Inside the IRA: How does prevailing wage affect my solar tax credit?
The U.S. Department of Treasury has begun to release guidance on the Prevailing Wage & Apprenticeship language in the Inflation Reduction Act, which goes into effect January 23, 2023.
Inside the renewable energy Production Tax Credit (PTC)
Solar is eligible for a production tax credit for the first time since 2006 under the Inflation Reduction Act.
Sunrise brief: The floodgates open for the U.S. solar industry
Also on the rise: California to ban gas-powered car sales by 2035. Production tax credit or investment tax credit? And more.
To PTC or ITC, that is the financial question
CohnReznick Capital has released an analysis comparing the returns on investment of the newly available Production Tax Credit to the standard 30% Investment Tax Credit.
House panel offers details on solar benefits in $3.5t budget bill
If passed later this year, the bill as currently drafted would extend the full ITC for 10 years before phasing it down between 2032 and 2033.
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.
