WASHINGTON, D.C. – May 12, 2015 – (RealEstateRama) — Calling it important to America’s energy future, the Solar Energy Industries Association (SEIA) announced its strong support today for legislation to create a national Renewable Electricity Standard (RES). Introduced by U.S. Senators Tom Udall (D-N.M.), Edward Markey (D-Mass.), Martin Heinrich (D-N.M.), Michael Bennet (D-Colo.), Jeff Merkley (D-Ore.), Sheldon Whitehouse (D-R.I.) and Mazie K. Hirono (D-Hawaii), the bill will help to create thousands of new American jobs, save consumers and businesses money and reduce pollution by requiring utilities to generate 30 percent of their electricity from renewable energy sources by 2030.
According to its authors, “the bill would create the first national threshold for utilities to provide a certain percentage of their electricity from renewable resources, including wind, solar, biomass and others. It would set an 8 percent requirement by 2016, followed by gradual and achievable increases thereafter to meet the 30 percent by 2030 goal. More than half of the states already have renewable generation standards with specific timelines and target standards, and the legislation would not preempt stronger standards already implemented by states.”
“It’s a proven fact: these kinds of renewable electricity standards work – and they’re good for both the U.S. economy and our environment,” said SEIA President and CEO Rhone Resch. “Just look at states like California, Nevada and North Carolina, which have established meaningful Renewable Portfolio Standards (RPS). Solar activity in these states has exploded in recent years. Today, they boast a combined solar capacity of 11.7 gigawatts (GW) – enough to power more than 2.7 million homes. They have also helped to create nearly 65,000 good-paying jobs in these three states alone. That’s a win-win by any measurement.”
Nationwide, the solar industry employs 174,000 Americans and pumps nearly $18 billion a year into the U.S. economy. Resch said this remarkable growth is due, in large part, to smart and effective public policies, such as the Solar Investment Tax Credit (ITC), Net Energy Metering (NEM) and RPS laws.
Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.