Remarks by U.S. Deputy Secretary of the Treasury Wally Adeyemo at Public Meeting with CFPB Director Rohit Chopra, FTC Chair Lina Khan and Stakeholders on Steps to Protect Residential Solar Consumers

As Prepared for DeliveryI wanted to start by thanking you all for being with us here today to talk about something that we think is incredibly important for families across the country. One of the Biden Administration’s top economic priorities is lowering costs for American families, and we have taken historic steps to do this through investments in clean energy.Today the Treasury Department and IRS released data that shows that hundreds of thousands of Americans are taking advantage of tax credits that lower the cost of installing solar panels, which is allowing the typical family to save $2,230 a year on their utility bills.