In clinching control of the Senate, the Biden administration can now unleash green policies unobstructed. Liam Stoker looks at what the solar industry has requested, what’s been delivered and what may still prove a stretch too far
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.
New solar capacity installations in the US are expected to rise 43% this year as the industry recovers from the worst impacts of the COVID-19 pandemic, according to a new study by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
Deploying at least 247GW of rooftop and community solar and 160GW of local energy storage is the most cost-effective way for the US to transition to a clean energy system by 2050, a new report has found.
The importance of the extension of the federal Investment Tax Credit (ITC), the removal of import tariffs and increased federal procurement were front and centre in the Solar Energies Industries Association’s (SEIA) wish list for the incoming Biden-Harris administration.
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.