SolBid: Clean Energy News

IRS Releases New Guidance on ITC


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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.

New Advancements in Storage Technologies for Solar


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While solar energy has undoubtedly expanded over the past decade, we will not be able to become fully reliant on it until there is a breakthrough in storage technology. We need to be able to efficiently and safely story large amounts of power, as well as be able to quickly charge batteries, in order to be able to fully rely on solar power. The ability to store immense amounts of solar energy is key in order for this energy to then be able to be distributed across the grid to meet given demand.

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