The pro-renewables Energy and Policy Institute has challenged the state-level energy policy work of the State Policy Network, which reports annual revenues of $24 million and combined annual revenues across its 150 think tank members of $188 million.
The transition to California’s new net metering, ‘NEM 3.0,’ regime was justified, in part, as a way to support residential energy storage installations but the state policy has pushed rooftop solar off a cliff.
FTI Consulting said incentives in the Inflation Reduction Act could cause a “seismic shift” on the U.S. economy as a whole over the next 12 to 24 months.
Norton Rose Fulbright conducted a live podcast with tax and legal experts who discussed what could be on the chopping block in the massive Inflation Reduction Act, passed in 2022.
Also on the rise: U.S. solar industry week in review. U.S. expected to outpace Europe in lithium-ion battery cells. And more.
pv magazine USA spotlights news stories of the past week including market trends, project updates, policy changes and more.
Rooftop solar has the technical potential to serve 45% of electricity demand, based on 2022 demand levels, said a report from Environment America. As of that year, it served about 1.5% of electricity consumed.
Also on the rise: Solar now accounts for over 50% of new electricity capacity added to the U.S. grid. IRS final rules for clean energy tax credit direct pay and transferability. And more.
The income tax credit is currently capped at $5,000. A proposed bill would double the cap and add provisions to enable low- to moderate-income residents to receive a refund payment.
The California Public Utilities Commission issued a proposed decision that the Net Value Billing Tariff conflicts with federal law, leaving to question the future of the potentially burgeoning community solar market.
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