By Blake Jackson
A recent policy passed by the U.S. House on May 22 introduces a 60-day construction requirement that could end hundreds of solar projects. This move endangers the financial future of many farming families who rely on solar income for stability, retirement, and continued agricultural productivity.
The solar projects supported by Investment Tax Credits (ITCs) have helped farmers generate renewable energy while continuing to cultivate their land, a method known as agrivoltaics. This dual-use model offers a sustainable way to boost farm income, manage economic uncertainty, and ensure energy independence.
"Our farmers rely on the financial stability of solar projects to keep their land productive, diversify their income, and future-proof their businesses against growing economic uncertainties," said Lucy Bullock-Sieger, Chief Strategy Officer at Lightstar. "Stripping the ITCs away is more than policy change. It's a direct threat to American livelihoods, our food system, and energy security. Lightstar stands united with our landowners across the country — do not jeopardize their futures."
Over the years, ITCs have encouraged $600 billion in private investment and supported 270,000 jobs nationwide. Studies show these credits offer a 400% return and could expand the U.S. economy by $1.9 trillion over the next ten years.
Lightstar, a leading advocate for responsible solar development, works to ensure land remains in agricultural use while supporting renewable energy goals. "If the United States wants to ensure a secure American energy pipeline – the Senate must safeguard current solar investments which have already drawn down significant capital expenses. Abruptly cutting off the investment tax credits undermines the stability of a high-performing industry, jeopardizing hundreds of thousands of jobs and billions in private investment," said CEO Tom Brown.
The company calls on the Senate to reject the House provisions and protect ITCs to maintain food and energy production in rural communities. "The Senate must act to protect responsible solar and block the House ITC provisions," said Bullock-Sieger. "Canceling the investment tax credit in 2025 means canceling the futures of thousands of farming families and jeopardizing our energy security as a nation. We need more food and energy, not less – and farming families should be able to deliver both for America."
Photo Credit: istock-shansekala
Categories: New York, Energy