Release: Failure of Solar Energy Tax is a Victory for Missouri Consumers
Missouri General Assembly adjourns without passing HB 340
FOR IMMEDIATE RELEASE
May 12, 2017
Renew Missouri: PJ Wilson, firstname.lastname@example.org, (417) 459-7468
Missouri Solar Energy Industries Association (MOSEIA): Zachary Wyatt-Gomez, (660) 988-5225
JEFFERSON CITY, Mo. — In a victory for families, businesses and the economy, the Missouri General Assembly adjourned today without passing House Bill 340, an onerous new tax on solar energy users that would have devastated one of the state’s fastest growing industries. HB 340 passed the Missouri House on April 3 but was not taken up in the Senate after thousands of Missourians signed petitions opposing the measure.
“This job-killing energy tax would have devastated one of Missouri’s most innovative and fastest growing industries while making energy more expensive for thousands of solar energy users across the state,” said Zachary Wyatt-Gomez, Executive Director of MOSEIA. “We thank the members of the Missouri Senate for doing the right thing and putting the brakes on this anti-business and anti-consumer bill.”
HB 340 would have allowed utilities to impose additional fees on Missourians who produce their own renewable solar power — on top of the customer charge consumers already pay — increasing the fixed price of their utility bills by 75 percent. This new energy tax would have had a devastating impact. HB 340 would have resulted in the loss of 2,000 solar jobs, $200 million in solar company revenue, $50 million in sales tax revenue, and $15 million in payroll taxes.
“Missourians deserve clean, reliable, affordable energy — not backdoor tax hikes to line the pockets of big utility companies,” said PJ Wilson, Executive Director of Renew Missouri. “The failure of this bill is a victory for families, businesses and our entire economy, and we thank the lawmakers who opposed it. These lawmakers listened to their constituents and the thousands of Missourians who contacted their representatives in opposition to this bill. Moving forward, rather than gouging renewable energy users with new taxes and fees, state leaders should help families and businesses by working to make solar energy even more affordable and accessible.”
This bill specifically targeted consumers who use “net metering,” a common-sense policy that allows homeowners and businesses to produce their own electric power, and to be credited for the power that they don’t use and send back onto the grid. In Missouri, homeowners and businesses receive a 1-for-1 bill credit for each kWh they put back onto the grid.
With 40 solar companies and 112 suppliers across the state, the solar industry supported 3,148 Missouri jobs in 2016. Solar employment opportunities are currently growing 12 times faster than the rest of the U.S. economy.
About Renew Missouri
Renew Missouri is a nonprofit organization formed in 2006 to advance energy efficiency and renewable energy policy in Missouri. Renew Missouri’s mission is to transform Missouri into a leading state in both efficiency and renewable energy.
The Missouri Solar Energy Industry Association MOSEIA’s mission is to strengthen and expand the solar industry and establish a sustainable energy future for all