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WASHINGTON, D.C. — The Defend Photo voltaic USA Alliance, which advocates for the U.S. photo voltaic manufacturing business, lauded the introduction of bipartisan laws that might block Chinese language photo voltaic producers and different overseas entities from benefiting from a clear power tax credit score supposed to spice up American photo voltaic manufacturing jobs.
The Inflation Discount Act of 2022 created an Superior Manufacturing Manufacturing Tax Credit score (45X) to bolster home manufacturing of apparatus, parts and significant supplies associated to scrub and renewable power. These tax credit have contributed to the biggest investments in manufacturing facility manufacturing in practically 100 years. However with out motion from Congress, it’s estimated that Chinese language-controlled corporations might accumulate greater than $100 billion in federal tax credit that had been as an alternative designed to help U.S. clean-energy producers.
The American Tax {Dollars} for American Photo voltaic Manufacturing Act, launched yesterday by Sens. Sherrod Brown (D-Ohio), Invoice Cassidy (D-LA), Jon Ossoff (D-GA) and Rick Scott (D-FL), would be certain that corporations managed by China and different unfriendly overseas international locations (often known as “foreign entities of concern”) wouldn’t have the ability to obtain the 45X tax credit.
“We shouldn’t be in the business of rewarding China at the expense of our domestic solar industry,” mentioned U.S. Military Basic John Adams (ret.), and Board Member of the Defend Photo voltaic USA Alliance. “The Brown-Cassidy bill would ensure that Americans’ taxpayer dollars stay right here at home rather than help subsidize a foreign government’s efforts to put domestic manufacturers out of work. By building a successful domestic solar industry, the U.S. can break from its reliance on foreign energy sources, strengthen our supply chain and reduce our vulnerability to geopolitical conflicts.”
Congress and the Biden-Harris Administration should additionally take decisive motion to cease China from violating U.S. commerce legal guidelines by dumping photo voltaic panels typically made with compelled labor into the American market at depressed costs, making it practically unimaginable for U.S. producers to compete. Along with passing this laws, the Commerce Division and U.S. Worldwide Commerce Fee should proceed their investigation with out undue interference into the antidumping instances filed by the American Alliance for Photo voltaic Manufacturing Commerce Committee.
ABOUT DEFEND SOLAR USA ALLIANCE: Robust American photo voltaic manufacturing is important for jobs, power safety and reaching local weather objectives. The Defend Photo voltaic USA Alliance educates policymakers on the situations going through U.S. photo voltaic producers. Study extra at www.defendsolar.org.
Courtesy of e mail from Defendsolar.org
