Net energy metering (NEM) is a billing mechanism that allows homeowners and businesses that generate their own electricity with their solar energy system to deliver power they do not use back into the grid and receive a credit.
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Solar Energy Technologies
Solutions for Today’s Energy Needs
The extension of the Solar Investment Tax Credit (ITC) passed by Congress on December 19, 2015 will lead to sustained growth in the U.S. solar industry. By 2020, the industry will deploy more than 20 GW of solar electricity annually and employ more than 420,000 workers.
The Investment Tax Credit (ITC) is the solar industry’s most important public policy. As such, SEIA commissioned an independent analysis from Bloomberg New Energy Finance (BNEF) to analyze the impact of the ITC on the industry – and what the U.S. stands to lose if Congress lets this policy expire in 2016.
This month’s session will provide a deep dive into the New York solar market. Join SEIA’s state affairs department and special guest speakers to gain an understanding of the structure of the New York market, functions of New York’s energy agencies, and programs available to facilitate solar projects.
Many affordable housing developers are finding innovative ways to finance clean energy. Learn about recent PV and storage projects from leading affordable housing project management companies committed to solar. This SEIA webinar will showcase affordable housing PV and storage project structures and introduce PV project pipelines both near-term (2015-16) and long-term.
Section 1603 Treasury Grants were made available to solar and other renewable energy projects in lieu of tax credits by the American Recovery and Reinvestment Tax Act of 2009. In the case of solar property, the Section 1603 Grant is 30 percent of the cost basis of the qualified property. In administering the Grant Program, the Treasury Department has routinely reduced the amount of the Section 1603 Grants paid to applicants below the amounts claimed.
An increasingly popular model for solar ownership has emerged: shared solar. Through shared solar, many persons come together to jointly own a single solar array. This form of ownership can expand solar ownership to groups previously unable to purchase their own solar arrays and has attracted growing interest from states, developers, and potential owners.
The Solar Energy Industries Association is working hard to represent the industry from our Washington, DC headquarters. We have experts and professional advocates working to influence federal policy, however, when it comes to making a more personal impact with legislators, the power of grassroots advocacy cannot be underestimated. Congress needs to be reminded that the solar industry provides jobs and energy security in their states and districts.
Click here to see an overview of the ITC.