Our expert team will help you navigate the myriad solar incentives available to businesses today including the federal investment tax credit, renewable energy credits, and accelerated depreciation. Right now most central Appalachian businesses qualify for tax credits covering 40-60% of a project’s total cost.
What are the current tax incentives?
Will solar save us money on Day 1?
If you’re looking for immediate, day 1 bill savings with no upfront cost, then a Power Purchase Agreement (PPA) might be a good fit. With a PPA, we can save you 10 – 20% out the gate. For businesses looking to own their system outright, there are lots of variables that play into your day one savings.
What are the current grant opportunities?
The USDA REAP Grant (Rural Energy for America Program) is available to many small businesses and farms across central Appalachia. It’s a competitive grant that can cover a significant percentage of the total project costs. Our expert team will guide you through the entire application process. To date, we have a 100% approval rating on REAP grant applications.
2 WAYS TO SAVE WITH SOLAR:
OUTRIGHT SYSTEM PURCHASE OR POWER PURCHASE AGREEMENT
Whether you choose to purchase your system outright, or opt for a Power Purchase Agreement, you’re getting the same quality panels and inverters installed by the same highly skilled union workers. The systems and the amount of energy they’ll produce are exactly the same —the difference is only in the financing and ownership model.
FAQ’s:
Outright Purchase
Outright Purchase
We sell net-metered solar systems to any business, church, school, government organization, or nonprofit that’s interested in making the most of their solar investment. Purchasing works best for organizations that can afford to pay for the system outright or who can secure their own financing. We find that small business owners are the most likely customers to choose purchasing over a Power Purchase Agreement.
Purchasing generally delivers the greatest lifetime savings. And there are some incredible tax incentives and grant programs available right now that significantly offset costs – in some cases, nearly the entire cost of the system!
Thanks to the IRA, tax benefits are now transferrable! In other words, you can sell any tax benefits that exceed your own tax appetite. What’s even more? Solar Holler will broker the sale of them on your behalf!
YES! YES! YES! Learn more about how the Direct Pay process works here.
FAQ’s:
Power Purchase Agreement
Oak Tree Farm Goes Solar with Solar Holler
We were able to offset nearly 100% of Oak Tree Farm’s energy consumption with a 1,400+ panel array at no upfront cost to their business! Ultimately, the reduction in energy costs will allow for expanded operations at the farm, which means hiring more West Virginians and bringing more food production back to the state.
In 2023 alone, we applied for REAP support for 64 solar projects in central Appalachia. […]
Wayne, WV — November 29, 2023 — Today, West Virginian solar installer and developer, Solar […]