GTM Research: U.S. Investment Tax Credit extension would increase solar PV installations 54% through 2020 - SolarServer
"The impact will be most pronounced in the utility-scale sector, where ITC extension will increase deployments 73 percent through 2020.
Given price trends in the utility solar sector, the five-year ITC extension will likely result in utility-scale solar contracts being signed for less than 4 cents per kilowatt-hour regularly over the next two years,” said Cory Honeyman, Senior Analyst at GTM Research."
Energy Efficiency & Solar: The Leading Customer-Based Resources
Dr. Marilyn Brown, the Brook Byers Professor of Sustainable Systems at the Georgia Institute of Technology’s School of Public Policy, was the keynote speaker at the 2015 TenneSEIA Annual Meeting.
The 2007 Nobel Peace Prize co-recipient for her work on the report on the Mitigation of Climate Change, talked to members and guests about how solar can be a leading customer-based resource. See her full presentation by clicking on the Read More link below.
Pickwick Electric Cooperative honored as 2015 TenneSEIA Solar Champion
The Tennessee Solar Energy Industries Association (TenneSEIA), awarded the 2015 Solar Champion Award today to Pickwick Electric Cooperative (PEC), at the reception following the organization’s annual meeting at the Bradley Arant Boult Cummings LLP office in Nashville.
“TenneSEIA is proud to present our Solar Champion Award to John Bowers and the Pickwick Electric Cooperative team for their leadership in solar within the local power company and cooperative community. Pickwick has been instrumental in furthering the advancement of solar penetration in the state...
Treasury Announces Decrease in Cash Grant Sequestration Rate from 7.3% to 6.8%
The Department of the Treasury has announced that, for fiscal year 2016, the Cash Grant (1) sequestration rate has decreased from 7.3 percent to 6.8 percent. The announcement is available here.
The change applies to Cash Grants paid on or after October 1, 2015, and on or before September 30, 2016, regardless of when the application was submitted to Treasury.
The effect of the sequester is that, if a solar project has an “eligible basis” of $1,000, then the 30 percent Cash Grant would be $300; however, the 6.8 percent sequester results in it being only $279.60 (as opposed to $278.10 for Cash Grants paid in the prior fiscal year).