Tag Archives: Commercial Solar

2020 Solar Trends: Opportunity Zones

Opportunity zones are certified low-income areas into which investors can deploy capital for value-adding projects, in exchange for federal capital gains tax and other advantages. 


In general, capital gains are incurred when selling an appreciated asset such as real estate or stocks.  The appreciated gain is taxed at a special rate, which is typically 15% to 20%.


By investing in opportunity zones an investor’s capital gains rate can be reduced by 50% to 75% depending on how long the investment is held.  


Opportunity zone funds can be used for solar, microgrids, electric vehicle charging stations, and energy storage.


Another benefit, Investors will not be taxed on any capital gains incurred from a project if they hold that property or asset for a decade or more.


There are 8,760 opportunity zones in all 50 states.

 

2020 Solar Trends: Xcel Solar Rewards Program

Xcel’s Solar*Rewards® program provides a financial incentive for residents, businesses and public entities to install solar power. Annual payments are made to the owner of the solar system in exchange for Renewable Energy Credits (RECs) produced by solar.  This is known as a performance-based incentive or PBI.


Xcel customers also qualify for Net Metering up to 1 megawatt AC (or enough power for roughly 200 homes).  If you generate more than you need, the extra energy is added to the grid, and any excess energy will be credited to your bill. 

Additionally, there’s a specific sub-program for under-resourced communities and income-qualified multi-family.


It is important to note that small commercial incentives levels are decreasing.


Also, large projects qualify for a separate bill-credit mechanism called capacity credit program or ELPC which was strengthened in 2019.

 

2020 Solar Trends: Minneapolis Green Cost Share Program

The City of Minneapolis is offering an incentive to install solar: the Green Cost Share Program. Qualifying projects will be compensated based on the solar array’s projected first year kilowatt hour production, up to $50,000.  Funding ranges from $.20 to $.40.


Priority will be given to buildings in designated Green Zones and to buildings that are participating in the 4D Affordable Housing Program.


Worth noting, projects receiving funding will require prevailing wage.

 

2020 Solar Trends: Corporate Solar

Major corporations are really stepping up and making a commitment to sustainability and clean energy! Industry leaders like Target, Walmart, IKEA, and Cargil have decided to leverage solar to benefit their business and the environment. 

 

Additionally, real estate investment trusts are also getting in the mix. Earlier this year, we announced two new projects with STAG where we are leasing their roofs for community solar projects!

 

2020 Solar Trends: National Price Trends

Good news, from a high level view, is that there’s continued downward pressure on system pricing. There are, however, several factors that are working against this trend and increasing cost.


Tariffs are a major factor. In 2018, the US international trade commission levied an import tariff on solar products, which phases down over four years.  This has increased panel prices compared to the rest of the world by as much as 60%.

 

 

2020 Solar Trends: ITC Update!

The investment tax credit, also known as the federal solar tax credit, allows you to deduct 30 percent of the cost to install solar from your federal taxes. 


The residential and commercial solar ITC has helped the U.S. solar industry grow by more than 10,000% percent since it was implemented in 2006, with an average annual growth of 50% over the last decade alone.

On December 17th, 2019, we learned that the federal tax extenders bill would not include an extension of the ITC, despite solar’s bi-partisan popularity.

Without the extension, the credit will phase down as outlined in congress’ 2015 compromise:

30% = 2019
26% = 2020
22% = 2021
10% thereafter, for Commercial projects only

Your solar project must be energized to qualify for that year’s tax credit rate.


There are safe harbor provisions that allow projects to start in a given calendar year and still qualify for that year’s rate, typically by spending at least 5% of the projects cost and starting construction activities.

 

 

2020 Solar Trends: PACE Financing

We are counting down the top ten solar trends that you need to be aware of going into 2020! It’s day two and we are talking changes to PACE financing & tips on how to make it work for you and your business!

PACE has several distinct advantages in that it is typically not considered debt on the balance sheet, and can be shown as owner equity similar to a mezzanine financing on new construction.

 

 

Upcoming Commercial Solar Power Hour at Topgolf Minneapolis

 

We’re hosting our next Commercial Solar Power Hour at Topgolf! Join us for golf, food, drinks, and an expert-led solar discussion.

