Tag Archives: Investment Tax Credit (ITC)

Top Senate Democrat calls for permanent renewable energy, storage, EV tax credits

By Christian Roselund, PV Magazine

Last Thursday, Senator Chuck Schumer (D-NY), the Democratic Leader in the Senate, sent a letter to President Trump demanding that any infrastructure package taken up in 2019 include “policies and funding to transition to a clean energy economy and mitigate the risks that the United States is already facing due to climate change.”

And in a list of policies that Schumer says should be included, the top item is “permanent tax incentives for domestic production of clean electricity and storage, energy efficient homes and commercial buildings, electric vehicles, and modernizing the electric grid.” In concrete terms, this could mean an extension of the Investment Tax Credit (ITC) for solar and energy storage, the Production Tax Credit (PTC) for wind and the federal electric vehicle (EV) tax credit. Read more here.

Photo Credit: Wikimedia Commons

ENERGY STORAGE ITC: AWEA NEWS RELEASE

Yesterday a coalition of more than 150 companies and energy groups issued a letter to Congressional leadership asking for a stand-alone storage Investment Tax Credit (ITC). The Energy Storage Tax Incentive and Deployment Act would ensure a level playing field for energy storage to compete with all other energy resources currently eligible for the ITC.

The American Wind Energy Association (AWEA) signed onto the letter and issued the following statement in support:

“Energy storage technology will play an important role as we build an even more affordable and reliable electricity grid for the 21st Century,” said Tom Kiernan, CEO of AWEA. “We’re asking Congress to reduce uncertainty for investors by creating a stand-alone energy storage ITC for which all storage technologies can qualify. A level playing field for the full range of storage technologies will ensure consumers benefit from competition and will boost job-creating investment in infrastructure projects, including new opportunities for wind farm development.”
Read the entire news release here.

Coalition for Community Solar Access Launches Online Portal for Community Solar Jobs

News Release 


The Coalition for Community Solar Access, a national coalition of businesses and non-profits working to expand community solar, has launched a new Community Solar Job Portal. The portal features a wide variety of job openings from companies across the country and provides job seekers a single destination to find job opportunities in the fastest growing sector within the solar industry.

“Community solar is a high growth industry with lots of opportunity,” said CCSA Executive Director Jeffrey Cramer. “As the industry unlocks more gigawatts of community solar capacity in more states, companies are increasingly looking to hire smart, talented, and motivated people. We built this job portal to help companies find talent and to serve as a resource for those interested in landing a career in a fast-growing sector that positively impacts the community.”
Read more here.

ALSO IN THE NEWS

FEATURED SOLAR ENERGY INDUSTRY NEWS

What Changed In The Solar Energy Industry In September & October?

Also by CleanTechnica: What Changed In The EV Industry In September & October?

IRS Issues Favorable Tax Credit Guidance for New Solar Projects

By Julia Pyper, Greentech Media

The new guidance provides two methods for determining a “commence construction” date.

The Internal Revenue Service released a new guidance Friday that establishes when the construction of a solar facility starts to qualify for the solar Investment Tax Credit. The guidance, Notice 2018-59, provides two methods for determining the “commence-construction” date: 1) starting physical work of a significant nature or 2) meeting the “5 percent safe harbor test” by incurring 5 percent or more of the total cost of the facility in the year that construction begins. Both residential and commercial solar projects may qualify for the full 30 percent Investment Tax Credit (ITC) through 2019, as long as the project is placed into service before 2024. A prior ruling required completion in the same year. Continue reading here

RELATED READING

The Solar Foundation Releases the Solar Jobs Census 2017

Each year, The Solar Foundation releases its National Solar Jobs Census, a report that tracks employment in the U.S. solar industry. It is the most comprehensive analysis of the solar labor market in the United States, and is a critical resource in educating policymakers and the general public about the economic impact of solar energy.

In 2017, the census reported its first decline in solar jobs since its inception 8 years ago. As of November 2017, the solar industry employs 250,271 workers in the United States, a 3.8% decline over 2016. This decrease is largely due to a record year of installations in 2016 on the heels of the extension of the federal Investment Tax Credit (ITC), as well as delays and postponed projects due to uncertainty around the newly appointed Section 201 tariffs.

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