BREAKING: Big Solar Tax Credit
President Biden signed the Inflation Reduction Act into law on Tuesday, August 16, 2022. One of the many things this act accomplishes is the expansion of the Federal Tax Credit for Solar Photovoltaics, also known as the Investment Tax Credit (ITC). This credit can be claimed on federal income taxes for a percentage of … continue reading.
HOMEOWNERS GUIDE TO THE FEDERAL TAX CREDIT FOR SOLAR PHOTOVOLTAICS
What is a tax credit?
A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000. The federal tax credit is sometimes referred to as an Investment Tax Credit, or ITC, though is different from the … continue reading.
SOLAR ENERGY IN THE UNITED STATES
Solar power is more affordable, accessible, and prevalent in the United States than ever before. From just 0.34 GW in 2008, U.S. solar power capacity has grown to an estimated 97.2 gigawatts (GW) today. This is enough to power the equivalent of 18 million average American homes. Today, over 3% of U.S. electricity comes from … continue reading.
Download the Solar Futures Study fact sheet click here.
The Solar Futures Study explores potential pathways for solar energy to drive deep decarbonization of the U.S. electric grid by 2035, and envisions how further electrification could decarbonize the broader U.S. energy system by 2050. The study was produced by the U.S. Department of Energy Solar Energy Technologies Office and the National Renewable Energy Laboratory (NREL). The study draws on NREL’s decades of solar analysis expertise and was reviewed by … continue reading.
DATA: RENEWABLE & ALTERNATIVE FUELS
Statistics on renewable energy consumption by source type, electric capacity and electricity generation from renewable sources, biomass and alternative fuels … continue reading.
Renewable energy production and consumption by source click here.
Renewable energy production and total energy production by state click here.
Watch – Solar Energy Basics : Primary Energy Sources.
Watch – Solar Energy Basics: Transformation of Energy
Watch – Solar Energy Basics: Solar Energy 101
Watch – How solar panels convert light into electricity