New Report Establishes Baseline for Clean Energy Deployment in Energy Communities

Credit to Author: Cynthia Shahan| Date: Fri, 13 Dec 2024 23:17:57 +0000

For the first time, the Inflation Reduction Act of 2022 included place-based federal tax incentives for projects located in “Energy Communities,” which might alter the economic equation of where projects should be located. Storage projects may be eligible for a 10-point increase in the Investment Tax Credit (e.g., from 30% … [continued]

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US Solar Manufacturing Tax Credit — Updated, To Create More Jobs

Credit to Author: Zachary Shahan| Date: Fri, 25 Oct 2024 03:43:21 +0000

I know, it’s hard to keep track of all these cleantech tax credits. The US is now offering tax credits for solar panels, solar cells, electric cars, batteries, wind turbines, heat pumps, and more. The Inflation Reduction Act created some new ones, extended others, and is stimulating a lot more … [continued]

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More US Solar Manufacturing Incentivized By Biden–Harris White House

Credit to Author: Zachary Shahan| Date: Wed, 23 Oct 2024 14:07:08 +0000

The US is in the midst of a manufacturing revival like the country has never seen. A strong portfolio of policies from the Inflation Reduction Act of 2022, the CHIPS and Science Act of 2022 (CHIPS), and the Bipartisan Infrastructure Law has stimulated a huge manufacturing boom related to electric … [continued]

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Inflation Reduction Act To Give U.S. Solar Energy Industry A Much Needed Boost

Credit to Author: Zachary Shahan| Date: Sun, 04 Sep 2022 16:17:23 +0000

The U.S. solar energy industry has grown tremendously in the past decade. That growth has actually been one of the most phenomenal economic growth stories across the whole U.S. economy. However, the “Covid Era” hit solar hard, and it has struggled to get back on the trajectory it was on. U.S. Solar Energy Growth Has […]

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Extending U.S. Investment Tax Credits Through 2050 Increases U.S. Solar Generation By 10%

Credit to Author: U.S. Energy Information Administration| Date: Thu, 28 Jul 2022 20:50:52 +0000

Extending investment tax credits (ITC) and production tax credits (PTC) through 2050 for renewable electricity generation increases annual U.S. solar generation by 10%, according to our alternative policy analysis, Annual Energy Outlook 2022: Extended and Sunset Tax Credit Cases. Long-term availability of federal tax credits provides an incentive for more small-scale distributed generation in homes and commercial buildings as well as […]

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