Solar Power World
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New Maryland solar grant program offers up to $7,500 for eligible households
The Maryland Energy Administration today announced the launch of an important new program to provide major incentives for income-eligible Maryland households to install solar panels. Contained in the Brighter Tomorrow Act of 2024 recently signed by Governor Wes Moore, the new Maryland Solar Access program will boost solar development in the state and make it…
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Schneider Electric buys 45X tax credits from Silfab
Schneider Electric announced a collaboration with Crux, a sustainable finance technology company, to purchase Section 45X Advanced Manufacturing Production Tax Credits from Silfab Solar. Schneider Electric’s purchase of these tax credits generated supplemental investment funds for Silfab to accelerate its expansion plans for American manufacturing of solar energy for commercial and residential utilization. “We are…
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Community solar legislation awaits governor’s signature in Alaska
Senate Bill 152, “Saving Alaskans Money with Voluntary Community Energy,” has passed the Alaska State Legislature and now awaits Governor Dunleavy’s signature to become law. SB 152 will allow Alaskans to subscribe to community-owned solar arrays not located on their home or property, opening up clean energy access for the first time to the more…
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Latest NC Clean Energy report finds utilities concerned about load growth
The NC Clean Energy Technology Center (NCCETC) released its Q1 2024 edition of the 50 States of Power Decarbonization. The quarterly series provides updates on state and utility actions pertaining to clean energy targets, emission reduction targets and carbon policies, generation planning and procurement rules, integrated resource plans and electric generation capacity changes (RFPs, green…
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More details on IRA domestic content bonus revealed today by Treasury, IRS
Today the Dept. of the Treasury has released long-awaited further guidance concerning the domestic content bonus within the Inflation Reduction Act. Solar developers and installers that source iron and steel products and certain manufactured products from domestic producers can receive up to a 10% bonus to the investment tax credit (ITC) or production tax credit…
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