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☆ JPMorgan says these renewable stocks will benefit most from selling clean energy tax credits
▼ + stars: | 2024-01-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Renewable energy companies are poised to benefit from a burgeoning market that allows them to sell clean energy tax credits, according to JPMorgan. The Inflation Reduction Act offers generous tax credits for renewable energy projects but many companies are struggling to fully take advantage of them. "We believe this transfer market, once ramped, will offer a potentially cheaper and more efficient way to monetize tax credits," Strouse wrote. The IRA offers renewable companies a range of tax credits for the electricity they produce, their investments in new projects, and the components they manufacture. The problem is that the tax credits are often substantially higher than project developers actual tax bills, according to JPMorgan.

Persons: Mark Strouse, Strouse, Omrat, Brookfield Organizations: JPMorgan, Altus, Brookfield Renewable Partners, Enlight Renewable Energy, Ormat Technologies, Bank of America, Bloomberg New Energy Finance, Technologies, Altus Power Locations: Altus Power, Flemington

☆ Parking lots are becoming as important as cars in climate change efforts
▼ + stars: | 2022-12-03 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +3 min

The parking lots where EVs recharge are a growing focus of construction efforts linked to climate change and carbon reduction. A law approved in France last month requires that parking lots with 80 or more spaces be covered by solar panels within the next five years. For the biggest parking lots, those with more than 400 spaces, three years has been granted to have at least half of the parking lot's surface area covered by solar. Similar renewable energy design ideas are expected to gain more market share in the U.S. if not necessarily through a federal mandate. The cost to install solar has dropped by more than 60% over the past decade, according to the Solar Energy Industries Association.

☆ This under-the-radar energy storage stock can get a 60% boost from Inflation Reduction Act, UBS says
▼ + stars: | 2022-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Expect tax credits from the Inflation Reduction Act to boost this little-known battery storage stock by more than 60% in the months ahead, UBS said. "STEM's high operating leverage business model is positioned to be a key beneficiary of the 30% stand-alone storage tax credit in the Inflation Reduction (IRA), in our view." Across the commercial battery storage sector, UBS anticipates a 34% compounded annual growth rate through 2030 driven by lower storage costs stemming from IRA tax credits and the consumer drive to trim energy expenses. He highlighted in a separate note to clients Altus Power 's strategic partnerships with both CBRE and Blackstone , which should offer low-cost access to both customers and capital. "We view Altus Power as a key long-term beneficiary of the IRA and more normalized solar supply chains in 2023 — CNBC's Michael Bloom contributed reporting

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