Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), delivered testimony before the U.S. House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade at a hearing titled ‘Made in America: Innovations in Job Creation and Economic Growth.’
Resch detailed the private investment, technological and manufacturing innovations, tax and energy policies, and other factors that have contributed to the solar sector's ascent to becoming one of the fastest-growing economic sectors in America and a job creator in all states.
He also outlined policy recommendations for helping to continue the robust jobs creation across the solar supply chain, from engineering and manufacturing to construction, installation and support services.
‘To succeed, we need tax policies such as the Section 1603 Treasury program to be continued and incentives for solar manufacturing restored,’ Resch stated. ‘We also need policies that facilitate financing for clean energy technologies that cannot obtain financing in the commercial market place, such as large-scale nuclear and utility-scale solar energy projects.
‘To support these industries, Congress should consider a variety of financing mechanisms, including the Clean Energy Development Administration,’ he continued. ‘But what is most important today, is for Congress to restore funding to the U.S. Department of Energy's loan guarantee program.’
‘Unfortunately, measures – such as the provisions of the H.R.1 continuing resolution – that eliminate all funding for pending renewable and other non-nuclear loan guarantee applications are a step in the wrong direction,’ Resch added. ‘SEIA strongly opposes the provisions in H.R.1 that would eliminate funding for DOE loan guarantees for solar and other non-nuclear clean energy projects.’