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View important updates by Priority Power.
Apr
02

How the Federal Solar Tax Credit Works

How the Federal Solar Tax Credit Works
With solar prices falling and a key federal tax credit ramping down, commercial and industrial businesses are increasingly considering adding solar panels to their facilities. One of the top incentives for building solar facilities — the federal investment tax credit, or ITC — can make solar panels an appealing option, but it’s important to understand how the program works, especially its eligibility deadlines. Before getting into the details on the ITC, we should say the program could change so...
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Mar
11

Scarcity Pricing: Near-term Pain, Long-term Gain

Scarcity Pricing: Near-term Pain, Long-term Gain
With summer on the horizon, it’s a good time to talk about scarcity pricing — a hot topic last year when real-time wholesale power prices in Texas hit a $9,000 per megawatt-hour (MWh) cap multiple times over a three-day stretch. Generally, wholesale power prices are driven by supply and demand. Prices go up when limited power supplies are used to meet growing demand. Picture a hot, humid day. The Electric Reliability Council of Texas (ERCOT), which operates the grid and power markets in nearly a...
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Feb
13

States Leading on Energy Storage — but the Feds can Still Help

States Leading on Energy Storage — but the Feds can Still Help
Before it adjourned last year, Congress declined to act on multiple pieces of energy storage legislation including the Energy Storage Tax Incentive and Deployment Act of 2019. But across the country, states are taking the lead in advancing this innovative technology –– opening new opportunities for commercial and industrial facilities seeking to incorporate storage into their energy mix. The state action makes sense, given the urgent need for resilient energy. Our aging grid infrastructure and t...
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