What is happening
Solar energy is poised to transform the way West Virginia gets its electricity. This transformation promises energy freedom and good jobs. But for this to happen, Congress must extend the federal solar investment tax credit (ITC).
The ITC currently provides a 26% tax credit to solar owners. This credit is set to lower to 22% in 2023. It expires for residential installations after that. Congress is considering a 10-year extension of the credit.
The ITC has helped create more than 400,000 jobs across the country. It has created $140 billion in economic development.
Letting the solar tax credit expire now would harm solar in West Virginia
West Virginia lags far behind our neighbors when it comes to solar. But this is changing. State lawmakers recently passed a bill (HB 3310) that will make it easier to finance new solar installations. We’re poised to see rapid growth. Ending the federal tax credit would mean stopping solar in West Virginia before it really starts.
The solar investment tax credit is a bi-partisan policy. It creates good jobs and provides energy freedom to West Virginia families.