investment tax credit

A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.

The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).

The solar investment tax credit (ITC) has survived a major round of tax reform in the US but demand for credits generally could fall.

New analysis from Deutsche Bank reveals that even if President-elect Trump follows through with all his anti-clean energy promises surrounding the Clean Power Plan, the Paris Agreement and the ITC, all is not lost for the US clean energy industry.

The Clean Power Plan has been killed by Republicans and is now pronounced dead, a group of finance experts have said, who also agree the ITC extension could be next.

Tax equity has been hailed the ‘biggest hold back for the market so far’ according to Sunnova CEO John Berger, and other finance experts.

The solar investment tax credit (ITC) is set to be extended beyond 2022 with the current 30% level remaining until 2019.

An extension to the US solar investment tax credit (ITC) is back in play, according to a research note issued by Credit Suisse.

The road will be “bumpy”, but solar in the US will continue outstripping predictions by traditional energy forecasters, reaching its next order of magnitude increase in installed capacity by 2030, according to an analyst at GTM Research.