investment tax credit

A letter co-signed by more than 750 US organisations has called on US Congress to push through policies to significantly ramp up renewables deployment in the country.

The US renewables sector has welcomed the House of Representatives’ approval of a budget resolution that provides the framework for a US$3.5 trillion spending package.

The US’ transition to a carbon pollution-free power sector could see solar provide more than 40% of the country’s electricity by 2035, up from the current 3% level, according to a memo from the Department of Energy (DOE).

An amendment added to the US budget resolution bill this week seeks to prevent renewables projects using technology built in China from claiming federal funds and subsidies. Liam Stoker explores the amendment’s potential to disrupt solar deployment.

The US Senate has passed the landmark bipartisan infrastructure bill, paving the way for US$1.2 trillion of investment into the nation’s infrastructure.

Legislation that would increase and extend the US’ residential solar investment tax credit has secured the backing of a host of solar companies and non-profits.

More than 140 business leaders have urged the US Congress to pass President Joe Biden’s bipartisan infrastructure bill, telling lawmakers that the bill is “desperately needed” to renew the nation’s infrastructure

The confidence of renewable energy investors and developers stands at an “all-time high”, a new report by the American Council on Renewable Energy (ACORE) claims, however investment must surge in the coming years if the US is to meet decarbonisation goals.

The US Department of the Treasury has revealed how new renewable tax incentives will be paid for by a tax raid on the fossil fuel industry, eliminating subsidies for oil and gas companies.

US solar smashes quarterly deployment record as 8GWdc installed in Q4 2020.