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.
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.
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.
Cecilia Keating concludes PV Tech’s end-of-year review, with a look back at Q4 2019's highlights, where bifacial modules narrowly missed being added to President Trump's broader suite of solar tariffs, free-market solar swept Europe, the world's climate priorities were put under the microscope at COP25, and sub-Saharan Africa wrestled with major energy crises.