Residential Solar Tax Credit Bill Reintroduced

The Solar Energy Industries Association (SEIA) congratulated Rep. J.D. Hayworth (R-AZ) for reintroducing his residential solar energy tax credit bill on January 7.

Washington, D.C. – January 14, 2003 [SolarAccess.com] The bill would provide homeowners who install solar systems with a tax credit to offset the startup costs of adding clean, renewable solar power to their homes. “The Hayworth bill is a winner for homeowners and for the air we breathe,” said Glenn Hamer, SEIA’s Executive Director. “Solar power is a clean, reliable and renewable resource, but the upfront costs can make some homeowners hesitate. The Hayworth bill will help increase demand for home-grown solar power and thus reduce demand for foreign and more polluting energy sources.” The bill would provide a federal tax credit of 15 percent of the cost of both solar electric and solar hot water systems installed on homes. The language passed both the House and Senate last Congress, and enjoyed the support of the White House, but did not become law because the comprehensive energy bill died in a conference committee. The Hayworth bill was referred to the House Committee on Ways & Means, of which Hayworth is a member. “This has been a great January for the solar industry,” Hamer said. “First we learned that a first-ever solar electric system has been installed on White House grounds, and now Congressman Hayworth has renewed his fight to expand the use of clean energy on homes coast to coast. We look forward to energizing our hundreds of member companies to urge their Congressmen to support the Hayworth bill.”

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