Bonus Credit score Jumpstarts 800 Photo voltaic Installations, Fifth Third Totally Renewable for five Years, Enormous Photo voltaic Carport … – CleanTechnica – Uplaza

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It’s great to know that your financial institution is fully powered by renewable power. Fifth Third’s bold goal of utilizing 100% renewable power to energy its actions throughout its nationwide footprint grew to become a actuality … 5 years in the past! Beginning in late August 2019, the financial institution achieved that aim, making the tip of final month a 5-year anniversary.

Raymond James Monetary in St. Petersburg, Florida, can be exhibiting a robust dedication to renewable power, with the set up of two huge photo voltaic parking garages at its company headquarters.

Its photo voltaic throughout this week. Different optimistic information is that the IRA low-income bonus credit score jumpstarted 800 photo voltaic installations in reasonably priced housing areas in its first yr. Learn extra about these photo voltaic tales and extra beneath.

Photo voltaic Power

Fifth Third Celebrates 5 Years of 100% Renewable Energy

“In 2017, Fifth Third set an bold aim to energy the Financial institution’s operations throughout its nationwide footprint — together with greater than 1,000 retail places and operational amenities throughout 11 states — with 100% renewable energy.

“In late August 2019, Fifth Third achieved this goal with the opening of the Aulander Holloman solar facility in North Carolina. The project was made possible through a virtual power purchase agreement (VPPA), which guaranteed that Fifth Third would purchase all the electricity generated, thereby enabling the developer of the solar project to secure funding and build the project.”

From Imaginative and prescient to Actuality: Photo voltaic Parking Garages Energize Raymond James Monetary Headquarters

“Raymond James Financial, a longstanding pillar of the St. Petersburg, Florida community since 1962, has advanced its environmental sustainability efforts with the installation of two extensive solar parking garages at its corporate headquarters. This project underscores the company’s commitment to green energy and highlights the design innovation and capabilities of the project contractor, Advanced Green Technologies (AGT).”

Eaton Streamlines Residential Photo voltaic and Power Storage Installations with New Trade-First Good Breakers and Residence Power Administration System

Evaluation of the First 12 months of the Low-Revenue Communities Bonus Credit score Program: Constructing an Inclusive and Inexpensive Clear Power Economic system
“The Program is an unprecedented incentive to increase solar and wind installations in low-income communities. Section 48(e) increases the Section 48 energy investment tax credit of 30 percent (assuming prevailing wage and apprenticeship requirements are met) by 10 or 20 percentage points, making it a valuable bonus to increase clean energy development and adoption. The Program provides 1.8 gigawatts of annual capacity available to eligible solar or wind facilities with maximum net output of less than five megawatts. The program will transition to a “technology neutral” program that accommodates extra clear power applied sciences in 2025 when Part 48E(h) takes impact. Treasury and IRS partnered with the U.S. Division of Power (DOE) to handle an applicant portal, assessment functions, and make software suggestions to the IRS.

“In its first year, the Program received over 54,000 applications from 48 states, the District of Columbia, and 4 territories, and approved over 49,000. These approved applications total nearly 1.5 gigawatts of expected energy capacity and approximately $3.5 billion in public and private investment into communities. As described below, these facilities are estimated to generate $270 million in offset energy costs annually.”

Biden-Harris Administration Marks Main Milestones for Offshore Wind, Approves tenth Mission

“The Biden-Harris administration at present introduced the approval of the Maryland Offshore Wind Mission — the nation’s tenth commercial-scale offshore wind power undertaking permitted below President Biden’s management. With at present’s approval, the Division has permitted greater than 15 gigawatts of fresh power from offshore wind power tasks — equal to half of the capability wanted to realize President Biden’s aim of 30 gigawatts of offshore wind power by 2030. Initiatives permitted thus far will energy 5.25 million houses. “