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Washington, DC – Today, the United States Senate Committee on Finance released its text for the reconciliation bill. Mike Carr, Executive Director of the Solar Energy Manufacturers for America (SEMA) Coalition, released the following statement:
“As we continue to review the Senate Finance Committee text, the proposed draft undermines long-term American energy and economic security and presents a tremendous step backward for companies onshoring the entire solar value chain. We appreciate the Senate Finance Committee’s stated desire to support domestic solar manufacturing by limiting Chinese firms’ access to 45X credits and making the domestic content bonus more effective. Unfortunately, those improvements are made functionally irrelevant by the abrupt phase out of the Investment Tax Credit beginning the end of 2025.
“This bill will end any hope of onshoring domestic manufacturing. It would eliminate the market advantage for non-Chinese domestic products that would level the playing field for American manufacturers which is critical for justifying investments in new factories. Instead, it will upset existing contracts for products from domestic factories opening up in the next few months and jeopardize billions in factory investments and thousands of jobs, conceding an important market to heavily subsidized Chinese products.
“As it stands, this bill is a massive gift to Chinese manufacturers, will likely expose our grid to security vulnerabilities, and serves a blow to hard-working Americans. We hope to have the opportunity to work with good faith partners in the Senate in the coming days to make the reality of this bill match the pro-manufacturing rhetoric of the Senators and the Trump administration.”
