President Barack Obama has signed legislation to create solar jobs for thousands of Americans and provide billions of dollars in tax credits to encourage companies to build wind and solar power projects in the United States, a White House official said Wednesday.
But Republicans in Congress have complained that the legislation will only help the fossil fuel industry and not American workers.
Obama signed the solar tax credit and tax credits into law on Monday, while Senate Democrats blocked his signing of a bill to provide more than $4 billion in tax breaks to wind and other renewable energy companies.
Obama is set to visit the National Solar Association’s annual conference in Las Vegas later this month.
The bill will also provide tax credits of up to $1,500 for the first $25,000 invested in renewable energy projects, and $2,000 for an additional $25 or more.
It’s expected to spur the construction of solar jobs and boost the economy.
It’s a big win for the solar industry, with the National Renewable Energy Laboratory forecasting that the tax credit will add an additional 2,000 jobs, more than the 1,000 previously estimated.
But Senate Democrats have said the bill is only intended to help the wind and energy industry, not help American workers who will be forced to pay higher taxes.