The ITC has helped commercial entities transition to solar and pushed growth across the country since 2005. The tax credit incentivizes going solar by allowing businesses to deduct 26% of the installation cost from their income taxes. However, this number will only sit at 26% for the remainder of 2022. It is expected that following […]
New York has put into place a new framework to achieve 10 GW of solar for the state by 2030. This framework comes with an investment of nearly $5.9 billion which is poised to be used to extend the NY-Sun Program and continue to battle the reduction of solar project costs seen over the previous […]
The United States solar industry, including module suppliers, manufacturers, renewable energy developers and other utilities, have been under great fire. Supply chain issues which impact the immediate future of the market. These supply chain issues have led to an increase in shipping and equipment costs for solar cells and panels. There have been a few […]
Build Back Better held promise for the past year that could propel the growth of the solar industry. If instituted, this framework could aid the United States to tracking to meet its climate goals, create millions of jobs, enable a more sustainable labor force and grow the economy from the bottom. However, the plan was […]
Many businesses use MARCS depreciation, or the Modified Accelerated Cost Recovery System, to model how an asset will depreciate. Solar has a 5-year cost recovery period. Bonus depreciation allows an investor to recognize 100% of the depreciation in the same tax year the system is placed in service. Currently, in 2022, the basis of depreciation […]
The Infrastructure Investment and Jobs Act (IIJA) is the largest investment in US infrastructure and includes major provisions for energy. With wide ranging initiatives from nuclear, hydrogen, and EV charging, the $550 billion investment will bring much needed change as we move to a more sustainable future. The investments in clean energy will boost the […]
With an open mind and yearning to become a both a leader and innovator, Kristin didn’t follow a rigid path to find her career in solar. She attended Rutgers University and earned her Bachelor of Science degree with a concentration in Public Health. While in college, she worked evenings and weekends for a residential solar […]
The US Department of Energy (DOE) announced this past week that they intend to provide $2.91 billion in funding to support battery manufacturing here in the United States. This is critical to support the rising need of energy infrastructure to support clean energy initiatives including electric vehicles and energy storage. It is expected that the […]
Mark Kessler recently joined the Genie Solar Energy team to assist clients in the Maryland, DC, and Virginia. His background and experience in the energy industry is an excellent fit to help clients in all regions further their energy and sustainability goals. Mark is a lifelong resident of Maryland and former local utility (BGE) substation […]
New Jersey enacted legislation the requires all newly constructed warehouses to be solar-ready. Who: New Jersey New Construction Warehouses When: Applications for a construction permit that has not been declared complete by the enforcing agency before July 1, 2022 What Does Solar Ready Mean: According to the Department of Community Affairs buildings must leave the […]
Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.
