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Illinois investor-owned utility ComEd says more than 51,000 distributed energy resources (DER) were connected to grid as of September, including more than 49,000 residential rooftop solar systems and related energy storage facilities.

This figure is a massive increase from 837 rooftop solar systems connected to the ComEd grid in 2016, reflecting an annual growth rate of 53%. More than 1,300 commercial and industrial customers have connected solar systems to the ComEd grid, representing an annual growth rate of 20%.

Year to date, ComEd has received a record volume of nearly 15,000 applications to connect solar resources, and through September, nearly 11,000 systems have been completed, demonstrating the positive impact of climate legislation in Illinois and growing consumer interest in managing energy bills and reducing their carbon footprint with solar energy.

“We have seen a significant increase in the amount of solar in our service territory due to the passage of the Future Energy Jobs Act in 2016, and it will continue to grow with the implementation of the Climate and Equitable Jobs Act (CEJA) over the next several years,” says Scott Vogt, vice president of strategy and energy policy at ComEd. “The clean energy transition is well under way, and ComEd is making the necessary investments to ensure continued reliability as additional clean energy resources like solar panels come onto our system.”

More than 900 MW of DER have been connected to the system, and ComEd expects that will increase to over 1.9 GW by 2025 and to more than 3.6 GW by 2030.

ComEd also notes that the first community solar project in Illinois was completed in 2019, and there are now 87 such projects in service in the ComEd region, resulting in an 18% annual growth rate. By the end of this year, ComEd expects to have about 100 community solar projects on its system serving a total of 25,000 customers.

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The post ComEd: From 837 Solar Installations in 2016 to 49,000 Today appeared first on Solar Industry.

ComEd: From 837 Solar Installations in 2016 to 49,000 Today

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Respect for One’s Executioner

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This from Sartre.

Great parallel to modern-day Trump supporters, who love their leader while they pay $5 for a gallon of gasoline.

Respect for One’s Executioner

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Renewable Energy

New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

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New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

WASHINGTON, D.C. – A new report from ACORE presents survey data from leading investors about the performance of tax equity structures and how they continue to play a significant role in financing clean energy projects.  

For more than two decades, tax equity has provided a stable private financing mechanism and an important source of capital for new clean energy projects in the United States. The U.S. clean energy industry now attracts over $45 billion in tax credit investments annually, of which more than $20 billion is provided by banks through tax equity arrangements. The report provides an expert look into how tax equity financing transactions are structured and the risks and returns associated with these deals.

Key takeaways from the report include:

  • Overwhelmingly Positive Returns: An ACORE survey representing over 75% of the tax equity market showed that these investors typically receive a median 8.4% return on current investments.
  • Minimal Downside Risk: Risks associated with recapture, foreclosure, and bankruptcy have been exceptionally low for tax equity investors.  
  • Demand for Tax Equity Exceeds Supply: Tax equity is responsible for between one third and two thirds of a clean energy project’s overall financing, and about 45% of tax equity is provided by banks through tax equity arrangements. Demand for tax equity will accelerate as investors look to finance energy storage and other eligible technologies that continue to qualify for tax credits.

“This report reflects ACORE’s commitment to delivering solid, impartial insights from the entire span of the clean energy industry,” said Ray Long, President and CEO of ACORE. “Getting clean energy tax policy right is the key to ensuring the United States is ready to deliver the power needed for tomorrow’s economy.”

The Risk Profile of Tax Equity Investments: 2026 Edition, is available in full on the ACORE website.  

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About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.

ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.  

Media Contacts:

Chris Higginbotham
higginbotham@acore.org

The post New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures   appeared first on ACORE.

https://acore.org/news/new-acore-resource-breaks-down-the-complexities-of-energy-tax-equity-structures/

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An Economy that Works for Everyone

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Right-wingers, like the fellow shown here, tend to make broad and unfair generalizations about the left.

Progressives would like to see an economy that works for everyone, not just the uber-rich.  We want wealth creation for the people who need it most.

The best way to make this happen is strong, high-quality public education and universal healthcare.

These are not radical concepts; this is the way the vast majority of the developed world operates.

An Economy that Works for Everyone

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