Welcome back, solar enthusiasts, to another informative blog post that aims to keep you updated in the vast, bright world of solar energy. Today, I’m excited to share key updates ranging from advancements in solar tracking, the development of a novel blockchain-based utility for solar trading, trends in polysilicon prices, and an interesting tidbit on a new solar inverter factory. Let’s dive into the details.
If you’ve been on the hunt for solar panels for your home or seeking out reliable solar companies, you’ll want to pay attention to this first piece of news. Nevados has announced they are accepting orders for their domestic content All Terrain Trackers. This innovative solar company claims these devices meet both Treasury’s elective safe harbor and the pre-existing direct cost requirements. What does this mean? Essentially, developers using this mechanism can qualify for a noteworthy 10% domestic content tax credit – a complement to the 30% base investment tax credit.
As solar becomes more mainstream, many people are opting for solar arrays for their homes. But what if I told you there was a way for you to trade solar energy? Thanks to researchers from Canada’s Western University, that may soon be possible. They’ve developed an open-source, blockchain-based virtual utility that allows for Peer-to-Peer (P2P) solar trading! The system uses smart contracts and in simulated scenarios, saved up to $1,600 (US dollars) for 10 homes. Such innovations make the solar industry an exciting space to watch.
Let’s take a quick detour to explore the current standing of global polysilicon prices – a crucial component for solar panels for your home. According to a weekly update by OPIS, a Dow Jones company, the international PV industry records stable prices in polysilicon, largely due to steady market fundamentals. This stability is good news for solar companies and consumers alike, as it provides a predictable landscape for planning and executing solar installations.
Lastly, we can’t forget to mention the exciting developments taking place in Texas, where TMEIC plans to set up a 9 GW utility-scale solar inverter factory. The Japan-headquartered manufacturer intends to launch a 144,000 square foot U.S. facility – a huge boon to the region and an incredible advance in our domestic solar manufacturing capabilities.
The solar industry is alive with growth and innovation. Whether you’re researching solar panels for your home or just invested in a solar array for home use, it’s important to stay tuned in to developments. There’s plenty more sunshine on the horizon, so keep an eye on this space for the latest news and updates in the solar world. Stay solar savvy, my friends.
Original Articlehttps://pv-magazine-usa.com/2024/08/26/sunrise-brief-nevados-trackers-to-qualify-as-domestic-content-in-2025/
