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Will the 'Moving Forward Act' move forward?

June 25, 2020

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Will the 'Moving Forward Act' move forward?

June 25, 2020

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According to the Solar Energy Industries Association (SEIA) and pvmagazine USA - H.R. 2 was introduced to the House of Representatives yesterday, a landmark $1.5 trillion proposal to rebuild America’s infrastructure. It should be voted on before July 4.In addition to $300 billion to build and fix roads and bridges, the bill also invests in programs to reduce carbon pollution. Rep. Peter DeFazio (D-Ore.), chairman of the House Transportation and Infrastructure Committee, has commented that the “Moving Forward Act” applies the principles of the Green New Deal.Many solar and storage provisions are included in the bill, including:

  • 5-year extension of Sec. 48 and 25D of the Investment Tax Credit (ITC) at 30% through 2025, followed by a two-year phase-down (2026 at 26% and 2027 at 22%)
  • Direct pay proposal at 85% for section 48 qualifying projects for the same amount of time as the PTC/ITC credits exist
  • Storage ITC
  • Proposals to incentivize investment in clean energy for low income and underserved communities
  • Tax credits for clean energy manufacturing
  • Grid modernization provisions
  • Funds for transmission planning with a requirement to account for renewable energy generation
  • Grant program for solar installation in low-income and underserved communities
  • Funds for renewable energy installation in community institutions, such as schools
  • Improvements to public lands renewable energy development programs

As the House moves to vote within the next two weeks, SEIA is requesting that solar companies add their names to a letter to Congress. Those interested can fill out a form here.

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News
No items found.

Will the 'Moving Forward Act' move forward?

June 25, 2020

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

According to the Solar Energy Industries Association (SEIA) and pvmagazine USA - H.R. 2 was introduced to the House of Representatives yesterday, a landmark $1.5 trillion proposal to rebuild America’s infrastructure. It should be voted on before July 4.In addition to $300 billion to build and fix roads and bridges, the bill also invests in programs to reduce carbon pollution. Rep. Peter DeFazio (D-Ore.), chairman of the House Transportation and Infrastructure Committee, has commented that the “Moving Forward Act” applies the principles of the Green New Deal.Many solar and storage provisions are included in the bill, including:

  • 5-year extension of Sec. 48 and 25D of the Investment Tax Credit (ITC) at 30% through 2025, followed by a two-year phase-down (2026 at 26% and 2027 at 22%)
  • Direct pay proposal at 85% for section 48 qualifying projects for the same amount of time as the PTC/ITC credits exist
  • Storage ITC
  • Proposals to incentivize investment in clean energy for low income and underserved communities
  • Tax credits for clean energy manufacturing
  • Grid modernization provisions
  • Funds for transmission planning with a requirement to account for renewable energy generation
  • Grant program for solar installation in low-income and underserved communities
  • Funds for renewable energy installation in community institutions, such as schools
  • Improvements to public lands renewable energy development programs

As the House moves to vote within the next two weeks, SEIA is requesting that solar companies add their names to a letter to Congress. Those interested can fill out a form here.

Share post:

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Ready to get started on your energy project?

Contact our team

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Introducing Your New Billing Portal

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Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

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Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

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Coming Soon to a Classroom Near You!

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Coming Soon to a Classroom Near You!

News
No items found.

Will the 'Moving Forward Act' move forward?

June 25, 2020

Download resource

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
News
No items found.

Will the 'Moving Forward Act' move forward?

June 25, 2020

According to the Solar Energy Industries Association (SEIA) and pvmagazine USA - H.R. 2 was introduced to the House of Representatives yesterday, a landmark $1.5 trillion proposal to rebuild America’s infrastructure. It should be voted on before July 4.In addition to $300 billion to build and fix roads and bridges, the bill also invests in programs to reduce carbon pollution. Rep. Peter DeFazio (D-Ore.), chairman of the House Transportation and Infrastructure Committee, has commented that the “Moving Forward Act” applies the principles of the Green New Deal.Many solar and storage provisions are included in the bill, including:

  • 5-year extension of Sec. 48 and 25D of the Investment Tax Credit (ITC) at 30% through 2025, followed by a two-year phase-down (2026 at 26% and 2027 at 22%)
  • Direct pay proposal at 85% for section 48 qualifying projects for the same amount of time as the PTC/ITC credits exist
  • Storage ITC
  • Proposals to incentivize investment in clean energy for low income and underserved communities
  • Tax credits for clean energy manufacturing
  • Grid modernization provisions
  • Funds for transmission planning with a requirement to account for renewable energy generation
  • Grant program for solar installation in low-income and underserved communities
  • Funds for renewable energy installation in community institutions, such as schools
  • Improvements to public lands renewable energy development programs

As the House moves to vote within the next two weeks, SEIA is requesting that solar companies add their names to a letter to Congress. Those interested can fill out a form here.

