Taxpayers seeking to claim the highest available investment and/or production tax credits for renewable energy projects must comply with the prevailing wage and apprenticeship requirements.
The new order puts the state on track to install 6 GW of energy storage by 2030.
Also on the rise: U.S. grid-scale storage grows 84%, residential storage 48%. Planted Solar reports doubled energy per acre with terrain-following array. And more.
According to the Treasury Department, developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
A guide to utility resource plans aims to help state regulators and others engage effectively with utilities in reviewing the plans, which have often been challenged for limiting solar and storage in projections of new generating capacity needed.
Also on the rise: Reshore solar manufacturing but don’t stall construction with tariffs, suggests union official. Princeton NuEnergy scores $30 million in funding for lithium battery recycling. And more.
After a two-year pause, antidumping and countervailing duty (AD/CVD) tariffs on solar components shipped from Southeast Asia are set to resume in June 2024.
Community solar projects are non-utility owned assets that allow customers to subscribe to a portion of the project’s electricity generation capacity in exchange for bill credits.
A leader of a union whose members work in construction and maintenance said the union supported a moratorium on tariffs on certain imported solar panels, as domestic panel output increases, to preserve opportunities in solar construction and installation.
NYSERDA is allocating $5 million to fund up to 50% of project costs for developing energy storage systems capable of operating for 10 to 100 hours, addressing key integration challenges and promoting viable economic products within New York’s energy grid.
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