Sunrise brief: Inflation reduction act supports Made in the USA solar supply chain
Also on the rise: Massachusetts climate bill removes anti-competitive electric choice provision. Carolina utility chasing waterfalls, costing consumers billions. And more.
Clean energy manufacturing support in Inflation Reduction Act
This historic level of investment is key to achieving American manufacturing independence and clean energy security.
Lowered energy costs, climate measures in the Inflation Reduction Act
The reconciliation bill, which carries full Democratic support in the Senate, carries $370 billion in energy security and climate spending.
Massachusetts climate bill removes anti-competitive electric choice provision
After public petition, lawmakers decided to scrap plans to remove the competitive retail electric market, which had a high penetration of renewable energy products.
Carolina utility chasing waterfalls, costing consumers billions
A Brattle Group study finds that arbitrary caps on solar power will increase electricity costs by billions through 2035, including $900 million in 2030, and $800 million in 2032 alone – while the utility is putting trust behind non-existent nuclear reactors.
93% of utility-scale batteries that came online in 2021 were paired with solar power generation
EIA Annual Electric Generator Report finds that the greatest change in battery use is for price arbitrage.
Sunrise brief: Solar investment tax credit to be extended 10 years at 30%, per Inflation Reduction Act
Also on the rise: As Texans are asked to cut energy use amidst a heat wave, solar and batteries step up. Intersect Power places order for 2.4 GW of First Solar modules. And more.
As Texans are asked to cut energy use amidst a heat wave, solar and batteries step up
The Texas grid is having energy supply issues as heat waves cause energy demand to spike. Rooftop solar and energy storage offer relief for homeowners and the grid at large.
Intersect Power places order for 2.4 GW of First Solar modules
A long-time customer of First Solar’s, Intersect Power is expected to be one of the largest buyers and operators of First Solar technology by 2027.
Solar investment tax credit to be extended 10 years at 30%
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
