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.
A two-year extension of the investment tax credit (ITC) for solar systems as well as new funding for energy storage research are included in the US’ wide-reaching pandemic relief package that was approved by Congress on Monday evening.
The US renewable energy industry has applauded Joe Biden’s climate team nominations and appointments, as the President-elect says he aims to build a clean energy future for the country.
Joe Biden’s victory in November’s US election may have taken some time to certify, but there’s every chance his tenure in the White House will be worth the wait for US solar. Molly Lempriere looks at what a Biden administration will do for the industry.
Biden takes office in January, but the “whole picture changes” if the Dems can take the Senate. Liam Stoker looks at the impact a Democrat victory in the forthcoming Georgia run-offs could have.
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
Presumptive Democratic presidential nominee Joe Biden should drive the installation of half a billion solar panels in the US during his first term in office, a task force has recommended.
A bill which promises to revamp solar support frameworks and stimulate investment in grids in the US has cleared its first hurdle, passing the House of Representatives.
