Extending the federal Funding Tax Credit score is the highest precedence for the Photo voltaic Power Industries Affiliation because it heads into 4 years of a Joe Biden presidency.
In a Tuesday name with reporters, SEIA President Abigail Ross Hopper likened rating the group’s prime issues to selecting a favourite baby. However broadening the photo voltaic trade’s key federal tax credit score will present essentially the most measurable reduction because it weathers the financial difficulties of the pandemic, she stated.
The group can also be putting vital emphasis on reversing the Trump administration’s photo voltaic commerce insurance policies, Hopper stated. However whereas SEIA hopes to see Biden finish the Part 201 tariffs, the trade would be capable to handle if the brand new administration leaves the tariffs untouched, with only one yr left earlier than they expire and an exclusion for bifacial photo voltaic in place, she stated.
In anticipation of President-elect Joe Biden’s inauguration, advocates from all corners have begun lobbying their instances for flip marketing campaign guarantees into administrative coverage. Progressive activists have requested Biden to reject any cupboard members with ties to fossil fuels. Oil and gasoline executives hope to gradual the transition to wash power that Biden has promised. And the photo voltaic trade’s largest commerce group has set out a coverage agenda in hopes of gaining traction with each the president and Congress after 4 years of what Hopper characterised as coverage hurdles.
“We have now continued to develop, however now we have not grown on the fee at which we anticipated,” Hopper stated Tuesday.
SEIA’s 100-day coverage agenda revolves round three important goals: investing in clear power infrastructure and jobs, opening electrical energy markets to renewable competitors and establishing “complete carbon coverage” as assist.
Extra granularly, SEIA has referred to as for its tax credit score extension and an identical credit score for power storage, streamlined allowing for renewables on public lands, the appointment of commissioners to the Federal Power Regulatory Fee that favor renewables-friendly market guidelines, and the appointment of a federal local weather czar.
Searching for a comeback for photo voltaic tax credit in Congress
An extension of the federal Funding Tax Credit score did not make it into the $1.37 trillion federal finances handed by Congress in December, after the White Home utilized strain to take away it from the ultimate spending bundle. SEIA believes legislative buy-in could also be stronger below Biden, at the same time as the ultimate make-up of Congress stays unsure.
“In conversations now we have that aren’t on the entrance web page of a newspaper, there are various, many Republican senators who’re supportive of photo voltaic,” Hopper stated. “There’s a reasonably clear understanding that extending the Funding Tax Credit score [and] making it refundable will assist deal with the [industry’s] challenges.”
Final yr lawmakers launched a number of payments that included tax credit, such because the Renewable Power Extension Act and the Rising Renewable Power and Effectivity Now Act.
However with lawmakers virtually definitely centered on stimulus measures within the quick time period, it’s unclear if clear power tax credit might be a precedence. Hopper stated that can doubtless rely on how complete a bundle legislators can piece collectively. Congressional leaders at present stay removed from a consensus on the scale and content material of such a bundle.
The long run for photo voltaic tariffs can also be opaque.
Although SEIA has had conversations with the Biden-Harris transition crew, based on Hopper, she additionally stated the commerce group doesn’t have a way of the president-elect’s stance on Part 201 tariffs.
There’s additionally the likelihood that President Trump, who has nonetheless not publicly conceded the election, will try and push by way of adjustments to these tariffs on the eleventh hour. On Sunday, for example, the administration stated it could start oil and gasoline lease gross sales in Alaska’s Arctic Nationwide Wildlife Refuge.
In October, the administration launched a presidential proclamation that revoked the exclusion for bifacial photo voltaic and elevated the extent of the tariffs of their ultimate yr. It’s now caught up in litigation, which SEIA has been concerned in.
“The realm that offers us essentially the most pause might be within the commerce area. We expect the time [remaining] is simply too quick for the president to do a lot,” stated Hopper. “[But] that’s the world the place there might be essentially the most destruction wrought.”