124th Morrison Congress

2nd Session

H.R. 124-052
Title of the Bill:

Increase Incentives for Installing Solar Panels Act

Main Author(s):

Rep. Tiffany Shen (D. CA)

Co-Sponsor(s):
BE IT ENACTED BY THE MORRISON CONGRESS
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SECTION 1: Findings
Congress makes the following findings:
1) Energy incentives account for less than 2% of federal spending and
tax breaks ($47 billion)
2) The US government spends $290-610 billion on energy annually (the
large range is due to different views on what constitutes as energy)
3) Solar panels usually pay for themselves after six years
SECTION 2: Purpose
The purpose of this bill is to increase tax incentives for installing solar panels on
private property
SECTION 3: General Provisions
The US government should increase tax incentives for installing solar panels on
private property such as homes and increase awareness on renewable energy.
The 2% of the budget currently spent on energy incentives should be increased
to 3.5%, persuading more homeowners to transfer to using clean, renewable
energy and become more self-sustaining energy wise. The tax breaks will pay for
themselves over time as the $290-610 billion the US government spends on
energy currently would decrease as homeowners begin relying on their own solar
panels for energy rather than on energy produced at power-plants.
SECTION 4: Definitions
Renewable energy: energy that is collected from naturally replenishing

resources

Works Cited: http://climatepolicyinitiative.org/2012/03/12/what-does-the-u-s-governmentreally-spend-on-energy/

https://en.wikipedia.org/wiki/Solar_power_in_the_United_States
http://southerncurrentllc.com/how-long-does-it-take-for-a-solar-panel-installation-to-pay-foritself/
http://www.ontheissues.org/Celeb/Democratic_Party_Energy_+_Oil.htm