Biden-Harris Administration Announces $7 Billion Solar for All

Biden-Harris Administration Announces $7 Billion Solar for All
Grants to Deliver Residential Solar, Saving Low-Income Americans $350 Million Annually and Advancing Environmental Justice
Across America

EPA announces 60 selectees under Greenhouse Gas Reduction Fund grant competition to deliver solar to more than 900,000 low-income and disadvantaged households nationwide through the President’s Investing in America agenda

Contact: EPA Press Office (press@epa.gov)

Washington – April 22, as the Biden-Harris Administration celebrates Earth Day, the U.S. Environmental Protection Agency announced 60 selectees that will receive $7 billion in grant awards through the Solar for All grant competition to deliver residential solar projects to over 900,000 households nationwide. The grant competition is funded by President Biden’s Investing in America agenda through the Inflation Reduction Act, which created EPA’s $27 billion Greenhouse Gas Reduction Fund. The 60 selections under the $7 billion Solar for All program will provide funds to states, territories, Tribal governments, municipalities, and nonprofits across the country to develop long-lasting solar programs that enable low-income and disadvantaged communities to deploy and benefit from distributed residential solar, lowering energy costs for families, creating good-quality jobs in communities that have been left behind, advancing environmental justice and tackling climate change.

“Today we’re delivering on President Biden’s promise that no community is left behind by investing $7 billion in solar energy projects for over 900,000 households in low-income and disadvantaged communities,” said EPA Administrator Michael S. Regan. “The selectees will advance solar energy initiatives across the country, creating hundreds of thousands of good-paying jobs, saving $8 billion in energy costs for families, delivering cleaner air, and combating climate change.”

“Solar is the cheapest form of electricity—and one of the best ways to lower energy costs for American families,” said John Podesta, Senior Advisor to the President for International Climate Policy. “Today’s announcement of EPA’s Solar for All awards will mean that low-income communities, and not just well-off communities, will feel the cost-saving benefits of solar thanks to this investment.”

“Residential solar electricity leads to reduced monthly utility bills, reduced levels of air pollution in neighborhoods, and ultimately healthier communities, but too often low-income and disadvantaged communities have been left out. Today’s announcement will invest billions to ensure that affordable housing across the U.S. can access solar and increase energy efficiency and climate resilience,” said U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman. “HUD is honored to have played a key role in today’s monumental announcement, which will provide meaningful household savings to households in low-income and disadvantaged communities, reduce both greenhouse gas emissions and energy costs, and deliver electricity during grid outages for low-income households.”

“Sunlight is powering millions of homes across the nation, and we’re working hard to ensure Americans everywhere can benefit from this affordable clean energy resource,” said U.S. Secretary of Energy Jennifer M. Granholm. “DOE is proud to work alongside our partners at EPA and across the Federal government to help communities access the limitless energy of the sun to light their homes and power their businesses.”

“The United States can and must lead the world in transforming our energy systems away from fossil fuels,” said U.S. Senator Bernie Sanders (VT). “The Solar for All program – legislation that I successfully introduced – will not only combat the existential threat of climate change by making solar energy available to working class families, it will also substantially lower the electric bills of Americans and create thousands of good-paying jobs. This is a win for the environment, a win for consumers, and a win for the economy.”

EPA estimates that the 60 Solar for All recipients will enable over 900,000 households in low-income and disadvantaged communities to deploy and benefit from distributed solar energy. This $7 billion investment will generate over $350 million in annual savings on electric bills for overburdened households. The program will reduce 30 million metric tons of carbon dioxide equivalent emissions cumulatively, from over four gigawatts of solar energy capacity unlocked for low-income communities over five years. Solar and distributed energy resources help improve electric grid reliability and climate resilience, which is especially important in disadvantaged communities that have long been underserved.

Solar for All will deliver on the Biden-Harris Administration’s commitment to creating high-quality jobs with the free and fair choice to join a union for workers across the United States. This $7 billion investment in clean energy will generate an estimated 200,000 jobs across the country. All selected applicants intend to invest in local, clean energy workforce development programs to expand equitable pathways into family-sustaining jobs for the communities they are designed to serve. At least 35% of selected applicants have already engaged local or national unions, demonstrating how these programs will contribute to the foundation of a clean energy economy built on strong labor standards and inclusive economic opportunity for all American communities.

