Despite the upcoming loss of federal tax credits, community solar developers and investors can prevail if they prioritize states with strong legislation and financial incentives.
Foreign entity of concern (FEOC) rules deny tax credits for projects that exceed using certain thresholds of Chinese products.
The order tightens the deadline for project tax credit eligibility and orders the Treasury to apply enhanced Foreign Entity of Concern restrictions to imports.
The Wood Mackenzie/American Clean Power U.S. Energy Storage Monitor forecasts 15.2 GW/48.7 GWh of capacity will be added in 2025 across all sectors.
SEG Solar closed a sale of 45X manufacturing tax credits. The company reports it has invested more than $60 million in its Houston facility, which has achieved an annual production capacity of 2 GW through two fully automated production lines.
The sale of these credits will generate incremental investments that Silfab Solar will use to expand U.S. manufacturing facilities.
A letter signed by 12 Republican House of Representatives members voiced strong support for retaining the Biden-era Investment Tax Credit and Production Tax Credit.
Construction has begun on the two-phase 430 MW Kelso Solar Project that developer Arevon reports had no opposition due to its impactful public engagement.
With a Republican Congress gearing up to reduce federal spending, workers rallied at Maine’s State House to call on Congress to preserve federal tax credits that have led to well-paying jobs and lowered energy costs due to the renewable energy buildout.
Labor-led organization finds that the Investment and Production Tax Credits support hundreds of energy projects, create good-paying jobs, protect ratepayers from rising energy bills, and boost energy security in the U.S.
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