Tag: policy
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Maine offers $3 million incentive for commercial energy storage
Some state incentive programs for commercial energy storage may seem at times to lack enough financial reward to encourage adoption of new capacity, but a new program from Efficiency Maine puts the numbers upfront with potential savings of up to $3 million per participant over five years. The quasi-state organization is offering the incentives within……
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Illinois rooftop solar installs thriving in ComEd territory
The future of solar energy is bright in northern Illinois as ComEd today announced that more than 51,000 Distributed Energy Resources (DER) have been connected to its smart electric grid as of September, including more than 49,000 residential rooftop solar systems and related energy storage facilities. This is a substantial increase from 837 rooftop solar……
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IRA solar tax credit transfers explained for companies with low (or no) tax liability
This explainer was contributed by Laura Jones and Jason R. Eisenberg with Hunton Andrews Kurth LLP in Richmond, Va. The Inflation Reduction Act (IRA) significantly altered the landscape for the transferability of energy tax credits. The IRA added Section 6418 to the Internal Revenue Code, which permits eligible taxpayers (transferors) to transfer (sell) certain renewable……
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Multifamily solar projects in Connecticut benefit from definition update
Thanks to a tweak in the definition of a “residential customer” as it relates to solar energy generation (via Public Act No. 21-48), residents of multifamily properties in Connecticut can now benefit more from solar energy. Connecticut Green Bank alerted us to this news and noted that it plans to expand its Solar Marketplace Assistance……
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Haven Energy launches virtual power plant in California for any home battery owner
Virtual power plants (VPPs) are hugely important for California’s grid — and can be super valuable for home solar + storage customers — in the wake of NEM 3.0 rate changes. Problem is, many people still have no idea what the heck a VPP is, or how to enroll. In July 2023, Haven Energy commissioned……