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May 24, 2024

investment tax credit (ITC)

Solar Energy Manufacturers for America
Report Calls for More Policies to Bolster Domestic Solar Manufacturing
The U.S.' incentives for domestic solar component manufacturing are insufficient, even with the Inflation Reduction Act, the report argues.
American Clean Power Association
Can US Maintain Record Solar, Clean Power Growth?
The U.S. could nearly quadruple solar capacity in the next 10 years, according to a SEIA report, while a ACP report shows that delays on clean energy projects have put more than 60 GW of clean power capacity on hold.
Shutterstock
New England States Delay Offshore Wind Solicitations
Delaying the solicitation “is crucial to encourage the most cost-effective bids for the benefit of Massachusetts ratepayers,” the Department of Energy Resources wrote.
EMC Engineering Services
Treasury Department NOPR Seeks to Clarify IRA’s ITC Rules

The Treasury Department released guidelines for the Inflation Reduction Act’s investment tax credits for clean energy projects.

Lawrence Berkeley National Laboratory
Berkeley Lab: Utility-scale Solar Heading for Record 2023
After a down year, the Berkeley Lab sees new utility-scale solar capacity increasing more than fourfold by the mid-2030s to over 50 GW per year.
The White House
The IRA at 1: Implementing at Speed and Scale Remains Key Challenge
One year on, implementation of the IRA has not been smooth or easy, and four out of 10 registered voters say they know nothing about the law.
DOE
IRA Tax Credits Draw Clean Energy Projects to Coal Communities
Millions in new funding and bonus tax credits are heading to new clean energy projects in communities impacted by the closure of fossil fuel-based industries.
Mitsubishi Power
Mitsubishi: IRA Tax Credits Key to Clean Hydrogen
The tax credits provided by the IRA are key to the development of major clean hydrogen projects and seasonal hydrogen storage, Mitsubishi Power Americas said.
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PJM MIC Briefs: Feb. 8, 2023
PJM's MIC deferred a vote on adopting a problem statement and issue charge to discuss combined cycle modeling in the market clearing engine.
Energy Innovation
Report: IRA Makes Renewables Cheaper than Virtually All US Coal Plants
A new report found that nearly all coal plants studied “are more expensive to run than replacing their generation capacity with either new solar or wind.”

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