The Solar for All program also advances President Biden’s Justice40 Initiative, which set the goal that 40% of the overall benefits of certain federal climate, clean energy, affordable and sustainable housing, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. All of the funds awarded through the Solar for All program will be invested in low-income and disadvantaged communities. The program will also help meet the President’s goal of achieving a carbon pollution-free power sector by 2035 and net-zero emissions economy by no later than 2050.

Solar for All will expand existing low-income solar programs and launch new ones. The 60 selected applicants will serve households in all 50 states, the District of Columbia, Puerto Rico, and territories, as well as increase access to solar for Tribes. EPA has selected 49 state-level awards totaling approximately $5.5 billion, six awards to serve Tribes totaling over $500 million, and five multistate awards totaling approximately $1 billion. Solar for All will deploy residential solar for households nationwide by not only providing grants and low-cost financing to overcome financial barriers to deployment but also by providing services to communities to overcome other barriers such as siting, permitting, and interconnection. A complete list of the selected applicants can be found on EPA’s Greenhouse Gas Reduction Fund Solar for All website.

The 60 selected applicants have committed to delivering on the three objectives of the Greenhouse Gas Reduction Fund: reducing climate and air pollution; delivering benefits to low-income and disadvantaged communities; and mobilizing financing to spur additional deployment of affordable solar energy. Solar for All selected applicants are expanding existing low-income solar programs and launching new programs. In at least 25 states and territories nationwide, Solar for All is launching new programs where there has never been a substantial low-income solar program before. In these geographies, Solar for All selected applicants will open new markets for distributed solar by funding new programs that provide grants and low-cost financing for low-income, residential solar.

To date, many of the 60 selected Solar for All applicants have supported low-income and underserved communities in installing innovative residential solar projects. With this new funding, selectees can launch thousands more projects like these throughout every state and territory in the nation:
The threat of storms is a major reason Athens, Georgia resident Delmira Jennings and her husband John used selected applicant Capital Good Fund’s Georgia BRIGHT leasing program to install a 13-kilowatt solar and 10-kilowatt-hour battery system in February. “Last year, we spent two days without power after what seemed like a mini tornado,” Jennings said. After a recent outage, Jennings noted that she didn’t even know she lost power. “The batteries kicked in and all the power items we were using were on battery backup.”
Last year, the Northern Cheyenne Tribe, whose successful pilot initiative served as the basis for selected applicant Mandan, Hidatsa, Arikara (MHA) Nation’s Northern Plains Tribal Solar for All program, took major steps toward a clean energy future with the completion of the first phase of the White River Community Solar project. This project will deploy 15 solar systems at the homes of elders while piloting a groundbreaking approach to solar ownership and management that is intended to set an example for Tribes across the nation.
Through its Solar Access for Nationwide Affordable Housing (SANAH) program — a model for equitably providing solar to low-income renters in disadvantaged communities — selected applicant GRID Alternatives’ team in San Diego installed a solar energy system at Trolley Trestle, home to youth transitioning out of the foster care system. Energy cost savings estimated at over $600k over ten years, will be reinvested to provide additional services to those who call Trolley Trestle home, including more job and life skills training.
Review and Selection Process Information

The 60 applicants selected for funding were chosen through a competition review process. This multi-stage process included review from hundreds of experts in climate, power markets, environmental justice, labor, and consumer protection from EPA, Department of Energy, the Department of Housing and Urban Affairs, Department of Treasury, Department of Agriculture, the Federal Emergency Management Agency, Department of Labor, Department of Defense, Consumer Financial Protection Bureau, and the Department of Energy’s National Labs – all screened through ethics and conflict of interest checks and trained on the program requirements and evaluation criteria. Applications were scored and selected through dozens of review panels and an interagency senior review team.

EPA anticipates that awards to the selected applicants will be finalized in the summer of 2024, and selected applicants will begin funding projects through existing programs and begin expansive community outreach programs to launch new programs in the fall and winter of this year. Selections are contingent on the resolution of all administrative disputes related to the competitions.

