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IKEA sparks excitement after launching roofless solar panel kits: 'Have wanted something like this forever'
IKEA sparks excitement after launching roofless solar panel kits: 'Have wanted something like this forever'

Yahoo

time5 days ago

  • Business
  • Yahoo

IKEA sparks excitement after launching roofless solar panel kits: 'Have wanted something like this forever'

IKEA has long been a pioneer in making stylish home goods accessible, but now the Swedish company is turning its sights to the energy market. In an exciting move for eco-conscious homeowners, T3 reported that IKEA has launched a new solar panel system designed for balconies. It promises an easy, affordable way to harness solar energy without the complicated installation or other costs often associated with traditional systems. The starter package includes two 450-watt solar panels and uses a "plug-and-play" system, which will appeal to people who want solar energy without the hassle. There's also the option to add smart meters and plugs to monitor usage, offering users a way to view and control how much energy they're generating. For reference, a single 450-watt panel can generate enough energy to power small appliances without much of an issue, according to EnergySage. These IKEA panels are only available in Germany, but the company has suggested that it's a starting point, with plans to bring the kits to other markets soon. What's most exciting about this development is the price. Solar panels have long been synonymous with high upfront costs, but IKEA is offering a more approachable option. With a system priced at €449 — a little over $500 USD — the company has opened the door for more people to adopt clean, affordable energy, and that could make all the difference in tackling both energy bills and pollution. The environmental benefits are clear. Harnessing solar power not only reduces household energy costs, but it also helps cut down on the pollution created by traditional energy sources, such as burning coal. Which of these factors is the biggest obstacle preventing you from getting solar panels? The upfront cost The way they look Not sure where to start No concerns here! Click your choice to see results and speak your mind. It's clear that this launch has struck a chord with many people eager to make the switch to cleaner energy without the complexity. One Reddit user summed it up perfectly: "I can't wait until this is available in the U.S. (hopefully). We have a second floor condo in Philadelphia and rooftop solar isn't feasible with our neighbors rooftop deck. [We] have wanted something like this forever to reduce our dirty energy consumption and dependency." For anyone who's interested in solar energy but unsure where to start, EnergySage offers a free platform to help people compare quotes and explore installation options. And if you've been thinking about installing solar, now is the time to act. The federal Investment Tax Credit, which offers a 30% tax incentive on solar panel installations, ends on December 31, 2025. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.

Sunrun (RUN) Stock Trades Up, Here Is Why
Sunrun (RUN) Stock Trades Up, Here Is Why

Yahoo

time15-07-2025

  • Business
  • Yahoo

Sunrun (RUN) Stock Trades Up, Here Is Why

Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 3.6% in the afternoon session after analysts at both Mizuho and J.P. Morgan raised their price targets for the residential solar company. Mizuho boosted its price target significantly to $21 from $13, while maintaining an "outperform" rating on the stock. Similarly, J.P. Morgan increased its target to $16 from $13, keeping its "Overweight" rating. J.P. Morgan cited Sunrun's leadership position in the underpenetrated residential energy services market, which it expects to grow at a double-digit rate. The firm also pointed to the company's strong revenue visibility from long-term customer contracts and potential for market share gains due to favorable Investment Tax Credit (ITC) rules. These bullish analyst notes provided a positive catalyst for the stock, signaling growing confidence in Sunrun's future performance and growth prospects within the clean energy sector. After the initial pop the shares cooled down to $10.67, up 2.9% from previous close. Is now the time to buy Sunrun? Access our full analysis report here, it's free. Sunrun's shares are extremely volatile and have had 79 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock dropped 10.6% on the news that President Donald Trump directed federal agencies to strengthen provisions to repeal or modify tax credits for solar and wind energy projects and made negative comments about the renewable energy sources. The move sent a chill through the renewable energy sector, with solar stocks bearing the brunt of the sell-off. The directive to review and potentially eliminate crucial tax incentives that have supported the industry's growth, creates significant uncertainty for companies like Sunrun, which rely on these credits to make residential solar installations more affordable for customers. The market reacted swiftly to the perceived threat to the solar industry's business model. Sunrun is up 4.5% since the beginning of the year, but at $10.67 per share, it is still trading 50.4% below its 52-week high of $21.50 from August 2024. Investors who bought $1,000 worth of Sunrun's shares 5 years ago would now be looking at an investment worth $297.91. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

