Tag Archives: Commercial Solar

Meyers Printing Goes Solar

 

On October 16th Meyers unveiled their new solar array at their headquarters in Minneapolis, MN in partnership with Impact Power Solutions (IPS). Since 1949, Meyers has been known for creating innovative print materials to support retail marketing. Meyers recently announced that they’re committed to obtaining all electricity from carbon-free sources by the end of 2021 to dramatically reduce carbon emissions. 

Environmental Impact

The 128-panel array will produce roughly 50 kWh per year, enough to power 5 average Minnesota homes. Over the next 30 years, the solar panel system will offset nearly 1,400 tons of CO2, equivalent to the carbon sequestered by roughly 1600 acres of trees.

System Information

  • 128 Panels
  • 48.64 kW System Size
  • 89,465 pounds of Co2 Offset Per Year
  • 57,395 kWh of electricity Generated Per Year
  • View More

“Companies are often forced to choose between doing the right thing for sustainability and offering cost-effective solutions. We realized this could be done so efficiently that it might even lower our long-term costs. As a result, our customers won’t see any price increases as we move ahead with this plan.” – Chris Dillon, President, Meyers

Why Did Meyers Choose Solar Energy?

Making the decision to move forward with a commercial solar array isn’t always an easy one, but for Meyers, the decision was made clear by scientific consensus and their initiatives for sustainability. 

“Brands and retailers are more focused on sustainability than ever before. Sustainability has become a mantra that drives consumer behavior. And, we’re proud to serve customers and partners that are similarly committed to safeguarding our collective future by heeding the scientific community’s warnings and calls to action. This means everything from using 100% post-consumer waste (PCW) materials to reducing their carbon footprint, including the carbon footprint of their entire supply chain.” – Mike Lane, CEO, Meyers

The decision to make the switch to solar allows Meyers to take another step toward sustainability, save thousands in overhead costs, and allows their stakeholders an opportunity to feel involved in making an impact on climate change.

Congratulations, Meyers!

From the project’s inception to completion, it’s been an absolute pleasure to work with our partners at Meyers. IPS is available to assist businesses and organizations in answering questions about solar energy. Interested businesses and organizations can contact us to learn more.

 

Net Metering: What is it & why does it Matter?

What is Net Metering?

Net metering allows solar system owners to send extra energy they produce into the power grid. So if the system produces more than what they use, the energy sent into the grid is credited. Basically meaning their electric meter runs in reverse. 

 

But Don’t be Fooled.

The promise of earning additional income from the practice is nearly a myth. While it provides FANTASTIC credits & savings to your bill, your system usually won’t produce more than you use.

 

Why is it Important?

  • Firstly, it allows you to save more on utility bills with clean energy.
  • Secondly, it increases the amount of energy that the utility grid receives from renewable sources. 
  • Thirdly, it protects the power grid, allowing utilities to better manage peak loads.
  • Lastly, it increases clean energy demand, creating jobs. 

 

A Brief History of Net Metering

Beginning in the late ’70s, Steven Strong installed 2 solar systems, but he forgot to tell the utility company that his system fed excess power into the power grid.

Fortunately, it all worked, and as a result, several officials from the state and utility company were invited to the grand opening of the projects. As a result of hearing the state officials applaud Strong’s innovation, the utility company ultimately shared their praise. 

After a very positive PR response, clean energy companies across the US adopted the practice. Later on, Strong won several awards from federal agencies and was dubbed “Hero of the Planet” by Time Magazine. 

 

US States/territories with Net Metering Laws

In our home state of Minnesota, clients are only billed for their net usage. When excess energy is generated during the day, the utility company has to pay the market rate when crediting their bill.

Source: (Solar Power Worlddsireusa.org)

 

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  • Alaska
  • American Samoa
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Guam
  • Iowa
  • Kansas
  • Maine
  • Maryland

 

  • Massachusetts
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma

 
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • U.S. Virgin Islands
  • Vermont
  • Virginia
  • Washington
  • Washington, D.C.
  • West Virginia
  • Wisconsin
  • Wyoming

Impact Power Solutions is happy to provide solar development services in Minnesota and across the Midwest. If you’re ready to start saving with solar, feel free to contact us or get a quote.  Being the #1 solar developer in the Midwest, our process has constantly improved for over 25 years to meet your needs. 

Meet Saint Paul’s Largest Commercial Solar Array

On August 4, 2020, in partnership with Impact Power Solutions, Vomela unveiled its new solar-powered corporate headquarters in Saint Paul, Minnesota.

Who Does the Commercial Solar Array Belong to?

Vomela is known for transforming ideas into memorable brand experiences through print media, offering a full spectrum of services to companies ranging from major retailers to local businesses since 1947. The industry leader moved to their new 300,000 square foot headquarters in the East Side of St. Paul in 2019, and regularly contributes to sustainability and making an impact

What Impact Will the Commercial Solar Array make on the Environment?

The 3,408 panels will produce roughly 1,600,000 kWh per year, enough to power 131 average Minnesota homes. Over 30 years the solar panel system will offset nearly 36,000 tons of CO2, the equivalent of adding over 44,000 acres of trees to our forests.

  • 3,408 Panels
  • 1.3 Megawatt System Size
  • 2,400,000 Lbs of Co2 Offset Per Year
  • 1,483 Acres of Forest Preserved Per Year
  • 1,606,500 Killawatt Hours Generated Per Year

 

“It’s good news for our environment, it’s good news for our children, it’s good news for our lungs, and it’s good news for our future.” –Melvin Carter, Mayor of Saint Paul

Why Did Vomela Choose Solar Energy?

Making the decision to move forward with a commercial solar array isn’t always an easy one, but for Vomela, the decision just made sense.

“Where many companies used to ask “Why solar?”, the answer has become “Why not?”

The decision to make the switch to solar allowed Vomela to take another step toward sustainability, save thousands in their overhead costs, and allowed everyone to feel involved in making an impact on climate change. 

Congratulations, The Vomela Companies!

“Vomela has also been a great partner, and very smart about energy. They understand that solar makes them more competitive. Working with visionary teams like Vomela typically leads to successful outcomes.” – Eric Pasi

From the project’s inception to completion, it’s been an absolute pleasure to work with our partners at Vomela. We’re always happy to be a resource to help companies realize the potential of commercial solar for their business, and to build a better future by providing access to renewable energy.

If you’re ready to make an impact on the environment and your overhead costs, visit our projects page to learn more and get a quote today to get started.

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. Monthly 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.