Power purchase agreements (PPA), including fixed and variable PPAs, are utilized to fund energy projects with no out-of-pocket expenses. This type of project financing makes energy projects more affordable and feasible for businesses of all sizes. This agreement traditionally involves three parties: developer, investor and host customer. The developer is responsible for the designing and …
The Inflation Reduction Act (IRA) passed last summer included direct pay program incentives for a variety of organizations, including tax exempt organizations. Prior to this updated legislation, nonprofit organizations often had to partner with developers or banks through power purchase agreements (PPA). While PPAs are still available and can benefit organizations by offering no out-of-pocket …
How the Solar ITC Direct Pay Program Benefits Tax Exempt Organizations Read More »
The Inflation Reduction Act (IRA) was signed into law by President Biden in August of 2022, extending the investment tax credit (ITC) for clean energy. In this sweeping legislation, a range of incentives and tax credits aimed toward accelerating the production of emissions-free energy are present. Specifically, the IRA extends the investment tax credit to …
What the Investment Tax Credit Extension to Energy Storage Means for the Industry Read More »
As the solar industry has grown in recent years, the term “solar developer” has grown in prominence. A solar developer, or project developer, is a company that guides a solar farm from an idea to reality (specifically, the point when it’s ready for construction). Developers can range in scale from a few employees to thousands. …
In the continuing governmental trend toward the energy transition, congress passed the Inflation Reduction Action (IRA), legislation to combat climate change and strengthen domestic renewable energy technologies. President Biden recently signed this legislation on August 16. The IRA is a significant victory for the climate and renewable energy technologies, including tax credits for advanced manufacturing …
How the Inflation Reduction Act Impacts Renewable Energy Read More »
The federal solar tax credit is a significant incentive to switch energy technologies to solar. The legislation was enacted in 2005, and in 2019 was updated with gradually decreasing credits over a scheduled amount of time, known as a “sunsetting tax credit”. In 2023, the credit will drop from 26% of the total solar system …
As summer temperatures have continued to rise with a record-breaking heat wave rolling through the nation, the U.S. feared another Texas power grid failure. Luckily, Texas’s independent energy grid remained afloat with multiple adjustments involving renewable and energy efficiency production and practices. Many Texans increased their thermostat temperatures to help save power. Additionally, the Electric …
Texas Power Grid Failure Offset by Renewable Energy Read More »
On Monday, June 6, the Biden Administration announced a two-year pause on new solar tariffs for the solar industry amidst a rise in demand for energy. With United States solar developers dependent on imported solar panels and parts, this shift will positively impact domestic developers while negatively impacting domestic manufacturing. Why was the solar tariff …
Solar warehouses are simply warehouses that utilizes solar technology as power supply. Typically, these warehouses will allocate a significant portion of their roof space for rooftop solar arrays. Solar-powered warehouses have become increasingly popular across the nation. States like New Jersey have even passed laws requiring all new warehouses built to install solar technology. Whether …
The answer to the question of how much solar canopies cost is important to consider before installation in order to ensure that they are a viable solution for your company and facility. Solar canopies are a technology that provide an ideal alternative energy solution for facilities with limited roof or ground space and companies looking …
