The Business Guide of Solar Industry | iSolarWorld

For six consecutive years at a stretch, solar has been one of the top two sources of generating electricity in the U.S. During the first week of April this year, the democratic nation witnessed a new strategy to add energy storage system in the list of technologies eligible for the federal Investment Tax Credit (ITC). Introduced by Mike Doyle, its goal is to extend the same 30 percent ITC offered to solar PV systems to batteries and other electric storage systems in the commercial, residential and utility-scale energy storage sectors. The federal solar tax credit, also known as the investment tax credit (ITC) is one of the best financial incentives for solar in the US, allowing consumer to deduct 30% from the entire cost of a solar energy system, from their federal taxes. According to the SEIA 2019 reports, 2018 has bounced back with a residential market growth of 7%, wherein the non residential solar installations saw an annual decline of 8%. The federal tax credit can also...

The bizarre fusion of water and electricity may gain a lot of attention this year as the world’s latest innovation is set to sail throughout. Floating solar, a relatively new concept was first heard in 2008 when the first patent of this technology was signed. Since then, the world has seen a flourishing growth in its installation. The demand for clean electricity, especially the one generated using a renewable energy source is on the rise. However, many countries are failing to suffice with the amount of land these installations require. Hence, the increasing demand for ‘floating solar installations’ comes into action. What Is It? Floating solar, also known as floating photovoltaic (FPV), is any sort of solar array that floats on top of a water body, typically an artificial basin or a lake. The “floatovoltaics” as referred to by some, are a promising revolution towards the path of sustainable energy. The technology has blossomed gradually since a decade ago from Californi...