Decentralizing energy production requires smart grids and storage solutions.
US senators introduce energy storage bill
"After falling 15% in 2012, solar PV wafer production is forecast to grow 19% in 2013, passing 30 GW and recovering to the 2011 level." -Polysilicon and Wafer Supply Chain Quarterly
It's still just drops in the bucket but at what point is solar going to eclipse wind farm production?
US senators introduce energy storage bill
The STORAGE 2013 Act is similar to the STORAGE 2011 Act in a sense that it offers investment tax credits for energy storage facilities. However ammendments have been made to the 2013 Act as highlighted by the bipartisan group of senators who introduced the Act last week.
The minimum size for a storage system to be eligible for credit is now 5 kWh. It was 20 kWh before. This thus makes sense for small businesses to participate and the hope is that it will incentivize storage companies to create leasing models for residential users considering how leasing models have been successful at increasing grid-connected residential solar in the U.S.
Home owners can also install their own storage solutions. The Act will provide for 30% tax credit for homeowners for on-site energy storage to store off-peak electricity from solar panels for use when needed during peak hours.
Read more: US senators introduce energy storage bill: pv-magazine
The minimum size for a storage system to be eligible for credit is now 5 kWh. It was 20 kWh before. This thus makes sense for small businesses to participate and the hope is that it will incentivize storage companies to create leasing models for residential users considering how leasing models have been successful at increasing grid-connected residential solar in the U.S.
Home owners can also install their own storage solutions. The Act will provide for 30% tax credit for homeowners for on-site energy storage to store off-peak electricity from solar panels for use when needed during peak hours.
Read more: US senators introduce energy storage bill: pv-magazine
"After falling 15% in 2012, solar PV wafer production is forecast to grow 19% in 2013, passing 30 GW and recovering to the 2011 level." -Polysilicon and Wafer Supply Chain Quarterly
It's still just drops in the bucket but at what point is solar going to eclipse wind farm production?
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