Inside the IRA: How does prevailing wage affect my solar tax credit?
The U.S. Department of Treasury has begun to release guidance on the Prevailing Wage & Apprenticeship language in the Inflation Reduction Act, which goes into effect January 23, 2023.
Solar and storage prices soared as a result of market disruptions, NREL reports
The Covid-19 pandemic, tariffs, the Uyghur Forced Labor Act all created such significant market disruptions between Q1 2021 and Q1 2022 that NREL researchers looked at both short-term distortions and long-term trends in its most recent annual cost benchmark report.
Sunrise brief: California rulemaking to cut solar net metering payments by 75%
Also on the rise: Guidance for solar tax credit prevailing wage and apprenticeship requirements. Battery manufacturer to install massive 3.8 MW rooftop solar system at Pennsylvania HQ. And more.
KORE Power raises capital from Siemens and Quanta for 6 GWh Arizona gigafactory
With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications.
Mitsubishi unveils air source heat pump
Mitsubishi has released a cascaded air source heat pump that can produce between 7.8 kW and 640 kW of heat. It is reportedly able to generate hot water at a temperature of up to 158 F without boost heaters.
California rulemaking to cut solar net metering payments by 75%
A vote is expected mid-December on a rulemaking change that would severely dampen the value of new rooftop residential solar installations in the nation’s largest market.
Why the solar industry has a trust problem (and how to fix it)
By aligning industry measurement practices, we can create more trust among everyone involved in the solar installation journey.
DOE priorities for $3.8 billion in grants include distributed resource aggregations
Under a U.S. Department of Energy program to promote grid flexibility and resilience, distributed energy resource aggregation projects may seek to share in $1.1 billion in smart grid grants.
Guidance for solar tax credit prevailing wage and apprenticeship requirements
The Treasury Department released details today on how clean energy developers can receive full value of Investment Tax Credit by using a percentage of registered apprentices and paying prevailing wage.
People on the move: Highview Power, Pfister Energy, Ameresco and more
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
