Smart Cities

What does ITC Reversion mean for the Energy Storage Sector?

The energy storage market is rapidly becoming one of the most exciting spaces in the renewable arena. There have been various suggestions made about the size and structure of batteries to be used in grid scale storage, but there seems to be little doubt about the future demand for the storage itself. Energy storage paired with solar is eligible for the federal Investment Tax Credit (ITC), according to IRS Private Letter Ruling 121432-12. There are certain caveats; first, the systems have to be installed at the same time. Second, at least 75% of the electricity used to charge must come from the solar system. Finally, the ITC is reduced in proportion to the amount of energy used to charge it that does not come from the solar system. For example, the owner of a $100,000 storage system that gets 20% of the energy used to charge it from the grid would be able to claim […]

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Most Popular Articles

Smart Buildings

Bringing Small Buildings into the Smart Buildings Market

The vast majority of buildings are small and not very smart, and it is their small size that limits their “intelligence” by restricting their access to smart building technology. A staggering 94% of US office space is housed in properties under 50,000 square feet, according to the latest data from Energy Star, and that proportion is […]

Security

Building Better Fire Protection with Smart Technology

The destructive relationship between fire and buildings is as old as the history of buildings themselves. Fire protection has been a key reason for the development of new materials, construction methods, and safety protocols since the earliest buildings and each major fire acts as a trigger for innovation and regulation. The response to the Great Fire […]

Smart Buildings

Real Estate Service Firms Continue to Invest in Smart Building Tech in 2022

Acquisitions, partnerships and investments are playing an increasingly important role in implementing strategic goals for major stakeholders in the built environment, particularly in providing access to the range of innovative technologies being developed in the smart buildings space. We have seen a wave of investment by real estate services firms into technology solutions in 2021 with […]

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