Welcome, dear readers, to another insightful entry on my solar blog, where we discuss everything and anything related to this trending green technology. The solar industry has been bustling with news this week, and solar companies have been making a marked impact on a grand scale.
Starting in North Carolina, where the aftermath of Hurricane Helene wreaked havoc, an array of solar companies came together for a shared cause – disaster relief. In Asheville, helmed by Greentech Renewables Raleigh and the Footprint Project, they initiated the deployment of solar panels and battery microgrids. This will bring a transformative power solution to a disaster-stricken region, underscoring the resilience and sustainable potential of solar array for homes and communities alike.
Now, let’s shift to some policy buzz in the solar industry. The Solar Energy Industries Association (SEIA) has recently drawn attention to the potential changes brought by the Inflation Reduction Act’s (IRA) Investment Tax Credit (ITC). It is replacing the “adder” for low-income tax credit, which unhappily leaves energy storage out in the cold. Since we know that energy storage is absolutely integral to effective use of solar panels for your home, it’s crucial to keep a close eye on how these changes play out.
Speaking of energy storage, it doesn’t present an insurmountable challenge anymore. The combination of low-cost pumped hydro energy storage and rapid-response batteries marks an evolution in the technology. Hybrid systems like these keep the promise of storing solar energy economical, efficient, and easily accessible. So, don’t be deterred by the idea that storing energy from solar is too complex—it’s a solved problem.
What about the public’s view on solar? A recent survey in Texas provides an interesting perspective from a political angle. Despite attempts by lawmakers to place restrictions on solar development, a vast majority of Texans back the right for property owners to lease land for solar power projects. Notably, this includes 83% of self-proclaimed Trump voters and reflects a bipartisan endorsement for solar expansion.
Lastly, Solar United Neighbors have progressed a new initiative to financially reward dwellers of every state for investing in distributed battery systems. The venture focuses on compensating owners of such batteries for sharing their stored energy during peak times, proving that solar doesn’t just save you money—it makes you money!
In conclusion, the surge of developments in the solar industry is hard to ignore. With solar companies adapting to changing policy landscapes, the common man finding ways to monetize their solar investments, and an increased show of public support from unexpected quarters, solar power continues to shine as our energy future. Until next time, keep soaking up the sun!
Original Articlehttps://pv-magazine-usa.com/2024/10/11/in-case-you-missed-it-five-big-solar-stories-in-the-news-this-week-18/
