Page 3 - கலிஃபோர்னியா சூரிய சேமிப்பு சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
New Poll Shows Utility Efforts to Roll Back Net Metering Are Very Unpopular with California Voters
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
collaboration.
The twin smokestacks of the Moss Landing Power Plant tower over Monterey Bay. Visible for miles along this picturesque stretch of the Northern California coast, the 500-foot-tall pillars crown what was once California’s largest electric power station a behemoth natural gas–fired generator. Today, as California steadily moves to decarbonize its economy, those stacks are idle and the plant is largely mothballed. The site is about to begin a new life as the world’s largest battery, storing excess energy when solar panels and wind farms are producing electricity and feeding it back into the grid when they’re not.
Print
Although it may have gone unnoticed by many due to the holiday season and the storming of the U.S. Capitol, a relatively small part of a mammoth $1.4 trillion omnibus bill passed and enacted a few weeks ago included an extension of the federal tax credit for solar installations.
Inside the nearly 5,600-page bill, the Investment Tax Credit for solar will remain at 26 percent for the next two years. Prior to the bill’s passage, what’s known as the ITC had been poised to drop to 22 percent this year.
An additional four percentage points may not seem like much but in uncertain economic times, solar businesses and their supporters will gladly take it especially in California, the state with the largest concentration of installations in the country.
Dive Brief:
Third-quarter installations totaled 3.8 GW, an increase of 46% year-over-year and accounting for 43% of all new electrical generation installed during Q3, according to a quarterly Solar Market Insight report by Wood Mackenzie and the Solar Energy Industries Association (SEIA). The strong quarter puts 2020 on track to become the third-largest year for solar installations, despite some impacts from COVID-19.
The utility sector accounted for 2.7 GW of Q3 installed capacity, according to the Solar Market Insight. Residential installations reached 738 MW during the same period, increasing 14% from the slower second quarter of 2020, but have not yet returned to pre-pandemic levels.
States that experienced the most dramatic declines in solar installations, including New York, New Jersey, and California, have also seen the fastest recoveries, according to the Solar Market Insight. Although some effects from the pandemic linger, COVID-19 has helped boost the solar industry s re
vimarsana © 2020. All Rights Reserved.