In an effort to open investment and financial innovation – and to focus that capability on historically underserved sectors of the solar economy – the Solar Energy Industries Association (SEIA) today launched the SEIA Finance Initiative.
Finance and Tax
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Saying it will provide a big boost to the U.S. economy, while also helping to fight pollution and climate change, the Solar Energy Industries Association (SEIA) announced its support today for legislation by Rep. Mike Thompson (CA-5) to extend the Investment Tax Credit (ITC) for both residential and commercial solar installations.
Federal tax policies have been an important driver for solar’s recent remarkable growth, but without action during the 114th Congress, the 30-percent investment tax credit (ITC) for solar and other clean energy technologies will expire at the end of 2016. This policy brief estimates the impacts that current law would have on the solar industry.
This policy brief estimates the impacts that current law would have on the solar industry. It also formulates several policy alternatives and estimates their effectiveness at mitigating the negative impacts of the investment tax credit cliff embedded within current law.
As distributed generation continues its rapid expansion, these new resources will have an increasingly larger role.
Residential solar's diffusion across the U.S. power grid is inspiring concern in the utility industry. Of particular debate have been net energy metering policies (NEM), which engender revenue losses and lead to cross-subsidization of solar customers by non-solar customers. An emerging alternative to NEM is the value of solar tariff (VOST), which is designed to pay residential solar generation based on a more nuanced benefit-cost analysis to determine the actual value of residential solar to utility operations.
With significant variance in estimates of cost and price within the solar market, DOE's Sunshot Initiative with scientists from National Renewable Energy Laboratory (NREL) and Lawrence Berkley National Labs, have released their report that seeks
Utilities have taken on the practice of applying standby and fixed cost charges specific to solar PV for customers choosing to go solar as a means to recover costs resulting from net energy metering (NEM).
While PV modules and other hardware costs have dropped significantly over recent years, non-hardware soft costs have also fallen, but not nearly as sharply.
On August 12, 2014, SEIA filed comments in response to the IRS Notice of Proposed Rulemaking regarding the definition of real property for the purposes of real estate investment trusts (REITs).