The office of Governor Hochul released funds administered by the New York State Energy Research and Development Authority (NYSERDA).
At the Solar Energy Industry Association’s annual event in Times Square, experts delved into the complexities of the Inflation Reduction Act and its impact on solar financing.
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 cumulative total of community solar installations is expected to reach 14 GW in the United States by 2028, according to a report by Wood Mackenzie.
Also on the rise: Publicly traded solar installer Sunworks files for bankruptcy. New York Power Authority seeks proposals for 5.2 MW solar project. And more.
NYPA looking for proposals for solar installation at State University of New York at Oneonta, preferably with a battery energy storage system. A second, non-lithium long-duration energy proposal is sought.
Also on the rise: Solar recycling headquarters and research lab opens in Arizona. IRS pre-registration portal open for IRA elective pay and transferable credit
Changing regulations, programs, and renewable energy targets are placing New York City on a path for increased solar buildout.
Walmart, U.S Bancorp Impact Finance and Reactivate closed a tax equity transaction on the portfolio of solar projects in New York and Illinois.
In a new weekly update for pv magazine, Solcast, a DNV company, reports that areas in the totality, where the moon completely blocks the sun, will see a 100% loss in solar generation for the duration of the totality.
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