Solar developers beware: Congress could revoke a key tax credit provision
An otherwise pro-renewables bill in Congress would repeal a key policy that has underpinned large-scale solar development. Up to now, few solar developers have been aware of this wolf in sheep’s clothing.
Solar highlights in the Senate’s $3.5 trillion budget proposal
The budget bill aims to fight climate change with investments in clean electricity and home electrification, to be funded by higher taxes on corporations.
Sunrise brief: Bill would expand ITC to include integrated solar roofs
Also on the rise: A report names groups that are anti-solar and reveals their strategies, Illinois limits HOA power over rooftop solar, and SunPower added 13,000 customers in Q2 as it looks for big growth to close the second half.
Bill would expand the ITC to include integrated solar roofs
The RAISE the Roof Act would allow the entirety of an integrated solar roof to be covered by the investment tax credit.
Sunrise brief: An energy tax credit that wins the support of the fossil fuel industry and environmentalists?
Also on the rise: A startup invents a breakthrough battery electrolyte, renewables generated a record amount of electricity in 2020, a 250 MW solar project is proposed in Wyoming, and more.
Tax credit would target emerging tech in solar, storage, and hydrogen
The bill would offer both a PTC and an ITC and won the support of the Environmental Defense Fund and the American Petroleum Institute.
Here’s what Biden’s infrastructure bill offers solar and cleantech
The $2 trillion package includes a proposed 10-year extension of the ITC and PTC and calls for further incentives to add transmission capacity. Most solar advocates liked it, but one nonprofit panned it as being too industry-friendly.
Lawmakers propose energy storage system tax incentive
The bipartisan legislation would provide a federal investment tax credit for energy storage without the need for solar.
House lawmakers reintroduce the GREEN Act, a ‘critical’ bill for solar
The legislation would extend the federal Investment Tax Credit for solar and create a version for energy storage technology.
Solar PPA prices in the US rise for the second consecutive quarter — after 18 months of decline
LevelTen Energy’s Q3 2020 PPA Price Index report shows that average utility-scale solar PPA prices rose again in Q3, up to $29.3/MWh. And while the ITC step-down and simple economics are to blame, LevelTen shares that the increases are no cause for alarm.
