This historic level of investment is key to achieving American manufacturing independence and clean energy security.
The reconciliation bill, which carries full Democratic support in the Senate, carries $370 billion in energy security and climate spending.
After public petition, lawmakers decided to scrap plans to remove the competitive retail electric market, which had a high penetration of renewable energy products.
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.
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.
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.
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.
Also on the rise: White House announces solar initiatives to reduce electricity bills, create clean energy jobs. Solar powered lawn mowing. And more.
Senator Joe Manchin (D-WV) announced his support for a new reconciliation package named the Inflation Reduction Act of 2022, which includes billions in spending for clean energy.
Energy efficient buildings, which are part of a least-cost strategy for 100% renewables, are being promoted through a $225 million program designed to accelerate adoption of the latest building energy codes by states and cities.
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