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Final Up to date on: sixteenth Could 2025, 02:56 am
WASHINGTON D.C. — Following is an announcement from Abigail Ross Hopper, president and CEO of the Photo voltaic Vitality Industries Affiliation (SEIA) on the reconciliation invoice textual content launched by the U.S. Home Methods and Means Committee and the U.S. Home Vitality and Commerce Committee:
“At a time when billions of {dollars} are being invested in states that overwhelmingly voted for President Trump, this proposed laws will successfully dismantle essentially the most profitable industrial onshoring effort in U.S. historical past.”
“Whereas American companies are demanding extra power to compete towards our adversaries and shoppers are turning to wash power to hedge towards rising electrical energy costs, these proposals will undermine our nation’s efforts to realize President Trump’s American power dominance agenda. This laws will trigger a whole lot of American factories to shut, get rid of tens of 1000’s of jobs, drive electrical payments to skyrocket for everybody, weaken the reliability of our electrical grid, and get rid of our capability to compete with China. This disruption would devastate native, red-state economies, with greater than 75% of at-risk factories and investments concentrated in these communities.”
“To make issues worse, this laws is an assault on our particular person liberties and freedom to decide on how we energy our houses. By successfully repealing the clear power tax credit score for owners, it rips shopper selection away from tens of millions of hardworking Individuals.”
“There may be separate and dangerous laws proposed that impacts the funding mechanisms that enable everyone, together with these residing in underrepresented communities, to profit from clear, reasonably priced energy.”
“The photo voltaic and storage trade appreciates the various competing pursuits confronted by this Congress and stands able to work along with our elected officers to make sure that American power dominance prevails. The present proposals don’t obtain that. Our nation’s power safety and nationwide safety are on the road.”
About SEIA®:
The Photo voltaic Vitality Industries Affiliation® (SEIA) is main the transformation to a clear power financial system, creating the framework for photo voltaic to realize 30% of U.S. electrical energy era by 2030. SEIA works with its 1,000 member corporations and different strategic companions to struggle for insurance policies that create jobs in each neighborhood and form truthful market guidelines that promote competitors and the expansion of dependable, low-cost solar energy. Based in 1974, SEIA is the nationwide commerce affiliation for the photo voltaic and photo voltaic + storage industries, constructing a complete imaginative and prescient for the Photo voltaic+ Decade via analysis, schooling and advocacy.
Information launch from SEIA.
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