Foreign entity of concern (FEOC) rules deny tax credits for projects that exceed using certain thresholds of Chinese products.
The bill cancelled residential solar tax credits at the end of 2025 and added new timelines and restrictions for tax credits under Sections 45Y and 48E.
Renewable energy has sustained an attack from the federal government, but it remains a central focus for new-build energy, explains a memo from the Natural Resource Defense Council.
Third Act was founded by environmentalist Bill McKibben who encourages residential solar because solar power works, it is an inexpensive form of power, it lowers energy bills and helps stabilize the grid.
Lazard’s analysis of levelized cost of electricity across fuel types finds that new-build utility-scale solar, even without subsidy, is less costly than new build natural gas, and competes with already-operating gas plants.
In April, solar photovoltaics accounted for 10.64% of all electricity generation, according to the EIA. Combined with wind, the two sources neared 25%, while carbon-free electricity edged above 49%.
Yang Bao, Trinasolar’s president of global sales and marketing, recently spoke with pv magazine about the company’s strategy for the solar and energy storage business.
As fleets electrify, transit agencies are turning to solar and battery storage under long-term PPAs to control costs and future-proof infrastructure.
pv magazine USA spoke to solar installers who learned first-hand that interest in batteries can vary from customer to customer, as it can often depend on geography and state policy, among other factors.
The company is now running grid flexibility services for small and mid-sized business customers across the CAISO, NE-ISO, PJM, and SPP independent system operator grids.
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