investment tax credit

Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.

President Joe Biden believes he can win support for the energy and environmental initiatives included in his Build Back Better (BBB) Act, saying he is confident of getting “big chunks” of the US$1.75 billion legislation signed into law.

US President Joe Biden’s Build Back Better Act, which contains a plethora of policy mechanisms in support of solar and energy storage, would appear to still be at a deadlock after Democrat Senator Joe Manchin said there were “no negotiations going on”.

As 2021 draws to a close, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and hottest trends of the last 12 months. In today’s review we look back on the industry’s third quarter, which saw an escalation of trade disputes between China and the US.

The US solar sector is set to post record deployment figures this year, but ongoing supply chain constraints, logistical challenges and price increases are expected to dent additions in 2022, a new report has said.

The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate where negotiations will continue over the legislation that includes clean energy and climate investments totalling US$555 billion.

A proposed extension of the US solar investment tax credit (ITC) could increase PV deployment by more than 40% over the next decade, analysis by Wood Mackenzie has found.

US clean energy and climate change measures would receive US$555 billion of investments under a proposed economic framework unveiled by President Joe Biden yesterday (28 October).

Europe's energy crisis can be a boon for renewables deployment on the continent by bolstering business cases, but familiar foes such as grid constraints will still need to be hurdled in the coming years.

The US House Energy and Commerce Committee has included a US$150 billion Clean Energy Performance Programme (CEPP) as part of its US$3.5 trillion budget reconciliation package that would see power companies penalised or supported for the amount of renewable energy they produce.