2020 was a year that disrupted industries across the global economy, and the energy sector was no exception. The COVID-19 pandemic caused dramatic shifts in the energy sector, from sharply decreased oil demand to drastic increases in residential energy usage, as people stayed home with limited travel for both work and leisure.
Investment tax credit
While renewable energy advocates should still hold their breath a bit longer, the future looks bright for the industry as the House of Representatives managed to fit an extension to the federal ITC inside the most recent coronavirus relief & omnibus spending bill introduced on 12/20/20.
After receiving a record number of votes and a substantial majority in the electoral college, former Vice President Joe Biden is now President-Elect Biden. The seasoned politician will be met with a divided Senate, the tie-breaker vote to be determined by Georgia’s dual runoff elections in January…
The transition to renewable energy has often been driven by government entities and electrical utilities due to their direct influence over energy policy and their direct access to electricity distribution.
With environmental impact becoming a growing concern among many constituents, cities across the U.S. are looking for ways to reduce…
On October 19, 2018, the U.S. Treasury Department proposed legislation that could have a massive impact on solar investment in the United States. The bill established a tax incentive program framework that targets areas of economic distress...
The solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the deployment of…
Last month, the long winded debate regarding the Investment Tax Credit (ITC) step-down was put to rest. Under the revised…
31 Jul: Understanding the US Solar Investment Tax Credit and its Impact on Solar Financing Solutions
The Investment Tax Credit (ITC) is a 30 percent tax credit for solar systems on residential and commercial properties that…
As the solar industry gains momentum, it’s quickly becoming one of the most promising up-and-coming markets nationwide. According to a…