Solar Builder Magazine’s Post

The Department of Treasury and IRS are releasing guidelines for renewable energy projects under the Inflation Reduction Act. Notice 2024-08926, set to appear in the Federal Register on April 30, outlines key details on transferring clean energy credits. Learn more in our most recent article: https://lnkd.in/ebF_WxSt

The Department of Treasury and IRS are releasing guidelines for renewable energy projects under the Inflation Reduction Act. Notice 2024-08926, set to appear in the Federal Register on April 30, outlines key details on transferring clean energy credits. Learn more in our most recent article: https://lnkd.in/ebF_WxSt #renewableenergy #energycredits #renewableenergyprojects #IRA22 #cleanenergycredits

Advanced Power Fortifies Clean Energy Commitment with Renewables Tax Credit and Expansive U.S. Pipeline, Featuring Battery Storage Projects - https://lnkd.in/dqw3Vr8p Average reading time for this story is 1 minutesIn a significant move towards fostering a sustainable energy future, Advanced Power has announced its latest investment in renewable energy investment tax credits (ITC). This strategic investment is fueled by the company’s dedication to advancing clean and reliable energy solutions and aligns with its vision for a sustainable future. CEO Tom Spang expressed the company’s commitment, stating, “Advancing a sustainable energy future drives our actions. We are pleased to close this latest transaction, which supports our vision of a clean, reliable energy future.”  The purchase of renewable energy investment tax credits by […] #advancedpower #batterystorage #batterystorageprojects #energystorage #northamerica #renewableenergy #usa #energystorage #batteries #battery #cleanenergy #alternativeenergy #cleantech

Thanks to Solar Energy Industries Association, National Renewable Energy Laboratory's employees and all US Solar leaders who are working hard to pass this important legislation. SEIA and US solar leaders call on Congress to ‘support legislation’ to ease solar permitting and transmission https://lnkd.in/gZh58iMh

The new EU electricity market design reform has been negotiated and adopted by the European Parliament, Member States, and Commission and is due for publication in the Official Journal of the EU – officially becoming EU law in the coming weeks. What does this mean for power purchase agreements and will the reform unlock new investments in renewable wind and solar energy?

Last month, the Michigan Senate passed a comprehensive clean energy legislative package that signals a significant shift in Michigan’s approach to energy production and environmental stewardship.    The heart of this climate package, Dubbed the Clean Energy Future Plan and expected to be signed into law by Governor Whitmer, is its ambitious goal: Michigan is mandated to generate all its electricity from renewable sources like wind and solar by 2040.    Specifically, Michigan utilities will be required to acquire 15 percent of electricity from renewable energy sources through 2029, and then increase the amount of electricity from renewables to 50 percent by 2030, 60 percent by 2035, and 100 percent by 2040.   The legislation also introduces stricter energy efficiency requirements for electric utilities. It expands public participation by allowing more residents to engage in rooftop solar energy programs.    It streamlines the permitting process for new wind and solar power installations—shifting the power to approve projects from local governments to state regulators—a measure that has generated significant controversy and opposition.   In a new post on the Dalton & Tomich website, I address the ins and outs of the new legislation, with particular emphasis on the shift from local to state control over large-scale renewable projects, and discuss its implications for property owners and renewable energy developers.

Oregon has become a beacon for renewable energy initiatives, with solar energy taking center stage, however will it get no Clean Energy Rebates util mid-2024? The answer and more is in our blog here: #Oregon #OregonSolar #RenewableEnergy https://lnkd.in/gpSC99yS

Commercial Solar Bottom Line The Canadian government’s commitment to promoting renewable energy sources creates business income tax incentives for companies to invest in clean energy generation. The accelerated capital cost allowance (CCA) for renewable energy systems provides significant tax savings for eligible properties. They include solar panels and wind energy conversion systems. Businesses can benefit from these incentives by generating electrical energy using renewable energy sources and reducing greenhouse gas emissions. Natural Resources Canada also has programs to help companies conserve energy and reduce costs. With the support of income tax regulations and natural resources programs, the transition to renewable energy is an environmentally responsible choice and financially beneficial for Canadian businesses.

Battery Energy Storage is coming to a community near you! Learn more about considerations in siting BESS projects including local planning laws and special tax incentives in my article with Megan La Tronica in Renewable Energy World.

Reminder to register for tomorrow's webinar on Renewable Energy Tax Credits: An Accountant's Guide to Navigating ITCs & PTCs with Barry Devine, MBA and Randy Crabtree #CPA #CPE #renewableenergy Tri-Merit https://lnkd.in/eu7-yGby