Clean energy companies are blitzing Capitol Hill to save IRA tax credits

A coalition of clean energy groups – representing over 2,000 companies and hundreds of billions in private investment – is holding more than 100 meetings today with bipartisan members of Congress to underscore the critical role of IRA clean energy tax credits.

As part of the lobbying blitz, more than 1,850 clean energy companies are also sending letters to Congress emphasizing the economic importance of clean energy tax credits and urging lawmakers to preserve these incentives. The solar industry letter can be found here, and the business leaders’ letter can be found here.

Organizations with member companies participating in the lobbying blitz include the Solar Energy Industries Association, National Hydropower Association, Oceantic Network, Climate Power, US Green Building Council, Clean Energy for America, E2, Business Council for Sustainable Energy, Impact Capital Managers, and dozens of utilities and businesses across the energy sector.

Federal energy incentives are supercharging domestic clean energy manufacturing, cutting reliance on foreign adversaries, and creating jobs for American workers. These policies are driving hundreds of billions in investments into energy projects that are keeping the grid stocked with low-cost, reliable power – just as the US sees its biggest energy demand spike since World War II.

Without federal clean energy tax credits, clean energy deployment would fall by 237 gigawatts (GW) over the next 15 years, according to Aurora Energy Research. That’s enough power to supply 36 million homes. In the last two years, 70-80% of all federal clean energy investments have been in red states, and 90% of those investments are in the manufacturing sector.

Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), said, “With support from federal clean energy policies, American solar manufacturers can now produce enough modules to meet all demand for solar in the United States. It’s critical that our elected leaders understand the impact of these policies and the jobs and investments they bring to their constituents.”

“Businesses across America right now are just breaking ground or finalizing plans for hundreds of factories and projects that will manufacture the solar panels, batteries and other Made-in-America equipment and deploy the energy we need to meet the exploding demand for electricity across the economy,” said Bob Keefe, executive director of the national nonpartisan business group E2. “Now’s not the time to undermine the federal policies driving this economic boom and the hundreds of thousands of jobs it’s creating. Now’s the time for Congress to keep the investments and opportunities flowing to the folks back home, while also making America competitive again in the global marketplace.”

“Energy tax credits are helping enable more than $25 billion in American offshore wind supply chain investments and thousands of American manufacturing and shipbuilding jobs,” said Liz Burdock, president and CEO of Oceantic Network. “We must act to secure these jobs and investments in our Gulf shipyards, Midwestern steel mills, and ports along our coastlines, advance our energy security and independence, and unleash the full portfolio of American-made energy.”

Read more: Chinese solar giant Trina sells its Texas factory a week after it opens [update]

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