WASHINGTON, D.C. - The West Virginia legislature has passed a bill to make it easier for West Virginians to benefit from solar energy. House Bill 3310 enables power purchase agreements (PPAs). PPAs are a widely available method to finance distributed energy generation projects such as rooftop solar panels. PPAs are now allowed in 29 states.
The latest U.S. Solar Market Insight report makes it clear that the solar industry will see historic growth over the next decade. In fact, the report’s forecasts show the U.S. solar market will grow 4x by 2030 and reach over 419 gigawatts (GW) of capacity.
WASHINGTON, D.C.— Lawmakers on the House Ways and Means Committee’s Subcommittee on Tax Policy have re-introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act. The bill includes several key solar provisions, including a five-year extension of the solar Investment Tax Credit (ITC), and a direct pay option for large projects when claiming the ITC.