Governor Youngkin Signs Energy Generation Property Tax Exemption Into Law, Strengthening Energy Freedom in Virginia
RICHMOND, VA — Virginia Governor Glenn Youngkin signed a bill into law today which creates a property tax exemption for residential and mixed-use solar energy systems up to 25 kilowatts in size. This new law expands energy freedom for consumers and creates an additional incentive to do business in the Commonwealth. Following is a statement by Will Giese, southeast regional director for the Solar Energy Industries Association:
WASHINGTON, D.C. — Today over 100 manufacturers and producers sent a letter to President Biden, Leader Schumer, Speaker Pelosi, and committee chairs stating their strong support for long-term clean energy tax incentives in federal budget reconciliation legislation.
It’s well documented that clean energy tax incentives can launch massive private investment. It has also become clear that these incentives will transform U.S. solar manufacturing — putting us well on our way to achieving the Solar Energy Industries Association’s (SEIA’s) goal of 50 GW of domestic solar manufacturing capacity. This will only happen, however, if we seize the energy tax investment opportunity before us.
As the world focuses on the Russian invasion of Ukraine and every day Americans start feeling the impacts of this conflict, there is growing consensus that we can no longer rely on foreign adversaries for our energy needs. If we want to diversify our energy sources and reinforce American energy independence, encouraging solar and storage deployment and investing in domestic manufacturing is the best opportunity we have to double down on clean, and reliable energy.
WASHINGTON, D.C. and HOUSTON, TX — In 2021, U.S. solar prices increased as much as 18% due to unprecedented supply chain challenges, trade actions, and legislative uncertainty, according to the U.S. Solar Market Insight 2021 Year in Review report.
The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report. Released March 10, 2022.
In 2019, SEIA laid out a vision for the 2020s in our Roadmap for the Solar+ Decade. In that roadmap, we set a target for solar energy to reach 20% of generation by 2030 as the U.S. transforms the electric grid and builds a robust clean energy economy.
85 solar companies with operations in Arizona sent a letter to Senator Kyrsten Sinema, articulating the industry's priorities for strong clean energy policies in upcoming legislation, and the impact and potential of accelerating clean energy deployment for Arizona's economic future.