HomeMy WebLinkAboutRES NO 123-15RESOLUTION NO. It 2 3' 15
A RESOLUTION OF THE COUNCIL OF THE CITY OF
BAKERSFIELD TO URGE THE CONGRESS OF THE UNITED
STATES TO EXTEND THE FEDERAL TAX CREDIT FOR SOLAR
ENERGY PROJECTS
WHEREAS, the federal investment tax credit for solar power, contained in
Sections 48 and 25D of Title 26 of the United States Code, is set to decrease from
30 percent to 10 percent for commercial consumers and from 30 percent to 0
percent for residential consumers after December 31, 2016; and
WHEREAS, the solar industry adds more than $15 billion to the United States
economy and increased energy production from domestic solar energy
resources would attract substantial new investments in energy infrastructure and
create local economic growth; and
WHEREAS, the solar energy industry employs 54,000 Californians and is one
of the nation's fastest growing job creators, employing over 170,000 people
nationwide and growing at a rate nearly 20 times faster than the overall
economy, according to The Solar Foundation; and
WHEREAS, the loss of the investment tax credit would lead to significant
job losses in California and beyond in 2017; and
WHEREAS, accelerated development and use of solar energy
technologies would provide numerous benefits to all citizens of California and
the United States, including improved national security, healthier rural
economies, improved air and environmental quality, and abundant, reliable,
and affordable energy; and
WHEREAS, long -term supportive policies at the local, state, and federal
levels have brought about significant cost reductions within the solar industry in
California and across the country; and
WHEREAS, public policies aimed at enhancing solar energy production
and accelerating technological improvements will further reduce energy costs
over time and increase market demand; and
WHEREAS, increased use of solar energy is practical and can be cost
effective with the help of consistent, long -term supportive policies and proper
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incentives to stimulate markets and infrastructure, such as the Investment Tax
Credit.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Bakersfield as follows:
The above recitals are true and correct and incorporated herein.
2. The City of Bakersfield respectfully requests that the Congress of the
United States take immediate action to extend the federal
investment tax credit in Sections 48 and 25D of Title 26 of the United
States Code.
3. Copies of this resolution shall be transmitted to the Speaker of the
House of Representatives, the Majority Leader of the Senate, and to
each Senator and Representative from California in the Congress of
the United States.
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I HEREBY CERTIFY that the foregoing Resolution was passed and adopted
by the Council of the City of Bakersfield at a regular meeting thereof held on
OCT 14 1015 by the following vote:
✓ ✓ ✓ ✓
YES' COUNCIL MEMBER RIVERA, MAXWELL .SMITH, SULLIVAN, . PARUER
COUNCIL MEMBER
COUNCILMEMBER wet♦
ABSENT: COUNCIL MEMBER &ABI
�;4wi PL� �'
O ERTA h.AFFORD, CMC
CITY CLERK and Ex Officio Clerk of
the Council of the City of Bakersfield
A;Mayor VED OCT 1 4 2015
B
ARVEY L. HALL
APPROVED AS TO FORM:
VIRGINIA GENNARO
City Atto ey
By aho
VIRGIINIAIGENNARID
City Attorney
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S: \COUNCIL \Re \I S16 \SUppprllmCre M6 r nmp .
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