c/goodnews · by apftwb@lemmy.world · 40d

New York reaches 8GW of distributed solar PV ahead of schedule

https://www.pv-tech.org/new-york-reaches-8gw-distributed-solar-pv/

The state of New York has reached 8GW of cumulative installed distributed solar PV, putting it ahead of its 10GW target by 2030.

(Alternative article)

19 points · 2 comments · view on lemmy.world

2 Comments

endlessvoid@lemmy.today · 1 pts · 40d (1 reply)

Optimistic sounding headline, but the reality is that these are all grandfathered projects which were in the pipeline from before Trump cut the ITC (solar tax credit). Development and investment in new renewable projects has essentially stopped dead.

As if the ITC cut wasnt enough, utilities are seizing the opportunity to push back hard against further renewable deployment, and lots of municipalities are putting restrictive zoning in place to prevent solar projects being permitted.

Reaching 10GW by 2030 will be... unlikely.

apftwb@lemmy.world · 1 pts · 40d

In the short term, there are still projects in the pipeline and they are excellerating their timelines as they attempt to get online before the ITC credit expires in 2027

The “Begin Construction” Exception to the 2027 In-Service Deadline

Under the OBBBA, solar projects must generally be placed in service by December 31, 2027, in order to qualify for the ITC.

There is, however, an important exception – if a project can demonstrate that it began construction on or before July 4, 2026, the project remains eligible even if it becomes operational after 2027. This statutory safe harbor is likely considered the single most important threshold for solar developers planning beyond 2027.

Source