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Against Backdrop of Concentrating Solar Dish System, President BushSigns Pro-Solar Energy Bill

Posted on: Monday, 8 August 2005, 15:00 CDT

WASHINGTON, Aug. 8 /U.S. Newswire/ -- "The Solar Energy Industries Association (SEIA) applauds President Bush and the Congress for producing the strongest national policy for solar power in two decades," said SEIA President Rhone Resch.

"The President toured the National Solar Thermal Test Facility at Sandia National Laboratories today, underscoring the message that Washington wants solar power to play a significant role in our nation's future energy supply. The solar tax provisions in this Energy Bill will help the U.S. solar industry to meet that challenge.

"For the first time since 1985, homeowners who install solar energy systems will receive a tax credit worth 30 percent of the system cost, capped at $2,000. Businesses that purchase solar equipment will also receive a credit worth 30 percent of the system cost. These tax credits will bring solar power costs over the tipping point in many areas of the country, and the United States has the best solar resources of any country in the industrialized world.

"With the solar provisions in this Energy Bill, Washington is supporting individual Americans who make a real contribution towards U.S. energy independence. Installing solar energy on your roof is one of the most meaningful steps an individual can take to reduce our reliance on foreign sources of energy and help declare energy independence. Now solar comes with a more affordable price tag, and more consumers will take a step towards energy independence by choosing solar power. That means cleaner air, more jobs, and greater energy security for all."

For more information on the proposed legislation, please visit http://www.seia.org.

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The Solar Energy Industries Association (SEIA) is the national trade association of solar energy manufacturers, dealers, distributors, contractors, installers, architects, consultants and marketers. Established in 1975, SEIA works to expand the use of solar technologies in the global marketplace.

http://www.usnewswire.com

Source: U.S. Newswire

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