LG ESS Home 8: A Guide For Home Energy Storage Solutions

LG ESS Home 8: A Guide For Home Energy Storage Solutions

Energy Storage Solutions For The Home 

Most of us understand the feeling of losing power during a rough storm or grid outage. Panic begins to set. We worry about the food we just bought at the store, the appliances we have running, the battery level on our devices, and even medical equipment that loved ones depend on. Many homeowners tend to brace themselves for potential outages that come with weather events. With energy storage solutions for the home, homeowners can be at ease knowing there is backup power ready for when they need it most. 

Besides energy security, homeowners investing in energy storage solutions also have the ability to manage how their energy is used. When an energy storage unit is paired with a solar energy system, homeowners can store clean energy and decide how it gets used. With time of day energy usage as the new norm for utility rate prices, homeowners can avoid pulling from the grid during peak hours by using energy that was saved at previous times.  

A Close Look At LG ESS Home 8

The LG ESS Home 8 is LG Electronics’ newest solution for energy storage and energy management. This energy storage system can be installed without the need of a solar energy system, but pairing the unit with solar allows for homeowners to save clean energy produced by solar. A capacity of 14.4 kWh gives homeowners 1-2 days of power if they are fully relying on battery back up. 

Along with a peace of mind, homeowners can link their LG appliances and LG ESS Home 8 with the LG ThinQ App. With the ThinQ App, homeowners have access to their appliances and battery backup in the palm of their hands. Besides being able to check on laundry cycles and oven temperatures, off-grid mode can be enabled in the app during the case of an outage, which allows homeowners to take control of their power. 

Energy Storage Installation With Renu Energy Solutions 

Renu Energy Solutions has a fantastic partnership with LG. We have access to LG ESS Home 8 batteries, meaning we can order the battery so you don’t have to. LG trusts our team of licensed electricians and rooftop technicians to install battery backup whether it’s paired with a solar energy system or hooked up directly to the grid. Either way, Renu Energy Solutions is your hometown option for energy storage solutions in the Carolinas.

Green and Growing: How Family Time and Sustainability Flourish Together

Green and Growing: How Family Time and Sustainability Flourish Together

Family First

Creating a sustainable life at home starts with getting your family educated and inspired about going green. Teaching the importance of sustainable habits like recycling, shutting off lights, gardening, and composting are small steps families can take to encourage their children to live a renewable lifestyle. This family took sustainability a step further by investing in a solar energy system for their home. Even while enjoying family time outside on a beautiful sunny day, the family is producing their own renewable energy while also saving money on electricity costs.

Why Solar Works For Families  

Solar energy works wonderfully for families of any size. Families use more energy than couples alone, which makes them the perfect candidates for solar. The amount of sunlight that hits the Earth’s surface in an hour and a half contains enough power to meet energy needs from across the world for an entire year. For our customers with a family of 6, solar energy helps meet their needs with no issues!

With the sun powering this family’s home, they are able to save over $100 each month by avoiding expensive electricity costs. Before this family paid an average of $160 a month on power. Now they spend an average of just $40 a month. Our inhouse team of energy consultants, operations team, and installation teams were able to help this family design and build a system that nearly offsets their need to pull electricity from the utility grid.

Saving For What Matters Most 

When a family like this saves on solar, they are saving for the important things in life. Whether that be football, MMA, or gymnastics this family is able to provide experiences for their children that build a strong work ethic, character, and memories to last a lifetime. Along with extracurricular activities, this family can save for emergencies and unexpected life changes. Solar energy for the home provides families with a way to live more sustainably for the environment and their loved ones. 

Charlotte Auto Show

Charlotte Auto Show

The Charlotte Auto Show: Where Automotive Excellence Meets Innovation

Each year, the Charlotte Auto Show takes over the Convention Center in Uptown to showcase a variety of vehicles from top brands in the automotive industry. From November 16-19, ticket holders get a chance to see over 170 vehicles from automakers such as Toyota, Ford, Porsche, Ram, Maserati, Chevorlet, and more! Guests are able to make purchases on vehicles, win designer handbags and heels while raising money for pediatric cancer, and play games for children of all ages. Along with vehicle exhibits, a new tech and sustainability zone will be available for guests to learn more about sustainability for vehicles and homes.

