SolBid: Clean Energy News

IRS Releases New Guidance on ITC


Since 2006, the market for solar has been driven by government subsidies, most significantly by the solar Investment Tax Credit (ITC). The ITC is a 30% tax credit for solar systems on residential and commercial properties – the credit can be applied to personal income taxes. Since the ITC's enactment, the solar industry has grown by over 10,000%, hundreds of thousands of jobs have been created, and billions of dollars have been invested in the U.S. economy in the process. In 2015, the ITC was extended for a few additional years under the basis that it provides critical stability for businesses and investors.

Rooftop Solar is a Smart Investment for Shopping Malls

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Savvy companies across the US are increasingly moving towards solar energy because it’s cost effective and good for the environment. While investing in solar is a smart investment for any commercial building, it could be the single best investment that a shopping mall owner will ever make, especially with the latest consumer trends favoring online shopping. It is known that, as more and more shoppers go digital, sales at physical stores are declining and many big retail chains have been closing their department stores. As shopping mall landlords are scrambling to figure out ways to keep business flowing, now is the time to switch solar, and here is why.

The Effects of Pollution on PV Generation


While solar power is a clean form of energy, pollution from unclean sources has a drastic impact on this renewable energy source. Data collected in Singapore, Delhi, India, and China have confirmed that the pollution levels in these areas have significant reductions in solar panel output. The air pollution in these countries is caused by emissions from industries and motor vehicles that creates a cloud-like haze. Coal emissions, especially in China, are also affecting the air quality.

Exciting News for Solar Cell Optimization



In the energy sector, economic factors drive decision-making, therefore, researchers are continually looking for ways to make solar cells more durable and more efficient at converting sunlight into electricity. Silicon solar cells currently dominate the market, but have well-documented efficiency limitations. "Each photon of light can only knock loose a single electron, even if that photon carried twice the energy needed to do so" (MIT). Now, a group of researchers from MIT and Princeton University have demonstrated a method for getting high-energy photons striking silicon to kick out two electrons instead of one, opening the door for a new kind of solar cell with greater efficiency. 

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