Solar Energy Industries Association Weekly Newsletter 11/26/2007
- John MigginsRegional Sales Manager
NewPoint Energy SolutionsA Division of Standard Renewable Energy(713) 231-7665 Cell
(281) 768-4915 (Fax)
(866-6-NEWPOINT) Toll Free
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----- Original Message -----From: Jim & JanetTo: NTREGSent: Tuesday, November 27, 2007 10:49 AMSubject: [ntreg] Solar Energy Industries Association Weekly Newsletter 11/26/2007
From the SEIA Newsletter, an update on the Solar ITC which includes a number of RE related funding bills, including CAFE Standard increases.
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House Speaker Nancy Pelosi's office is indicating that House-Senate negotiations are moving forward full-speed ahead. The House intends to vote on the energy bill on December 5. The bill will include a tax title that includes the Solar ITC, as well as an Renewable Energy Standard (RES) title, a Renewable Fuels Standard (RFS) title and a car & truck fuel standard (CAFE) title. The tax title is what we have been expecting - $17 to $18 billion in incentives, fully offset.
The House vote is expected to occur even if there is doubt whether the Senate has 60 votes to pass a similar package. If the Senate cannot garner 60 votes on the entire package, the expectation is that they will pass and send back whatever titles they can get 60 votes for. Both Democrats and Republicans are feeling pressure to act on energy legislation given the likelihood of oil topping $100 a barrel.
Given that our biggest challenges are on the Senate side, we would urge you to call your Senators. The outpouring of solar activity has had a significant impact on the course of negotiations and it is critical that we continue to keep the pressure on Congress! Specifically over the course of the next 3-4 weeks, we will be targeting the following Republican Senators who voted "NAY" on the Senate tax title cloture vote in June:
Sununu - NH
Gregg - NH
Corker - TN
Ensign - NV
If and only if your company has significant activity in one or more of these states, please make sure to contact the Senator representing that state.
All other companies, please make sure to call your state's Senators. To locate your Senators' phone number, go to http://capwiz. com/re-action/ callalert/ index.tt? alertid=10534241 &type=CO.
· I work for (name of company) in your district (describe the company)
· The solar investment tax credits are critical to our company's business and must be part of the energy bill this year!
· The solar tax credits would decrease energy costs, increase energy independence, and create more jobs in your district
· We need you to vote in support of the tax title in the Energy Bill.
What the Solar Industry Needs
· Eight-year extension of the 30% business ITC under Section 48
· Six-year extension of the 30% residential ITC under Section 25D
· Elimination of the existing $2,000 limit on the 30% residential solar ITC under Section 25D
· Permit corporate and individual taxpayers to claim the ITC against the Alternative Minimum Tax (AMT)
· Elimination of the public utility exception to the ITC.
For full details on the current legislation and SEIA's position, visit:
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