Join us at Topgolf in Brooklyn Center for some golfing, tasty food & drinks, and expert-led discussions on 2020 solar trends and the impact they will have on the commercial real estate and commercial roofing industries.

Discussion topics will include:

• Recent changes to Minnesota’s PACE financing program.

• How federally designated Opportunity Zones can unlock new resources to support solar investment.

• How rooftop community solar leases can generate upwards of $250,000 in revenue for property owners.

• How to evaluate a commercial building’s solar potential when looking to buy.

Your ticket provides you entrance to the event, access to golfing bays from 3:30 p.m. – 5:30 p.m., and complimentary food & beverages.

 
Get Tickets!

 

About the Venue

Welcome to Topgolf – the premier entertainment destination in Brooklyn Center. No matter the occasion or who you share it with, we believe that every great time starts with play, is fueled by food and drinks, moved by music and all made possible through community.

Here at Topgolf, we’ve made socializing a sport through a blend of technology and entertainment – and that’s just the game! If you journey through our venue on any given day, you’ll find a place buzzing with energy. Every Topgolf features dozens of climate-controlled hitting bays for year-round comfort with HDTVs in every bay and throughout our sports bar & restaurant.

When it comes to our eats, we know that amazing food and beverage is at the heart of any great social gathering. We take it pretty seriously. That’s why at our Topgolf Minneapolis restaurant, you will find an accomplished Executive Chef and experienced team, using high-quality ingredients to deliver a fresh twist on familiar favorites. The way we see it, we’re not just a place to play, we’re one of the best places to eat in the Brooklyn Center, MN area.

Commercial Solar Power Hour at Surly Brewing

IPS Solar is hosting another Commercial Solar Power Hour at Surly Brewery this September! This time around the focus will be on solar and commercial real estate. 

Join us on Tuesday, September 18th from 4pm – 7pm for some tasty appetizers and great beer in Surly’s Scheid Hall Room. Network with fellow professionals and learn about how solar power is shaking up the commercial real estate industry. Our Chief Development Officer, Eric Pasi, will be talking with Max Currie, Principal and Construction Manager at Suntide Commercial Realty, about why Suntide chose to adopt solar and what other commercial real estate groups should consider when evaluating renewables. 

Learn More about Commercial Solar

Tickets are just $15 and include free access to Surly’s large collection of tap beer and food options. Tickets are limited so head over to our event page to secure your spot now! 

Get Your Ticket

Upcoming Commercial Solar Power Hour at Topgolf Minneapolis

 

Welcome MNCAR attendees! We’re hosting our next Commercial Solar Power Hour at Topgolf! Join us for golf, food, drinks, and an expert-led solar discussion.

Join us at Topgolf in Brooklyn Center for some golfing, tasty food & drinks, and expert-led discussions on 2020 solar trends and the impact they will have on the commercial real estate industry.

Discussion topics will include:

• Recent changes to Minnesota’s PACE financing program.

• How federally designated Opportunity Zones can unlock new resources to support solar investment.

• How rooftop community solar leases can generate upwards of $250,000 in revenue for property owners.

• How to evaluate a commercial building’s solar potential when looking to buy.

Your ticket provides you entrance to the event, access to golfing bays from 3:30 p.m. – 5:30 p.m., and complimentary food & beverages.

MNCAR attendees get in free! Use the code: solar100 at checkout

 

Get Tickets!

 

About the Venue

Welcome to Topgolf – the premier entertainment destination in Brooklyn Center. No matter the occasion or who you share it with, we believe that every great time starts with play, is fueled by food and drinks, moved by music and all made possible through community.

Here at Topgolf, we’ve made socializing a sport through a blend of technology and entertainment – and that’s just the game! If you journey through our venue on any given day, you’ll find a place buzzing with energy. Every Topgolf features dozens of climate-controlled hitting bays for year-round comfort with HDTVs in every bay and throughout our sports bar & restaurant.

When it comes to our eats, we know that amazing food and beverage is at the heart of any great social gathering. We take it pretty seriously. That’s why at our Topgolf Minneapolis restaurant, you will find an accomplished Executive Chef and experienced team, using high-quality ingredients to deliver a fresh twist on familiar favorites. The way we see it, we’re not just a place to play, we’re one of the best places to eat in the Brooklyn Center, MN area.