Section 48 of the Internal Revenue Code currently includes a 30% ITC for solar PV systems, fuel cells, small wind and some other technologies. The ITC allows those who install clean energy assets to subtract 30% of the project(s) value from federal income taxes owed. This 30% ITC significantly raises the economic value of renewable and clean energy projects -- both those pursued through capital purchase and those financed through leases, power purchase agreements, shared savings agreements, etc.
Articles tagged with: westchester
The ConEdison natural gas moratorium went into effect on March 15, 2019, affecting many towns in southern and eastern Westchester. This means if you are a resident or business-owner in the affected areas of Westchester, you will not be able to establish a new gas connection until the moratorium is lifted.
The ConEdison natural gas moratorium, which began in Westchester has now been expanded to include Brooklyn and Queens. It is restricting residents and business owners from establishing new gas connections due to constraints on the grid. In response to the moratorium, end users are searching for (and being incentivized to use) alternative technologies that reduce their dependence on natural gas. One such technology is the heat pump.
On January 17, 2019 ConEdison announced a natural gas moratorium for the more populated, southern portion of Westchester County. The moratorium went into effect on March 15, 2019. This means that ConEd will no longer accept applications for new natural gas connections, in most of their Westchester service territory - until they can more closely align customer demand with available supply. Existing customers are not affected, but service to new customers is now limited.