These fact sheets introduce each of the six bonus credits available within the ITC for solar, wind, and storage projects. These fact sheets share who is eligible to apply for each credit and which credits can be paired together.
Allowing low-income-serving entities to take direct payment of a tax credit they would not otherwise be allowed to take in order to offset the cost of adding solar and storage, both for relief of energy burden and for resilience, could increase the amount of solar and storage on low-income single-family homes, effectively addressing a deficiency in the Inflation Reduction Act.
CEG strongly recommends that the Treasury Department and the IRS fully account for the carbon emissions associated with powering electrolysis production of hydrogen through grid electricity and that the agencies do not allow for offsetting these emissions through market-based procurement mechanisms, such as RECs and PPAs.
Financing Resilient Power is a new, groundbreaking philanthropic effort—a $3.3 million initiative of The Kresge Foundation to accelerate the market development of solar+storage technologies in vulnerable and disadvantaged communities.
This guide will help homeowners navigate the complex landscape of residential solar photovoltaic (PV) system financing
Owning the Benefits of Solar+Storage: New Ownership and Investment Models for Affordable Housing and Community Facilities
This paper explores additional ownership and financing options for solar+storage projects and low-income communities beyond direct ownership and conventional leasing models.
A Resilient Power Capital Scan: How Foundations Could Use Grants and Investments to Advance Solar and Storage in Low-Income Communities
This report, commissioned by The Kresge Foundation, the Surdna Foundation and The JPB Foundation, identifies market barriers to deploying solar+storage technologies in low-income markets, and proposes more than 50 grant and investment opportunities that socially minded investors can use to target those barriers.
This is a Spanish translation of CESA’s 2015 publication, “A Homeowner’s Guide to Solar Financing: Leases, Loans and PPAs.”
This economic analysis indicates that pairing solar PV with battery storage systems can deliver significant electricity bill savings for California affordable housing residents and property owners.
Comments in Response to Internal Revenue Service Notice 2015-70 Request for Comments on Definitions of Section 48 Property
The IRS recently issued a notice, 2015-70, for comments on how the federal investment tax credit (ITC) should cover solar and storage systems. Clean Energy Group submitted comments that strongly support the eligibility of storage under the ITC.