Congressman Joe Neguse Introduces First Legislative Package, including a Bill to Increase Investments in Solar
Washington D.C.—Congressman Joe Neguse, today, introduced his first piece of legislation, the Solar Expansion Distributed Generation Exponentially (EDGE) Act which incentivizes residential solar installation and long-term job growth in the solar industry.
“Climate change is an existential threat that we need to begin tackling head on. That means taking bold action on renewable and clean energy and reducing carbon emissions,” said Congressman Joe Neguse. “In Colorado, we’ve been fortunate to develop and implement innovative policies that support solar-friendly regulations, but many other areas across the U.S. are restricted from large scale projects. The Solar EDGE Act will be a boost for the American solar industry and incentivize residential installation for those who are looking for a clean energy solution.”
Prices for solar power in homes and businesses are becoming more affordable and accessible for average consumers. Yet, only a few states, including Colorado, have enacted laws supporting reasonable financing options, to further reduce utility rates. The Solar EDGE Act will create a short-term surge of investment in small distributed generation solar systems, which allows companies to reach states that have been left out of this critical clean energy platform. Solar EDGE will make solar energy competitive with current utility rates in more markets, overcoming state disparities and producing long-term job growth in the solar industry.
Specifically, the Solar EDGE Act provides a two-year 20% increase to the current Investment Tax Credit (ITC) for small solar systems (under 20kW), creating an aggressive, short‐term acceleration of distributed generation for residential and commercial consumers, accelerating job creation and technological advancement to maintain US competitiveness in the solar industry by growing our domestic solar market, ensuring that the US is not overshadowed by solar powerhouses like China, and Germany.
The Solar EDGE Act comes as part of a legislative package introduced by Congressman Neguse, which also includes the Arapaho National Forest Boundary Adjustment (WEDGE) Act; Bolts Ditch Access and Use Act, which authorizes special use of the Bolts Ditch head gate and segment of the Bolts Ditch and a bill to install a statue from an artist from Loveland, CO in Washington D.C. as a national monument dedicated to women’s suffrage.
Work on all four bills were started by former 2nd District Congressman, now Colorado Governor, Jared Polis.