President Barack Obama and French President François Hollande announced with Billionaire Gates a Breakthrough Energy Coalition. Obama plans to unveil a parallel project by 20 countries to raise government support for clean energy development. Bill Gates has built support within the business community to get investments for new clean energy products to help solve the climate change problem. The announcements came Monday at the United Nations climate change conference as diplomats from nearly 200 nations arrived in Paris for the two-week summit.
Country leaders are expected to reach a global agreement on reducing harmful emissions thus assisting countries adapt to expected heat waves, rising oceans, uncharacteristic seasonal storms, and presently unknown effects of climate change. Policy experts said the two new initiatives of Business and government support would help energize climate talks, which have two decades without much action.
Doing your part
How can you do your part in assisting with climate change? If you go to the SEIA website link: https://www.seia.org/policy/finance-tax/solar-investment-tax-credit you can pick the letter that best suits your specific desire to assist or if you are a solar industry employee you can copy the following letter and send it to your representatives:
I am a solar employee, and I am urging you to co-sponsor and actively support H.R. 2412, The “New Energy for America Act”, because it represents a critical policy mechanism for the solar industry that has helped create 150,000 American jobs and pump nearly $70 billion into the U.S. economy.
The Solar Investment Tax Credit (ITC) provides market certainty that encourages companies to make long-term investments that drive competition and technological innovation, while lowering costs to consumers and spurring the economy. Before the ITC was passed in 2006, there were 15,500 U.S. residents with solar PV systems. Today, that number is more than 600,000, with the average price of an installed system dropping by more than 50 percent.
It is clear that the solar ITC is working, and I urge you to extend both the residential and commercial credits by co-sponsoring and supporting the passage of H.R. 2412.
The next steps to a climate change solution
The United States government recommended increasing investments in research and development for new products to affect climate change. What would affect change now is extending the ITC before the end of 2016 or even increasing the ITC percentage from 30% to 40%. Solar, wind, geothermal, biomass, would rapidly become greater than the 13 percent of total U.S. electricity generation for 2014.
What is clear about homeowners and businesses where it makes sense they have solar installed. In just a few short years, the solar industry has gone 4MWs for the year to potentially 13GWs in 2016. If the incentive is greater than 30% ITC we can expect that many more homeowners and businesses will add solar to their properties. Do your part and contact your representative letting him or her know how much you care about climate change and working towards a solution. If you have any questions please email me at email@example.com or call me at 916-284-8841.