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Posts Tagged ‘Community Solar’

IRS Releases Favorable Guidance for Individual Investors in Community Solar to Claim Section 25D Tax Credit

The IRS recently issued a Private Letter Ruling (PLR) clarifying that an individual investor in a net-metered community solar project may claim the federal residential Investment Tax Credit (ITC) under Section 25D of the Internal Revenue Code. (A copy of the PLR is available here.) The PLR is also significant because it appears to eliminate a number…

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EPB launches first community solar power program

For the first time since it was created 80 years ago, EPB plans to generate its own power. The city-owned utility is looking to the sun to power a new community-based solar farm that is projected to generate enough power for about 125 homes. EPB directors Friday approved a partnership with the Tennessee Valley Authority…

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Solar energy is poised for yet another record year

The U.S. solar industry is on course for a new growth record in 2015, according to a new report that finds that solar photovoltaic installations now exceed 20 gigawatts in capacity and could surpass an unprecedented 7 gigawatts this year alone across all segments. A gigawatt is equivalent to 1 billion watts and can power some 164,re000 homes, according to the Solar Energy…

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Community solar farms growing around Maine

A planned community solar farm near Androscoggin Lake in Wayne is one of about 10 similar projects that are under development around the state. The projects are unlike traditional residential solar installation in that the households benefiting from the solar-generated power aren’t actually located on the sites of the solar arrays. Instead, the power goes…

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Beaumont Solar CEO Phil Cavallo’s speech from Environment Massachusetts’ event in New Bedford, MA

On September 3, 2015, Environment Massachusetts hosted an even at the New Bedford High School, highlighting the communities actions in general, and New Bedford Mayor Jon Mitchell and Beaumont Solar Co. CEO Phil Cavallo in particular. The following were Mr. Cavallo’s remarks at the event: Remarks: Sharon, thank you for that introduction and for all you…

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