Thursday, May 24, 2018

Mid-Atlantic, Western PA Solar Energy Associations Honor Sen. Scavello For New Solar Energy Law

Sen. Mario Scavello (R-Monroe) was honored Wednesday by the Solar Unified Network of Western Pennsylvania and the PA Chapter of Mid-Atlantic Solar Energy Industries Association for his efforts to boost the use of clean energy in the Commonwealth.
Sen. Scavello championed two key measures in the current legislative session, Clean Energy Jobs legislation and Property Assessed Clean Energy financing programs-- Senate Bill 234.
Provisions from Sen.Scavello’s Clean Energy Jobs Act, Senate Bill 404, were amended into Act 40 of 2017, the 2017-18 Administrative Code bill last year.  (Click Here for more.)
The law requires that electric distributors will have to purchase their Solar Renewable Energy Credits (SRECs) from within the Commonwealth, protecting Pennsylvania-based solar credits and putting Pennsylvania in line with many neighboring states.
The measure ensures that PA ratepayers are supporting jobs, investment and tax revenue in Pennsylvania.
“Solar energy is a key component of our diverse energy portfolio, which is driving 21st century job creation,” said Sen. Scavello. “I am proud to receive this recognition, which reflects my commitment to promoting clean energy and economic development it provides to rural and urban communities.”
Senate Bill 234 lays the groundwork for counties and municipalities to create Property Assessed Clean Energy (PACE) financing programs. PACE financing allows business owners, contractors, and private investors to arrange long-term loans that are repaid through the property taxes on a building, allowing for limited or no upfront cost for the business.
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