Tag Archives: Solar

Mounds View Solar Educator Workshop Recap

On Saturday, February 8th, we hosted our first Solar Educator Workshop of 2020 at Mounds View High School. We had a wonderful time helping over 20 teachers develop new solar curriculum to bring to their classrooms and STEM programs!

Our Education Director, Michael Cartwright (a physics teacher for over 20 years) leads the workshops with IPS as a part of our Sunrise Program

Our Sunrise Program provides FREE Training – presenting some data visualization tools, as well as offering insight about how to adapt solar lessons for your classroom.

Sunrise event attendees receive three hours worth of continuing education credits and Solar Activities Kits to use in their classrooms.

Interested in attending a future educators workshop? Subscribe to our newsletter to stay informed!

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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!

 

Solar Power World Gala – Photo Gallery

Check out some pictures from the 2019 Solar Power World Gala!

We were extremely honored to be awarded with the Greenest Contractor Award along with our industry rankings of #51 U.S. Solar Contractor, #12 U.S. Commercial Solar Developer, and the #1 Solar Developer in the Midwest!

The Greenest Contractor Award takes note of our commercial and community work were we promote pollinator-friendly solar gardens and help businesses meet their sustainability goals. However, it also recognizes how our company operates on a day-to-day basis to have a positive impact on the environment.

 

At its office, IPS Solar installed electric vehicle charging stations, available to customers and employees. Every lightbulb has been replaced with low-voltage LED lights. The office lobby façade is constructed entirely of local reclaimed wood. Every employee has a recycling bin at their desk, and single-use silverware and dishware is absent from the kitchen. In the field, IPS Solar couples solar gardens with pollinator-friendly plants and apiaries. And in the community, the company sponsors local environmental and renewable energy nonprofits and events, including Minnesota Interfaith Power & Light’s Climate Justice Night at the Museum. – Billy Ludt, assistant editor of Solar Power World

 

The IPS Solar team with SPW representatives

Jamie Borell (CEO) accepting SPW award

Pictured L to R: Jamie Borell (CEO), Laura Cina (Project Manager), Eric Hanson (Project Management Director), Ralph Jacobson (CIO), Kyle Wehnes (Marketing Director), and Eric Pasi (CDO)

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.

IPS Solar Announces Private Equity Investment & Changes to Key Executive Roles

Nationally recognized IPS Solar, ranked Minnesota’s top solar provider, takes on private equity investment

Poised for even more growth with new capital from SmartPitch
Ventures, IPS also announces changes to key executive roles

 

Minnesota-based IPS Solar, one of the fastest growing companies in the United States and one of the nation’s most enduring solar providers, is positioned to take on an even more prominent role in the national solar industry. IPS has formed a partnership with private equity firm SmartPitch Ventures (SmartPitch), taking on a significant capital investment through the newly formed entity called IPS Development LLC.

“This investment will enable IPS to take on an even more prominent role nationally,” confirmed Chief Development Officer Eric Pasi. “An expansion in renewable energy means more job creation locally and regionally, as well as nationally. It is also critical to addressing certain aspects of climate change.”

IPS is growing at mega-watt speed, having earned Solar Power World Magazine’s Top 500 Solar Contractor award for the last seven straight years, ranking 51 out of 415 solar companies on the magazine’s 2019 Top Solar Contractors list. IPS also received the magazine’s award for greenest contractor. The company’s board-certified project management team has installed and managed more than 1,500 projects in the upper Midwest.

Continued Pasi, “This investment, along with financial backing, will enable IPS to scale our project development efforts more quickly and efficiently. Also, the SmartPitch principals are former utility executives which will help us navigate the often tricky relationship between solar development and grid operations.”

SmartPitch is a leading later stage venture capital and private equity business focusing on disruptive technologies with a particular focus on energy. SmartPitch was founded by Gautam Chandra and Sanjiv Mahan, who have invested in and built national platforms in renewable energy, distributed generation, and competitive energy and technology businesses.

Headquartered in Fairfax, VA, SmartPitch partners with innovative founders and management teams to scale businesses entering their growth phase.

New executive roles announced

As part of this new structure, Jamie Borell moves from COO to the CEO position. Ralph Jacobson transitions from CEO to Chief Innovation Officer.

“I’m extremely excited to join forces with SmartPitch,” says Borell. “This move will enable IPS to expand our market opportunities and continue to be a top solar developer in the country.”

Agrees Jacobson, “I couldn’t have orchestrated a better transition. Jamie will assume CEO responsibilities and I will continue in an entrepreneurial role, scouting new opportunities for solar plus storage in the national market.”

Commenting on this new partnership, SmartPitch Founders Gautam Chandra and Sanjiv Mahan noted, “We are very excited about our investment in IPS Development. We look forward to working with the IPS team and growing the company into a national solar platform as part of our overall vision for growth in sustainable energy offerings.” SmartPitch will own a majority of this new partnership.

Impact Power Solutions, LLC (D.B.A. IPS Solar), a leading provider of solar power solutions, is focused on the development, installation and management of solar power systems for commercial, community solar and residential customers. IPS Solar delivers everything from five kilowatt residential arrays to multi-megawatt community solar gardens.

For additional information about IPS’s leadership in the solar power industry, visit http://ips-solar.com/.

Media Note: For additional information or to schedule an interview, contact Media Relations Agency at 952-697-5220.

Biography: Jamie Borell

Jamie Borell, is the incoming Chief Executive Officer at IPS Solar. He graduated from the University of Minnesota with a B.A in Political Science and a Masters of Public Policy from Humphrey School of Public Affairs. Before arriving at IPS, Jamie spent time as a project researcher for the MN Department of Employment and Economic Development.

While there, he researched and co-authored a report to the Minnesota Legislature on developing the hydrogen and renewable energy industries in Minnesota. In the 14 years he has spent at IPS, Jamie has participated in many different areas of the business including business development and the past 3 years as the Chief Operating Officer.

Biography: Eric Pasi

In 2007, Eric Pasi joined IPS Solar, a company with 15 years of renewable energy experience at that time. Since then, he’s helped to accelerate significant solar power development in Minnesota and the upper Midwest. Pasi has developed unique financing programs, won competitive opportunities, and jump started the company’s successful Community Solar Gardens program.

Since 2016, Pasi has helped the company grow annual gross revenues by ten fold. Recent notable projects include the Green Line Solar Corridor, 12 installations for Mounds View School District, and the Eichten’s Community Solar Garden in Chisago County.

Biography: Ralph Jacobson

Ralph is a NABCEP certified installer for both solar electric and solar thermal systems; one of only a few installers in Minnesota and Wisconsin who can make that claim. As former President of the Minnesota Solar Energy Industries Association (MnSEIA) Ralph worked with legislators, regulators, and utilities to craft state renewable energy policy.

Ralph went through a 1 -year solar training program in 1979, found that only partly prepared him for a career in solar energy, and went back to college and earned a BS in Materials Science and Engineering at the U of MN. There he got really excited about photovoltaics. For the past 25 years, he has been creating opportunities in solar for himself and others, by growing a business and serving on the boards of the MN Renewable Energy Society and the MN Solar Energy Industry Association. In 2014 Ralph was honored with a lifetime achievement award by MnSEIA for his long term commitment to renewable energy and the solar industry in Minnesota.

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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.