The framework includes a 10-year expanded tax credit for utility-scale and residential clean energy, transmission and storage, clean passenger and commercial vehicles, and clean energy manufacturing.
The incentive program requires that the batteries be charged by the on-site solar power system in order to fully qualify.
Analysis by Rystad Energy said that commodity price inflation and supply chain bottlenecks could lead to the postponement or even cancelation of some projects.
The largest single-quarter drop in three years comes as the American Solar Manufacturers Against Chinese Circumvention propose greater tariffs against Asian-imported modules.
Also on the rise: Energy Vault notches a win for its gravity based energy storage system, and Greenbacker names an EPC for two utility-scale solar projects.
While still in the planning and development stage, the New Brunswick facility is targeted to enter service in 2024.
Both projects have long-term PPAs in place with local utilities and are slated to start construction later in 2021.
Energy Vault signed a $520 million deal to supply 1.6 GWh of energy storage to DG Fuels to produce renewable hydrogen and a variety of fuels.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
The new rates will help to support the expansion of two of the utility’s prominent solar programs, 30-by-30 and the SolarTogether community solar initiative.
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