IRS rules energy storage upgrade to solar tax credit eligible
In a Private Letter Ruling published on Friday, the IRS said that a battery added to a solar pv system a full year after solar installation was completed is eligible for a the full 30% tax credit – as long as it is 100% powered by solar.
HECO seeks 300MW of renewable energy in new RFP
Utilities on three Hawaiian islands have put out a request for proposals to build wind and solar projects, with an option of energy storage. The goal is to maximize ITC value before it drops down in 2022.
12 hours of energy storage enough for U.S. to run on 80% solar+wind
Scientists in California have modeled a solar-heavy/wind power electricity grid, without nationwide HVDC, that could reliably deliver 80% of U.S. electricity needs. 100% of needs would require 3 weeks of energy storage.
Installers more confident in the solar industry than ever, survey says
In a survey conducted by EnergySage in conjunction with NABCEP, 30% of installers also say interest in solar+storage has increased among their customers.
PetersenDean partners with LG, SolarEdge for solar plus storage
The residential installer will offer LG Chem’s RESU battery packs and SolarEdge’s StorEdge inverter, power optimizer and monitoring solution as part of its residential solar plus storage offering.
Solar to lead global renewables growth for next five years — KPMG
Solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this as well.
FERC opens markets to energy storage, begins distributed energy proceeding
As the completion of the multi-year rule-making the federal agency will require grid operators to value the contributions of energy storage, and begins a process to look at how aggregated distributed energy resources can compete in wholesale markets.
Maryland opens energy-storage tax credit program
The program is now taking applications for $750,000 in tax credits to support energy storage systems added to existing renewable energy systems, with $225,000 reserved for residential solar customers and $525,000 reserved for commercial taxpayers.
CALSEIA rebrands as California Solar and Storage Association
America’s second largest solar association says it’s adapting to the changing market to serve both solar – and storage – members of its ever-growing state industry.
Report: Venture capitalists fall in love with battery storage
According to a report released by Mercom Capital, venture capital firms showered battery storage companies with money to the tune of $714 million last year.
