Washington, D.C., United States [RenewableEnergyWorld.com] U.S. Senator Debbie Stabenow (D-MI) and U.S. Congressman Dave Camp (R-MI) today announced the Solar Manufacturing Jobs Creation Act. The bi-partisan legislation would create a tax credit to support solar manufacturing in the U.S.
Senator Stabenow joined fellow Senators Robert Menendez (D-NJ) and Michael Bennet (D-CO) to introduce the legislation this week in the Senate. Congressman Camp will be introducing companion legislation in the House later this month.
“Michigan companies continue to lead the way in solar manufacturing, creating good-paying jobs and laying the foundation for 21 st century manufacturing,” Stabenow said. “As a member of the Senate Finance Committee, I co-authored the first-ever tax credit for manufacturers of advanced technologies in the recovery act. This bill will provide additional tax credits for solar equipment manufacturers that will help us win the global race against China and other countries to produce solar technology in the clean energy economy.”
According to the Solar Energy Industry Association (SEIA), the U.S. produced more than 40% of the word’s solar photovoltaic (PV) cells a decade ago. In 2008, the U.S. produced only 5% of the world’s solar cells. They estimate that the tax credits in this legislation will generate 315,000 new domestic jobs.
Under the Solar Manufacturing Jobs Creation Act, equipment and facilities used to manufacture solar power technology would be added to the eligible property list for the current investment tax credit (ITC). These technologies include solar cells, silicon, evacuated tubes, and flat-plate solar collectors.