What Spring 2020 Has in Store for the Solar Industry

What Spring 2020 Has in Store for the Solar Industry

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Barely two months into the year, there is already a lot on the books for the solar industry. Plans are being made for new solar laws, and funding is being drummed up for a variety of solar projects.

Below, we take a look at some of the most exciting plans that have already been made for 2020.

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Underserved Communities Will Seeing $3.3 Million in Solar Funding

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Thanks to the team contribution of The Kresge Foundation, Clean Energy Group (CEG) and New York City Energy Efficiency Corporation (NYCEEC), many disadvantaged communities will have access to funding for various solar projects.

This funding will be provided in the form of loans, capacity grants, and technical assistance grants. Municipalities and contractors that want to take advantage of these financing benefits for their community projects can find out more information at the Resilient Power website.

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Minnesota Republicans Will be Requiring Utilities to Choose Clean Energy GOP lawmakers are currently drafting a plan that will mandate the newly constructed power sources of MN electricity companies to be based on clean energy: nuclear, solar, wind, hydropower, carbon sequestration, and municipal solid waste.

Because so many of the state’s utilities are striving to transition the majority their energy sourcing within the coming decades, such a requirement would result in a large bump in solar demand.

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Lawmakers will be Renewal of the ITC

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The start of 2020 put the ITC’s 4% into effect, now allowing homeowners to claim a credit for only 26% of the cost of their solar installation.

The diminishment of the ITC will continue until its complete phase-out in 2022. That is, unless the ITC is renewed.

A proposal to once again extend the ITC was already submitted to congress last summer. This year, we can hope that lawmakers will review the bill further and approve it for the next step of consideration. Passing the bill with reinstate the full 30% ITC for another 5 years.

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Solar Installation Leads will be Easier to Source Many contractors who have had trouble generating new leads on a consistent basis are learning that partnership with a reputable solar marketing company is the most efficient solution. Agencies like Grid Freedom are offering contractors affordable access to leads that have been isolated from the competition and screened for their ability to buy.

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Additionally, Grid Freedom’s leads are delivered with consultation appointments already scheduled. This allows for contractors to simply send representatives to the customer’s doorstep and start discussing options. The task of calling and convincing the homeowner to agree to a meeting is already taken care of.

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