For years California, Texas and Florida have dominated the US solar market, but backed by the investment tax credit, strong state-specific renewables standards and falling costs, new states are coming to the fore. Molly Lempriere takes a look at what is driving them, and the hurdles they face if they are to challenge the ‘Big Three’.
The US renewables sector has welcomed the House of Representatives’ approval of a budget resolution that provides the framework for a US$3.5 trillion spending package.
The US’ transition to a carbon pollution-free power sector could see solar provide more than 40% of the country’s electricity by 2035, up from the current 3% level, according to a memo from the Department of Energy (DOE).
An amendment added to the US budget resolution bill this week seeks to prevent renewables projects using technology built in China from claiming federal funds and subsidies. Liam Stoker explores the amendment’s potential to disrupt solar deployment.
The US Senate has passed the landmark bipartisan infrastructure bill, paving the way for US$1.2 trillion of investment into the nation’s infrastructure.
Legislation that would increase and extend the US’ residential solar investment tax credit has secured the backing of a host of solar companies and non-profits.
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
The US Internal Revenue Service (IRS) has extended the safe harbour period for solar projects under the investment tax credit (ITC), providing support for projects that have been disrupted by the pandemic.
More than 100 organisations representing a variety of clean energy industries have written to the Biden administration urging it to enact a ten-year extension of the Investment Tax Credit
The confidence of renewable energy investors and developers stands at an “all-time high”, a new report by the American Council on Renewable Energy (ACORE) claims, however investment must surge in the coming years if the US is to meet decarbonisation goals.
