IRA

The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).

PV Talk: With most US clean energy projects located in Republican states, and their economic benefits flowing to the constituents of such states, Carl Fleming, partner at law firm McDermott Will & Emery, says the IRA tax credits for renewables should stay in place despite next year's regime change.

The US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.

Two US representatives have submitted a resolution to amend the 45X Advanced Manufacturing Production Tax Credit (PTC) in the US.

Freyr told PV Tech Premium that its acquisition of a Trina solar plant aims to build a solar and storage manufacturing space in the US.

The US Treasury has finalised its rules for the 45X Advanced Manufacturing Production Tax Credit under the Inflation Reduction Act.

In the US, advanced manufacturing technologies account for the majority of tax credit transfer deals in Q3 2024, according to Crux.

By 2040, up to 25GW of solar PV, battery storage and wind deployment could be reduced in the major power markets.

Lori Bird and Joe Hack of the World Resources Institute examine legislative and regulatory efforts to break the US transmission bottleneck.

The World Trade Organisation (WTO) has established a dispute panel to assess the compliance of IRA tax credits with WTO rules.