Tax Credit News. Last week was a big week for clean energy incentives with two separate events. First, a bill was filed to add energy storage to the ITC eligibility on a standalone basis. This has been a long requested change in definition by the solar industry. More importantly, over 100 member of the house democratic caucus signed a letter to Chairman Neal asking for amongst other things for an extension of the ITC.
Be Real. With Democrats in charge of the House, any spending bill would need the votes of the House and now a large faction is stating their ask. The clean energy industries also came out in support of the letter. Nothing will happen immediately but keep this in mind as we get into spending season after recess. This type of omnibus spending bill is what got the last ITC extension to become reality.
Replacing Power Plants. Los Angeles is looking to find their way into a renewable future and while LADWP and local politics make it complicate, I give major kudos to Sunrun for offering another plan forward. 75,000 homes with solar and backup power would double the residential solar in LA and offset one of the power plants. To change the status quo barriers to be broken and the technical envelope needs to pushed which means that the keepers of the status quo need as much input as possible to show them what is doable. As of late, Sunrun has been doing a lot of glass shattering with their capacity auction win in ISO-NE with the help of National Grid Ventures, pay equity and their impact report. This helps everyone in the residential market, myself included, as the market is a rising tide floats all boats environment.
Fixing C&I Credit. Check out the new concept for credit security in the C&I market. This was one of the SunShot award winners a few years ago that I found rather interesting, especially if they can commercialize and scale.
- Utility Dive: House Democrats roll out energy storage tax credit while pushing broader clean energy incentives
- New York Times: L.A. could replace traditional power plants with home solar, experts say
- Greentech Media: Energetic Unveils ‘Game-Changing’ Insurance Policy for Commercial Solar Market
- Axios: The next mammoth industry to get an electric vehicles shakeup – utilities
- New Haven Register: As key solar perk hits sunset, CT grapples with net metering
- CleanTechnica: Comparing Electric Vehicles On “Price Per Range Mile” — You Know Who Wins
- PV-Tech: China to back-up Jinko and LONGi in Hanwha Q CELLS US ITC patent case
- Think Progress: Wheeler pledges help for Miami’s water woes but ignores climate change
Opinion
Have a great day!
Yann