Renewable Energy Policy
HeatSpring’s partnership with Renewable Energy World paves the way for policy makers of the present and future to teach and learn together.
The Four Categories to Qualify for the Low Income Community Bonus Adder
The Low Income Community Bonus Adder provision in the Inflation Reduction Act is different from all the other bonus adders and the Investment Tax Credit (ITC) itself, because it is an allocated credit. That means there is a limited number available.
There is a cap of 1.8 gigawatts annually that will be allocated, or awarded, to […]
GalleryNew Free Course Announcement: Domestic Content Bonus Adder
The Inflation Reduction Act (IRA) has opened up tremendous new incentives for solar projects – including a potentially lucrative 10% tax credit adder for using domestically-made components and products, known as the Domestic Content Bonus Adder. Although, actually qualifying for the Domestic Content Adder is far from straightforward.
That’s why we’re excited to announce the launch […]
Learn the Basics of the Energy Community Bonus Adder Provision
When we think about the term energy communities, as in the bonus adder provision included in the Inflation Reduction Act, we’re referring to legacy fossil fuel communities anchored in the extraction, processing, or generation of energy using coal, oil, and gas. While many are excited about the clean energy transition, it’s important to consider the […]
GalleryNew Free Course Announcement: Inflation Reduction Act Solar Provisions: Direct Pay
Elective Pay (more commonly known as Direct Pay) creates a pathway for nonprofit organizations to utilize tax credits. It was included as a provision in the Inflation Reduction Act passed in August 2022. Prior to Direct Pay, it was difficult for tax-exempt organizations to go solar. That’s because the primary incentive to go solar – […]
What are Solar Renewable Energy Certificates (SRECs)?
Homeowners who produce solar energy on their property can generate solar renewable energy certificates (often called SRECs or RECs) based on the amount of clean energy their solar panels generate. These SRECs can then be sold to companies or utilities looking to offset their own carbon emissions or to meet renewable energy targets.
SREC marketplaces don’t […]
