Bills have been introduced into both chambers of the US Congress that aim to extend tax incentives for solar and several other clean technologies, such as small wind.
The Renewable Energy Extension Act would provide a five-year extension to the current Investment Tax Credit (ITC), delaying an incremental phase out passed by Congress in 2015.
The proposals would maintain the ITC at 30% for five years.
It was introduced in the House of Representatives by Democrat Mike Thompson and Republicans Paul Cook and Brian Fitzpatrick, while, in the Senate, Democrat Catherine Cortez Masto introduced the proposed legislation.
Thompson said: “Clean energy is our future – a crucial part of deploying green energy that creates jobs, reduces our dependence on foreign energy sources, improves our environment.
“That’s why I am proud to introduce the Renewable Energy Extension Act, a bill to extend the energy investment tax credit at 30 percent for five years.”
Cortez Masto said: “Protecting the environment is good for our health and our economy. These tax incentives help us achieve these goals by increasing commercial and residential solar use, reducing carbon emissions, and creating good-paying jobs
“My legislation would ensure that Nevada remains a national leader in solar energy and that companies continue to make strong investments in solar energy and innovation for years to come.”