Renu and Sun Services: Pioneering Sustainable Energy Solutions

This year, Renu Energy Solutions and Sun Service Specialists are proud to support the Charlotte Auto Show’s  New Tech and Sustainability Zone. Since both companies focus on providing solar energy, energy products, and services that are sustainable, Renu and Sun Service will demonstrate how solar energy can power your home and electric vehicle. Our displays will showcase some electric vehicle chargers for the home, solar panels, and energy storage units. Along with these components, members of the Renu Crew and Sun Service Squad will be there to answer any questions regarding solar, energy storage, and electric vehicle charging.  

We aim to educate exhibitors on the importance of utilizing solar energy to charge electric vehicles; eliminating the need of fossil fuels to power homes and vehicles. Through graphics and product demonstration, exhibitors will learn how solar energy works step by step. 

 

 

How To Claim Solar Tax Credits

How To Claim Solar Tax Credits

What Are Solar Tax Credits?

When customers decide to invest in solar for their home, one of the perks they receive is the solar tax credit. Ever since The Inflation Reduction Act of 2022 passed, customers get a 30% Federal tax credit for their system, installation costs, and energy storage units that are paired with the solar system. South Carolina customers receive an additional 25% State tax credit, making the total tax credit for their system 55%.

For example, if a customer receives a tax credit for $5,000 for their system, their Federal income taxes are reduced by $5,000. Let’s say this customer owes the IRS $2,500. The solar tax credit would be used dollar for dollar to bring the balance the customer owes to $0, and then the customer would carry forward the remaining $2,500 to the following year. Customers have 10 years to utilize the full amount. 

Criteria For Claiming Tax Credits 

Customers can claim solar tax credits by meeting the following criteria: 

They were the ones who used the system for the first time. (Excludes people moving into a house that has a system already installed)

They are the homeowner where the solar system is installed

The solar system was installed after January 1, 2017

Speak with a tax professional to ensure you meet all of the criteria to claim the solar tax credit.

What Duke Energy’s Changes Mean For Newer Solar Systems

What Duke Energy’s Changes Mean For Newer Solar Systems

Overview

When Duke Energy North Carolina approved changes to their net metering policy back in March 2023, potential solar energy customers had a limited time to decide on a system before the changes kicked in on October 1, 2023. Once these customers signed a contract, they were able to apply for interconnection with Duke Energy North Carolina’s 1:1 legacy net metering program. Today, new customers receive the option of a modified net metering program called time-of-use (TOU) or enter a bridge NEM program. 

TOU

With time-of-use net metering, Duke Energy North Carolina rates are based on the demand of energy at specific times. Peak energy rates are determined based on what time of day it is, what day it is, and what time of year it is. For example, energy rates may be higher in the summer during evening hours when people are getting home from work. Prices customers pay changes as demand for energy changes. Solar paired with a battery is an excellent combination to take advantage of time-of-use rates, allowing for charging at less expensive rates and discharging at the more expensive rates. TOU won’t entirely take over until January 1, 2027. In the meantime, new solar customers receive a Bridge Rate net metering program.

Bridge Rate

Duke Energy North Carolina’s Bridge Rate is available for new customers for a 5 year duration until January 1, 2027. This rate allows customers to opt in for a hybrid net metering program that mixes aspects of the legacy net metering rate and the TOU rate. Now, new customers won’t immediately receive credits based on time-of-use, however, they are able to ease their way into the change for the next 5 years. 

Since the legacy net metering program is a part of the Bridge Rate, new customers receive 1:1 credits for their energy sent back to the grid, and those credits are applied to the customers utility bill. These credits help customers save on their utility bill by applying the credits towards new energy charges.

Lower Prices

Ever since the early 2010’s the median customer price dispersion overtime has decreased for a solar system. The graph from EnergySage below shows the median quoted prices a typical customer sees $/watt on a solar energy system. As the graph shows, there has been a significant decrease in price dispersion since 2014. With the supply of solar components being at a high for 2023, price dispersion is expected to decrease, meaning less expensive solar systems for new customers.

Image courtesy of EnergySage

Conclusion

As the sun sets for 1:1 net metering in North Carolina, customers now receive a Bridge Rate for 5 years before fully committing to time-of-use net metering. Now that Duke Energy North Carolina will start adjusting rates for peak hours, energy independence is more enticing than ever. Potential customers can expect a less expensive $/watt cost since component supplies are up. Of course we can’t predict policy changes for utility companies, but what we can do is lock in rates before they change again.