Princeton: Solar deployment to increase fivefold under Inflation Reduction Act

By Ryan Kennedy, PV Magazine

Princeton University released a Rapid Energy Policy Evaluation and Analysis Toolkit (REPEAT) in collaboration with Dartmouth College, Evolved Energy Research, and Carbon Impact Consulting, outlining the potential impact of the bill should it become law.

The impact on the US solar industry would be huge, to say the least. Princeton said solar deployment may accelerate from 2020 rates of 10 GW of capacity added per year to nearly five times as much by 2024, adding 49 GW of utility-scale solar each year. Solar deployment may be well over 100 GW per year by 2030, said Princeton. Read more here.

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Public Power Would Gain Access to Direct Payment of Tax Credits under Energy, Climate Deal, American Public Power Association
Public power utilities, rural electric cooperatives, the Tennessee Valley Authority, state and local governments, and other tax-exempt entities would have access to refundable direct payment tax credits under an energy and climate agreement announced on July 27.

Previously Posted APPA Issue Brief: The Need for Direct Payment of Refundable Tax Credits for Public Power

Inflation Reduction Act Of 2022

Legislative Text

Summaries

 Source: Senate Democrats Website