News
No items found.

Will the 'Moving Forward Act' move forward?

June 25, 2020

According to the Solar Energy Industries Association (SEIA) and pvmagazine USA - H.R. 2 was introduced to the House of Representatives yesterday, a landmark $1.5 trillion proposal to rebuild America’s infrastructure. It should be voted on before July 4.In addition to $300 billion to build and fix roads and bridges, the bill also invests in programs to reduce carbon pollution. Rep. Peter DeFazio (D-Ore.), chairman of the House Transportation and Infrastructure Committee, has commented that the “Moving Forward Act” applies the principles of the Green New Deal.Many solar and storage provisions are included in the bill, including:

  • 5-year extension of Sec. 48 and 25D of the Investment Tax Credit (ITC) at 30% through 2025, followed by a two-year phase-down (2026 at 26% and 2027 at 22%)
  • Direct pay proposal at 85% for section 48 qualifying projects for the same amount of time as the PTC/ITC credits exist
  • Storage ITC
  • Proposals to incentivize investment in clean energy for low income and underserved communities
  • Tax credits for clean energy manufacturing
  • Grid modernization provisions
  • Funds for transmission planning with a requirement to account for renewable energy generation
  • Grant program for solar installation in low-income and underserved communities
  • Funds for renewable energy installation in community institutions, such as schools
  • Improvements to public lands renewable energy development programs

As the House moves to vote within the next two weeks, SEIA is requesting that solar companies add their names to a letter to Congress. Those interested can fill out a form here.

News
No items found.

Will the 'Moving Forward Act' move forward?

June 25, 2020

According to the Solar Energy Industries Association (SEIA) and pvmagazine USA - H.R. 2 was introduced to the House of Representatives yesterday, a landmark $1.5 trillion proposal to rebuild America’s infrastructure. It should be voted on before July 4.In addition to $300 billion to build and fix roads and bridges, the bill also invests in programs to reduce carbon pollution. Rep. Peter DeFazio (D-Ore.), chairman of the House Transportation and Infrastructure Committee, has commented that the “Moving Forward Act” applies the principles of the Green New Deal.Many solar and storage provisions are included in the bill, including:

  • 5-year extension of Sec. 48 and 25D of the Investment Tax Credit (ITC) at 30% through 2025, followed by a two-year phase-down (2026 at 26% and 2027 at 22%)
  • Direct pay proposal at 85% for section 48 qualifying projects for the same amount of time as the PTC/ITC credits exist
  • Storage ITC
  • Proposals to incentivize investment in clean energy for low income and underserved communities
  • Tax credits for clean energy manufacturing
  • Grid modernization provisions
  • Funds for transmission planning with a requirement to account for renewable energy generation
  • Grant program for solar installation in low-income and underserved communities
  • Funds for renewable energy installation in community institutions, such as schools
  • Improvements to public lands renewable energy development programs

As the House moves to vote within the next two weeks, SEIA is requesting that solar companies add their names to a letter to Congress. Those interested can fill out a form here.

Related

See All

News

Introducing Your New Billing Portal

News

Introducing Your New Billing Portal

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Coming Soon to a Classroom Near You!

News

Coming Soon to a Classroom Near You!

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08057
Solutions
MEI+For CustomersFor PartnersSpotlights
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Locations
New York
110 Greene Street, Suite 301
New York
,
NY
10012
Southeast
190 19th Street N., Suite 2009
Birmingham
,
AL
35210
D.C. / Northern VA
8484 Westpark Dr., Suite 720
McLean
,
VA
22102
Richmond
1419 W Main Street
Richmond
,
VA
23220
Greater Philadelphia Office
215 Executive Drive
Moorestown
,
NJ
08057
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