Congress created the solar investment tax credit (ITC) in 2006 to spur solar energy growth in America and drive economic gains through the creation of new, clean manufacturing and construction jobs. Fifteen years later, it’s clear that the policy has succeeded. The solar industry grew 10,000% and added hundreds of thousands of well-paying jobs to the U.S. economy. The solar ITC has also enabled millions of homeowners and businesses to install solar cost-effectively, save money on their utility bills, and reduce carbon emissions.
Parts of the ITC must be updated, however, to keep pace with innovations in the solar sector and drive further clean energy growth.
