adhering to declaration right now in reaction to a congressional compromise expenses that extends the payroll tax cut and unemployment advantages by means of the finish of the 12 months, but does not address tax extenders such as the 1603 Treasury software:
“It is disappointing that Congress has failed to extend the 1603 Treasury plan as part of the payroll tax bill. Small organizations, which are the backbone of our economic climate, will bear the brunt of this inaction.
“The 1603 software enabled solar installers to create 22,000 tasks across the United States, with an average of $ 153,000 in personal sector investment made by every undertaking. These tasks have been produced mostly by little corporations that produced jobs and new financial chance in the U.S. The expiration of the software is placing several of these organizations at risk.
“While larger energy developers have the scale and means to get tax equity from Wall Road, little corporations really do not and are damage most by Congress’ inaction. Tiny businesses are the engine of financial development in The us, and the outcome of a ongoing lapse of the 1603 software will be task losses and undue economic hardship for the business people we are relying on to create work opportunities and get our market back again in purchase.
“There continues to be a compelling need to have for the 1603 program. Appropriately, SEIA will proceed operating with a wide coalition of electricity technologies to pursue each possibility to extend this critical and highly profitable incentive.”
More resources from SEIA:
1603 Initiatives by Condition
1603 Background Memo
Task Development from 1603 Extension
Photograph of solar installer by means of shutterstock
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