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 renewables industry must double down on efforts to overcome energy storage financing issues so the technology can help supplement the country’s PV ramp up, it was suggested at a Solar & Storage Finance USA event.
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.
The Australian state of Victoria has doubled down on its rooftop solar and home battery subsidy programme as part of a drive to help households cover the cost of their power bills while making properties more energy efficient.
Interest-free loans for rooftop solar and the development of at least 250MW of large-scale battery storage are among the policies put forward in a new power-sharing agreement for the Australian Capital Territory.
Smoke from wildfires in California caused solar-powered generation in the state to nosedive last month as airborne particles blocked out sunlight, according to the US Energy Information Administration (EIA).