The Hornet Solar project is projected to monetize more than $500 million in Inflation Reduction Act production tax credits across the next decade.
A letter signed by 21 House members urged Congress to retain long-term clean energy tax credits set forth in the Inflation Reduction Act.
As industry players are nervously watching the administration’s decision to temporarily freeze and review several provisions within the Inflation Reduction Act, the Solar Energy Manufacturers of America Coalition spells out its priorities.
Also on the rise: Technology-neutral proposed tax credit called ‘game-changing policy’. Less than 3% of farmland could power the Midwest. And more.
The U.S. Treasury Department has issued further proposed guidance on the IRA, detailing a path to support a broad array of technologies–including solar– with tax credits, and clarifying many additional tax-related items in its latest guidance.
The introduction of transferable solar tax credits under the Inflation Reduction Act (IRA) is revolutionizing the solar finance landscape, with online transfers occurring, and nuanced techniques to maximize value developing.
Sodium-ion energy storage system manufacturer, Peak Energy, is working to streamline what it believes is the biggest bottleneck to scaling enough battery energy storage systems to accommodate 80% renewable energy generation and 100% carbon-free electricity by 2035.
If approved, the projects are expected to generate 772 MW of electricity, or enough to power about 200,000 Virginia homes.
Among the many benefits of the passage of the historic Inflation Reduction Act is the decarbonization of the U.S. grid; however, challenges remain.
While the U.S. has the financial capacity, technology and human capital, the question is whether government policy will allow for the clean energy infrastructure to be built out fast enough to achieve clean energy dominance.
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