Also on the rise: Treasury overloaded by renewable energy low-income tax credit applications. RFP alert: New York seeks “expedited” solar. And more.
Also on the rise: U.S. solar generation has grown 12x in a decade. Tax credit boost for solar projects serving low-income and tribal communities. And more.
Applications are now open for the Low-Income Communities Bonus Credit Program supported by the Inflation Reduction Act. The program’s goal is to expand access to low-cost and clean energy for underserved communities.
The Internal Revenue Service released the rules for which credits and entities qualify for various transactions related to Inflation Reduction Act tax credits.
Currently ranked 20th in the country for installed solar, the outlook for solar in the state is bright, with SEIA projecting that nearly 4 GW will be added in the next five years, popping the state up to the 12th spot.
Officials from clean energy states discussed how the Inflation Reduction Act is advancing rooftop solar, customer savings, economic development, and grid reliability, and described the extent of community support they see for the clean energy transition.
LG Electronics North America has revealed plans to manufacture 100% electric heat pumps in the United States for the first time.
Partnering with MoveEV to support the transition to EVs is expected to save Easthampton, Mass. about $360,000 per year on gasoline, among other benefits.
The program will support investments by rural electric systems to improve service while reducing costs and climate pollution. Two smaller programs will support rural electric systems to deploy renewables and storage, and to improve resiliency.
Also on the rise: Inside the renewable energy Production Tax Credit (PTC). 50 states of solar incentives: Georgia. And more.
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