From Fossil Fuels To Green Futures: Understand The Role Of Energy Community Tax Credit Bonus
From Fossil Fuels To Green Futures: Understand The Role Of Energy Community Tax Credit Bonus

Time Business News

time14-07-2025

  • Business
  • Time Business News

From Fossil Fuels To Green Futures: Understand The Role Of Energy Community Tax Credit Bonus

The world is rapidly shifting towards cleaner energy. In the United States, the transition from fossil fuels to renewable energy sources is picking up speed, partly due to strong incentives such as the energy community tax credit bonus. This bonus is transforming the landscape for investors, developers, industries, and communities that previously relied on coal, oil, gas, or other petroleum products. If you want to understand how this incentive works and why it is significant, you have come to the right place. The clean energy community tax credit bonus is a financial incentive for clean energy projects constructed in communities that have previously had a history of fossil fuel production or experienced high unemployment that is linked to the energy industry. The Inflation Reduction Act (IRA) of 2022 designed it, aiming to transition communities away from fossil fuels and into green energy by making renewable projects cheaper and desirable. Once a project receives qualification, it is entitled to a 10% boost of its tax credit worth. For example, a solar project which otherwise would be entitled to 30% investment tax credit can be given 40% if it is located in an energy community and fulfills certain conditions. The bonus is available for a number of tax credits such as: Investment Tax Credit (ITC) Production Tax Credit (PTC) Clean Electricity Production Credit (CEPC) Clean Electricity Investment Credit (CEIC) Energy communities are regions that have relied on fossil fuel industries and jobs for a long time. A majority of these communities have suffered from economic adversity and unemployment resulting from the shutdown or scaling down of coal mines, oil fields, and gas plants. The energy community tax credit bonus is specifically aimed at providing for the revival of such communities by stimulating fresh investment, creating work opportunities, expanding the energy economy, and building a future in clean energy. The primary types of energy communities are the following: Brownfield Sites: Areas or regions of land upon which pollution or toxic substances complicate redevelopment and rehabilitation. Fossil Fuel Communities: Locations where coal, oil or gas industries have traditionally provided a high level of employment. High Unemployment Places: Places where unemployment is higher than average, typically associated with failing fossil fuel industries. The energy community tax credit bonus provides an additional 10 percentage points to the qualified tax credit for a project. For instance: If a solar farm is eligible for a 30% ITC, the bonus can boost it to 40%. If a wind project receives a 2.75 cents/kWh PTC, the bonus increases it to approximately 3.025 cents/kWh. This additional credit can translate into millions of dollars in savings for big projects. It helps make it easier for developers to borrow money and for towns to bring in new business. To be eligible for the energy community tax credit bonus, a project has to be located within an approved energy community. Maps and lists of qualifying areas are maintained by the Department of Energy and the IRS and are updated regularly. Developers further have to comply with some wage and apprenticeship requirements before they qualify for the bonus. Eligibility for this bonus is decided when the project is put into service. For some regions, bonus eligibility can shift from year to year based on unemployment levels, so timing and careful planning are key. A Renewable Gas Project: A major U.S. city collaborated with consultants to demonstrate their project touched two qualifying census tracts. They were awarded the 10% bonus, which relieved some of the development and construction expenses. A university constructed a geothermal heating and cooling system on land that once housed an industrial building. Since it qualified as a brownfield, the project secured the bonus and earned additional tax credit revenue. Here are three reasons why this bonus is important: The 10% bonus can break or make a project's budget. For investors, it signifies higher returns and reduced risk. For developers, it makes for a stronger business case for development in communities that require fresh investment. By focusing on regions hit hardest by the decline of fossil fuels, the bonus assists in job creation and supports local economies. It invites new businesses to establish themselves in locations with existing worker skills and energy infrastructures. With increasingly more projects being constructed, the U.S. can accelerate toward its clean energy vision. The bonus encourages solar, wind, battery storage, and even hydropower and geothermal projects to become reality. Solar Farms including rooftop and utility-scale projects are eligible for the bonus. Onshore and offshore wind farms utilising wind energy can secure the benefits. Battery storage systems that help with grid-balancing are also eligible. Hydropower & Geothermal projects also qualify in certain eligible areas. Check Eligibility: Use the Energy Communities Map curated by the Department of Energy or seek advice from a tax professional. Meet Requirements: Projects must comply with prevailing wage and apprenticeship regulations to receive the full bonus. File Carefully: When applying for the ITC or PTC you should submit documentation indicating the project's location and eligibility. Stay Updated: Qualifying areas and regulations change frequently and may change each year, so keep up with the latest IRS and DOE guidelines. The energy community tax credit bonus is a powerful tool to help communities move away from fossil fuels into a cleaner future. It offers real financial incentives, encourages new investment, helps create jobs, catalyzes local economies, and enables the clean energy transition where it is most needed. Developers and investors can maximize this opportunity by learning how the bonus works and staying updated. TIME BUSINESS NEWS

