Solar tax credits cost $25 billion, but lower bills by $51 billion annually, said SEIA
The $25 billion annual cost of tax credits is far outweighed by the $51 billion in lower electricity bills, $12 billion in federal tax revenue, and $3.7 billion in state and local taxes, found analysis by the Solar Energy Industries Association, Brattle Group, and University of Louisiana.
Residential solar businesses are using AI
EnergySage, Scanifly, Freedom Forever, and Bodhi have all introduced AI-supported tools for solar design, customer service, and workflow management.
Sunnova solar assets stable, paying interest, while bankruptcy continues
Bond analyst KBRA, which has rated $6 billion of solar-backed securities issued by the recently bankrupt Sunnova, is maintaining its ratings and says the loan and lease packages remain stable investments, independent of the reorganizing company.
Solar project developer enters novel “precycling” agreement
Engie structured a power purchase agreement that includes a recycling plan with Solarcycle when the project reaches end-of-life.
Commercial solar loan provider launches “fast track” approval process
OneEthos launched a financing program that enables instant credit decision for commercial solar projects up to $350,000.
U.S. residential solar on the brink of collapse
Residential solar is on a downturn, and things may get worse. In a shock for the industry, the latest draft of the “One Big Beautiful Bill Act” excludes residential solar lease providers from the Investment Tax Credit.
Canada’s largest off-grid solar project breaks ground
The Anahim Lake Solar Farm in British Columbia, Canada, will provide the Ulkatcho First Nation with renewable energy, reducing the remote community’s use of diesel for electricity generation by almost two-thirds.
Midwest utility-scale solar advances on three milestone announcements
Earthrise Energy, Redeux Energy Partners, and Geronimo Power announced project finance deals, portfolio investment, and the commercial operations of two projects, respectively.
2025: A landmark year for solar energy
The IEA-PVPS 2025 Snapshot of Global PV Markets reveals a pivotal moment for solar power: global PV capacity surpassed 2.2 TW, with more than 600 GW installed in 2024 alone. As module prices fell due to oversupply, installation volumes continued to grow, highlighting both the strength and volatility of the global PV industry.
Onyx Renewables secures $260 million financing
The New York-based solar, storage and EV charging provider secured funds to support construction of onsite clean energy projects.
