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.
‘Solar Module Super League’ member First Solar has aimed to double down on manufacturing with the sale of its O&M division, having kickstarted discussions around the future of its EPC business.
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.
Additions have been made to support action on climate change through federal tax incentives in the proposed Congress bill to invest US$1.5 trillion in infrastructure across the US.
Former presidential hopefuls join dozens of House and Senate Democrats as they urge for ‘robust clean energy recovery plan’, starting with extension of clean energy tax incentives.
Judge’s upholding of bifacial exemption from import tariffs combines with one-year extension of safe-harbor deadlines in week of brighter news for industry battered by job losses.
Department shares plans to ‘modify the relevant rules in the near future’ but adds scant detail in laconic response to bipartisan senator coalition, who had requested one-year extension.
On 1 January this year, the solar investment tax credit, responsible for fuelling the rapid growth of the US market, began its decline. Cecilia Keating assesses what impact it will have.
The Solar Energy Industries Association (SEIA) has warned that support is needed for approximately 250,000 people that directly work in the US solar industry as COVID-19 could impact as much as 50% of the sector.