Solar stocks nosedive following surprise White House move
Solar stocks nosedive following surprise White House move

Yahoo

time08-07-2025

  • Business
  • Yahoo

Solar stocks nosedive following surprise White House move

Solar stocks nosedive following surprise White House move originally appeared on TheStreet. Following months of bankruptcies, policy shocks, and stubborn rate headwinds, solar stocks finally got a breather when Congress eased off part of its tax clampdown. However, when things looked like turning around for clean energy, another twist landed, halting the recent rally in solar stocks. 💵💰💰💵 Fresh moves out of Washington have flipped the script yet again, knocking investor hopes in the process. Now, the whole sector is bracing for what comes ahead. It's been less about the underlying technology shifts than the shifting positions in Washington. Without that crucial 30% federal Investment Tax Credit and Production Tax Credits, rooftop solar names like Enphase () and Sunrun () were staring down big hits to demand and quickly shrinking margins. Also, key utility players like First Solar () lost out on bids as financing dried June 17, the Invesco Solar ETF () tanked over 10% on renewed Senate proposals to phase out all credits by 2028, sparking massive sell-offs across the board. In a surprise turn of events, on July 1, lawmakers scrapped a looming excise tax on foreign-made panels. Many experts, though, called it a temporary reprieve, resulting in a snapback for most beaten-down names in the solar sector. Yet the broader threat remained alive, with long-term credits expected to be phased out over the next three years. More Tech Stock News: Google's quiet AI win spells trouble for Amazon Nvidia-backed stock sends a quiet shockwave through the AI world Veteran Tesla analyst drops 4-word call Moreover, solar projects stand to struggle without fresh incentives or lower borrowing costs. In short, solar's fate has been mostly linked to policy tweaks and a make-or-break catalyst for this once-sunny sector. Solar stocks just got another gut punch, and this one's come straight from the top. On Tuesday, President Trump signed an executive order tightening the screws on solar and wind tax credits while doubling down on the One Big Beautiful Bill Act passed July 4. The order tells the Treasury Department to solidify the repeal of these credits and crack down even harder on what Trump deems 'unreliable' wind and solar energy. The White House's statement makes clear that green subsidies are out, and U.S. energy 'dominance' comes first. Naturally, Wall Street didn't take it Energy and AES Corp. led the S&P 500 losers early Tuesday, sinking 5.1% and 4.1%, respectively. NextEra Energy shed 3.8%, First Solar dropped 3.4%, and NRG Energy slipped 3.2%. Residential solar names, in particular, had it even worse. Sunrun tanked nearly 10%, Shoals Technologies fell 8%, and Array Technologies lost over 4%. Solaredge, another major solar inverter player, slid 3.8%. The new order is in line with a fresh deal President Trump's team has worked with the House Freedom Caucus, which effectively pushes for closer oversight of green energy perks. In exchange, the goal is to secure stronger backing for the broader spending plan. The numbers show the crippling impact. Under the previous law, developers could claim a 30% federal tax credit for solar through 2032. That window slams shut after 2026 unless projects have already broken ground or are complete by 2027. Without these subsidies, the capital will likely flee to other sectors with more predictable support, putting the clean energy space on thin stocks nosedive following surprise White House move first appeared on TheStreet on Jul 8, 2025 This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared. Sign in to access your portfolio

