NRCA urges all members to reach out to their members of Congress to advocate for legislation to support the solar industry.
As the economic fallout from the COVID-19 pandemic continues, it is clear the solar industry especially is being affected by issues such as supply chain delays, tightening of tax equity markets and homeowner financial concerns as a result of stay-at-home orders. Left unaddressed, this situation could lead to a loss of up to half the industry’s workforce and declines in business of as much as 70%.
NRCA is advocating for legislation that will provide relief to the solar industry, including an extension of the Solar Investment Tax Credit at 30% for a minimum of three years. The SITC is one of the main reasons solar power has grown 10,000% since 2006. Congress should provide solar companies with the option to receive the benefit of the SITC now through direct payments rather than during tax season next year to prevent job losses in the coming weeks and months. Congress needs to extend this option for all Section 48 and 25D qualified solar energy projects for the length of the SITC period.
For more information and to take action and email your legislators, visit the NRCA Grassroots Advocacy Network at roofingadvocacy.nrca.net.
