Expanded Property Tax Exemption Will Keep Clean Energy Investments Alive in California

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SACRAMENTO, Calif. – Today, the California State Legislature approved a two-year extension to a property tax exclusion for solar projects, providing stability for solar companies facing significant uncertainty regarding the project development as they strive to help California meet its climate goals.

Here is the statement from Rick Umoff, senior director and attorney, California, at the Solar Energy Industries Association:

“The legislature’s action to expand the solar property tax exclusion is a critical step in ensuring California remains at the forefront of America’s clean energy transition. Since the state instituted the exclusion, California’s solar market has become the largest in the country, employing more than 70,000 people and injecting more than $70 billion into local economies across the state.

“This short-term extension of the property tax carve-out will provide businesses with much-needed certainty to continue building solar and storage projects to help California meet its reliability and energy challenges. clean energy.

“The solar power and storage industry is grateful to Senator Hertzberg and the clean energy champions in the Senate and Assembly for doing this before the exclusion expired and companies no longer bring their projects to neighboring states. We urge Governor Newson to sign this law to maintain critical clean energy investments in the Golden State.

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About SEIA®:

The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar power to reach 30% of electricity generation in the United States by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar energy. . Founded in 1974, SEIA is the national trade association for the solar and solar+storage industries, developing a global vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.

Media Contact:

Morgan Lyons, SEIA Director of Communications, [email protected] (202) 556-2872

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