Solar stocks nosedive following surprise White House move
Solar stocks nosedive following surprise White House move

Miami Herald

time08-07-2025

  • Business
  • Miami Herald

Solar stocks nosedive following surprise White House move

Following months of bankruptcies, policy shocks, and stubborn rate headwinds, solar stocks finally got a breather when Congress eased off part of its tax clampdown. However, when things looked like turning around for clean energy, another twist landed, halting the recent rally in solar stocks. Don't miss the move: Subscribe to TheStreet's free daily newsletter Fresh moves out of Washington have flipped the script yet again, knocking investor hopes in the process. Now, the whole sector is bracing for what comes ahead. Image source: Raze Solar via Unsplash It's been less about the underlying technology shifts than the shifting positions in Washington. Without that crucial 30% federal Investment Tax Credit and Production Tax Credits, rooftop solar names like Enphase (ENPH) and Sunrun (RUN) were staring down big hits to demand and quickly shrinking margins. Also, key utility players like First Solar (FSLR) lost out on bids as financing dried up. Related: JPMorgan delivers blunt warning on S&P 500 By June 17, the Invesco Solar ETF (TAN) tanked over 10% on renewed Senate proposals to phase out all credits by 2028, sparking massive sell-offs across the board. In a surprise turn of events, on July 1, lawmakers scrapped a looming excise tax on foreign-made panels. Many experts, though, called it a temporary reprieve, resulting in a snapback for most beaten-down names in the solar sector. Yet the broader threat remained alive, with long-term credits expected to be phased out over the next three years. More Tech Stock News: Google's quiet AI win spells trouble for AmazonNvidia-backed stock sends a quiet shockwave through the AI worldVeteran Tesla analyst drops 4-word call Moreover, solar projects stand to struggle without fresh incentives or lower borrowing costs. In short, solar's fate has been mostly linked to policy tweaks and a make-or-break catalyst for this once-sunny sector. Solar stocks just got another gut punch, and this one's come straight from the top. On Tuesday, President Trump signed an executive order tightening the screws on solar and wind tax credits while doubling down on the One Big Beautiful Bill Act passed July 4. The order tells the Treasury Department to solidify the repeal of these credits and crack down even harder on what Trump deems "unreliable" wind and solar energy. The White House's statement makes clear that green subsidies are out, and U.S. energy "dominance" comes first. Naturally, Wall Street didn't take it well. Related: Solar stocks sent reeling by Congress Enphase Energy and AES Corp. led the S&P 500 losers early Tuesday, sinking 5.1% and 4.1%, respectively. NextEra Energy shed 3.8%, First Solar dropped 3.4%, and NRG Energy slipped 3.2%. Residential solar names, in particular, had it even worse. Sunrun tanked nearly 10%, Shoals Technologies fell 8%, and Array Technologies lost over 4%. Solaredge, another major solar inverter player, slid 3.8%. The new order is in line with a fresh deal President Trump's team has worked with the House Freedom Caucus, which effectively pushes for closer oversight of green energy perks. In exchange, the goal is to secure stronger backing for the broader spending plan. The numbers show the crippling impact. Under the previous law, developers could claim a 30% federal tax credit for solar through 2032. That window slams shut after 2026 unless projects have already broken ground or are complete by 2027. Without these subsidies, the capital will likely flee to other sectors with more predictable support, putting the clean energy space on thin ice. Related: Solar stocks' nightmare year just got a plot twist The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

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