As the U.S. Senate debates potential changes to clean energy provisions in the reconciliation bill, NovaSource Power Services joins the renewable industry community, our customers, partners, and advocates in urging policymakers to preserve the federal tax credits that have become the backbone of America’s clean energy growth.
For decades, incentives, like the Investment Tax Credit (ITC), have driven down costs, attracted capital, and propelled renewable energy into one of the nation’s most dynamic economic sectors. With more than 30 GW of assets under management, NovaSource sees firsthand how smart policy enables strong project performance and long-term asset optimization.
The Stakes for Energy Transition
The clean energy revolution thrives on policy stability. Federal tax credits have laid the foundation for a more affordable, resilient, and intelligent energy system. As discussions unfold in Washington, NovaSource remains dedicated to:
- Advocating for the industry’s needs as a valued member of SEIA
- Empowering our customers with actionable insights
- Optimizing assets to navigate uncertainty
“Smart policy enables smart operations, stated Irfan Bharde, SVP & Chief Commercial Officer at NovaSource Power Services. As a global leader in O&M and lifecycle support for solar and storage, we are committed to providing the data, insights, and operational stability our customers and partners. Through our deep O&M expertise, digital tools, and total asset optimization model, NovaSource is helping ensure that clean energy projects remain viable, resilient, and productive, even amid shifting market and policy conditions”.
Preparing for What’s Next
NovaSource is deepening its U.S. commitment through expanded technical services, workforce training, and digital innovation, ensuring rapid adaptation to market and policy changes. For asset owners, proactive measures, like O&M planning, supply chain preparedness, and commissioning, can safeguard eligibility for existing credits under current IRS guidelines (which require just 5% of CAPEX investment before legislative changes).
Policy shapes progress, but preparedness ensures persistence. Together, we can champion solutions that keep clean energy moving forward. In this time of uncertainty, total asset optimization isn’t just operational excellence, it’s strategic foresight. NovaSource’s end-to-end model helps projects maintain compliance, maximize uptime, and secure their financial future amid evolving landscapes.
About NovaSource Power Services
NovaSource Power Services (“NovaSource”), a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, is the world’s largest independent solar operations and maintenance (“O&M”) provider, delivering excellence through data-driven strategies, innovative solutions, and a world-class culture of safety, integrity, and quality.
NovaSource’s comprehensive approach to total asset optimization in addition to operations and maintenance includes value engineering, performance analysis, strategic supply chain management, and advanced monitoring systems. The company operates in key global markets and across most U.S. states managing over 30GW of solar power plants. NovaSource’s expertise extends beyond solar and includes battery energy storage systems (BESS), offering a complete suite of services for the evolving renewable energy landscape. For more information about NovaSource Power Services, please visit www.novasourcepower.com or follow @NovaSourcePower on LinkedIn
