Recent Senate legislation aims to help the clean energy industry create well-paying jobs and encourage the continuation of projects that may have been stalled as a result of the COVID-19 economic downturn.
What is America’s Clean Energy Jobs Act?
New legislation recently introduced in the United States Senate, America’s Clean Energy Jobs Act, includes government incentives that will make it easier and more affordable for business owners to embrace clean energy solutions.
Renewable energy tax credits enable solar industry businesses to secure funds to launch new projects and create innovative products. But the economic downturn caused by the pandemic has made it more difficult and expensive for companies to acquire that money. The new legislation will make the tax credits more accessible through a direct pay option and allow companies to get stalled projects off the ground. New employment opportunities will be created in the renewable energy sector to help combat the climate crisis.
What does this mean for you?
So why does this news matter to you as a Michigan business owner? Direct pay will remove an obstacle to your ability to embrace clean energy solutions, such as solar. There are, of course, many existing reasons to go solar, including a reduced energy bill and helping your business “go green,” which can encourage other businesses and customers to partner with you. In addition, solar power is low maintenance and boasts a stellar return on investment. Over the past five years, the cost of solar has decreased by 40%, making it more affordable than ever.
Universal praise from the renewable energy industry
America’s Clean Energy Jobs Act is overwhelmingly supported by environmental advocates and industry experts, who said the direct pay option will put capital where it belongs — in the hands of clean energy companies.
“If passed, direct pay will help unlock financing to create tens of thousands of well-paying jobs building clean energy infrastructure at the utility-scale,” said a spokesperson for the Solar Energy Industries Association.
Learn more about America’s Clean Energy Jobs Act and the Solar Investment Tax Credit
Michigan Solar Solutions can conduct a complimentary, obligation-free solar analysis for your home or business using satellite imagery and your most recent power bill. Our solar experts can then provide a detailed proposal with up to 98% accuracy.
As a local company serving Michigan’s lower peninsula for over 13 years, we can help you understand how you can benefit from the Solar Investment Tax Credit and discover affordable ways to reduce your environmental impact. Read here to find out if your business is a good fit for solar panels.