L R AS Published on Sunday 3 October 2021 - n° 376 - Categories:US policy
SEMA bill likely to be passed soon
The Solar Energy Manufacturing for America Act (SEMA) is gaining strong political support in the United States. It proposes tax credits
for US-made solar products, setting prospective rates that would be in effect until 2028 before gradually decreasing until January1, 2031, when they would be eliminated entirely. This project could be extended to related technologies and products, such as inverters and trackers.
The plan has not yet been included in the budget reconciliation bill, which also includes a 10-year extension of the solar investment tax credit and a revival of the production tax credit for solar projects.
Senator Ron Wyden, who chairs the influential Senate Finance Committee, said: "It would be a monumental mistake to trade dependence on foreign oil for dependence on, say, foreign solar panels, semiconductors or batteries.»
PV Tech of 29 September 2021
Editor's note: In the name of independence, the United States will revive its photovoltaic industry. It is being done with state aid and tax credits. The launch will be difficult as always. But border protection and a dynamic domestic market will allow companies to get started and then become competitive. This is what interests Meyer Burger.
