Solar Power World’s Post

Every business has the opportunity to invest in key energy upgrades that will pay off in the future. Live Stor, a full service cold storage facility in North Sydney, made a series of changes through the Business Energy Rebate Program that will lead to annual energy bill savings of over $90,000. Learn more about EfficiencyOne's impact and what our programs can do for you in the 2023 Annual Report https://ow.ly/YQ3m50RvNNj

The Concept Paper sumbission window for the 48C tax credit for Qualifying Advanced Energy Projects is open until June 21st at 5:00 PM Eastern. We've recently learned how competitive this tax credit truly is. Last year, in Round 1, over $13.5 billion was requested by applicants, which is significantly greater than the $4 billion in available funds. This time around, applicants who did not receive an award in Round 1 are encouraged to re-apply for Round 2. The IRS has released some very helpful guidance, FAQs, and even a document detailing common pitfalls and themes from Round 1 applications to help applicants prepare well-supported and persuasive Round 2 submissions. Understandably, this round is going to be highly competitive. If you're looking to apply for this credit, I would suggest doing so with the assistance of a tax professional who can assist with the application process.

This month, the U.S. Department of Treasury, Internal Revenue Service, and Department of Energy opened the 2024 Low-Income Communities Bonus Credit Program application portal and the 48C Portal for a new round of the Qualified Advanced Energy Project Credit Program. The Low-Income Communities Bonus Credit Program enhances the energy investment credit by 10% or 20% for qualifying solar and wind projects. The Qualified Advanced Energy Project Credit Program will distribute up to $6 Billion in tax credits for clean energy projects. The application period for these programs closes towards the end of June. Read this week’s tax news to learn more. #cleanenergy #taxcredits #cleanenergytaxcredits

With now the IRS now extending its free file program up to now 2029, this will be a game changer especially now making it up to taxpayers who make $79,000 or less. Besides the other partnerships that work with the IRS, I wonder if more companies will jump ship or add incentives to denture taxpayers elsewhere?

Have you seen New Buildings Institute's Electric Vehicle Supply Equipment, Energy Storage and Solar Permitting and Inspection Guidelines? These guidelines outline code requirements for installing electric vehicle supply equipment and energy storage systems in different types of buildings. They can be adopted as-is, used as a reference, or adapted to incorporate specific local requirements. Local jurisdictions can use these guidelines to help streamline the permitting process and ensure safe and code-compliant installation of these systems.  Check out the guides! https://hubs.li/Q02FJDx20

The fourth semester of the Energy Solutions Forum welcomed Jon Wellinghoff, the former chair of the Federal Energy Regulatory Commission and Nevada’s first Advocate for Customers of Public Utilities. Today, Wellinghoff is the Chief Executive Officer of GridPolicy, Inc., a consulting firm focused on energy policy and electric grid operations. Wellinghoff’s talk centered on grid-enhancing technologies (GETs) to improve electricity delivery to users. https://bit.ly/3Y0zJot

Did you know your business can cover up to 100% of your solar costs?! Incentives included in the Inflation Reduction Act (IRA) allow businesses of all sizes and industries to access historical savings, including the Rural Energy for America Program. When you combine this with existing state and federal incentives, your business can cover up to 100% of the cost of going solar. Now is the ideal time to start the process ahead of the upcoming September deadline! ⚡ Learn more about this program by watching our on-demand webinar at the link below! https://hubs.li/Q02FVTWj0

Day 3/13 AM24 Conference Countdown: For over a quarter century, many state public utility commissions and legislatures have established retail customer choice programs for commercial, industrial and residential consumers of natural gas and electricity. With growing interest in providing renewable energy and related services both on the part of competitive suppliers and incumbent utilities, our panel of experts looks at the current state of the competitive marketplace. https://lnkd.in/dXnbCSHp

As more homeowners consider switching to solar power, one question arises: Do solar companies really need your utility bill to assess your savings potential? Discover the answers and learn how to maximize your investment in solar! Read more: https://wix.to/ieZNtJ9

Have you seen New Buildings Institute's Electric Vehicle Supply Equipment, Energy Storage and Solar Permitting and Inspection Guidelines? These guidelines outline code requirements for installing electric vehicle supply equipment and energy storage systems in different types of buildings. They can be adopted as-is, used as a reference, or adapted to incorporate specific local requirements. Local jurisdictions can use these guidelines to help streamline the permitting process and ensure safe and code-compliant installation of these systems.  Check out the guides! https://bit.ly/4fUrYI9