On the recordNovember 17, 2015
Since Congress passed the solar investment tax credit in 2005, solar installations have grown by 1,600 percent, Americans have invested $72 billion in solar, and 8,000 businesses in all 50 States have created 160,000 jobs in the solar industry. Much of this economic success story is due to the investment tax credit, which is scheduled to expire at the end of next year. If the investment tax credit expires, the solar industry could see a 71 percent decline, needlessly costing the American economy 100,000 jobs. This uncertainty is already affecting the market. Consumers need confidence in the tax policy before they decide whether to make an investment into the solar industry. I ask my colleagues to join me in urging the Ways and Means Committee to expeditiously prioritize a long- term extension of this critical, job-creating tax incentive. ____________________





