Solar for your Commercial Property

The Inflation Reduction Act has brought about a remarkable change. It has presented Federal Tax Credits for Solar that, in some situations, double the previous benefits. This is something we’ve never witnessed before. The benefits are significant. Many of our clients are seeing a 50% reduction in their tax burden thanks to these credits. But it gets even better. When you factor in depreciation, these tax credits could cover up to 75% of the cost of a solar system. There’s more good news. The Department of the Treasury has guided how to maintain these tax credits. They’ve also shared information about various add-ons that can further enhance your savings. Don’t miss out on this unique opportunity. We’ll help you determine if your site can benefit from these fantastic tax credits. This could be a once-in-a-lifetime chance to save big while contributing to a greener future.

Tax Breaks Explained

The investment Tax Credit has been increased from 26% to 30%, and may now be transferred or sold to other taxpayers. The 30% applies to both business and residential projects, including projects installed in 2024, and will last until the end of 2032.

Energy storage projects were previously ineligible for tax credits unless they were connected directly to solar power projects. The Inflation Reduction Act removes these requirements and allows energy storage projects to receive the same 30% tax credit, even if they are stand-alone facilities. Batteries connected to a solar power project will continue to qualify for the credit, even if they are no longer being charged by solar power.

Interconnection costs will also be included in the tax credit, for projects smaller than 5 MWac.

Domestic content – 10% tax credit adder

Solar power projects eligible for the full 30% tax credit can increase their tax credit by an additional 10% – to 40% in total – by purchasing domestically produced hardware. Per the document, 100% of steel and iron must be US-manufactured in the United States. For manufactured goods – like solar panels, inverters, and electrical gear – the goods must initially be 40% US manufactured, though this percentage will increase in the future.

Project siting – 10% tax credit adder

Projects that are located in former ‘energy communities’ can earn an additional 10% tax credit. Energy communities are first defined as brownfields, and secondly as locations associated with fossil fuels over the last generation.

If there have been significant extraction jobs associated with coal, oil, or natural gas after December 31,1999, then the census tract – and its connecting census tracts – are eligible. If a coal power plant or mine has closed in the same window, the area and its surrounding tracts are also eligible.

Clean electricity production credit

For a long time, the wind industry has been given a tax credit on a per kilowatt-hour basis. Prior to 2007, the solar industry was also eligible for this production credit. The Production Tax Credit is now fully applicable to the solar power industry. This document, it is titled the ‘Clean Electricity Production Credit’.

If a solar power project meets the prevailing wage requirements, then it will receive a tax credit of 2.5 cents/kWh for the first ten years of the project’s life. If a project does not meet prevailing wage standards, it will earn only 0.3 cents/kWh before adjustment for inflation. Going forward, the production credit increases as it is adjusted for inflation.

60% tax credit opportunity?

There is also a 10% adder for solar power projects that sell their electricity via community solar projects to low-income individuals. If we add the 30% tax credit base, 10% for domestic content, 10% for being located in a former fossil fuel energy community, and 10% for selling the electricity via community solar to low-income families – the tax credit could potentially reach 60%.

As a turn-key installer, Second Generation Energy will manage the process of getting your solar system installed so you can take full advantage of all the Tax Credits as well as REC incentive Payments. 

As you witness the eclipse, consider how much energy the sun provides us!

As you may already know, today marks a celestial event that captures the imagination of people worldwide – a solar eclipse. While the moon briefly obscures the sun, casting a shadow across our planet, it’s a reminder of the incredible power our star holds.

At SGE Solar, we’re all about harnessing the power of the sun every single day, not just during astronomical phenomena. As you witness the eclipse, consider how much energy the sun provides us, and how you can tap into this abundant resource to power your home or business sustainably.

Don’t let today’s eclipse be just a momentary spectacle. Let it be a catalyst for change, inspiring you to embrace renewable energy and make a positive impact on our planet.

If you’re interested in learning more about how solar energy can benefit you, we’re here to help. Our team of experts can provide you with a personalized consultation and guide you through the process from start to finish.

Harness the power of the sun and illuminate your life with solar energy. Contact us today to take the first step towards a brighter, more sustainable future.

Why Now Is the Time to Go Solar

In recent years, the adoption of solar energy has surged dramatically as individuals and businesses seek cleaner, more sustainable alternatives to traditional fossil fuels. While this shift towards solar power is undoubtedly commendable for its environmental benefits, it also poses unique challenges to utility infrastructure, particularly to transformer capacity.

As more and more households and businesses install solar panels on their rooftops or invest in larger solar farms, the strain on utility transformers has become increasingly apparent. Transformers are crucial components of the electrical grid, responsible for stepping up or down voltage levels to ensure the safe and efficient distribution of electricity. However, the growing prevalence of solar installations has led to instances of transformer overloading, where the electricity demand exceeds the transformer’s capacity to handle it.

Unlike traditional power sources such as coal or natural gas, which can be controlled and adjusted based on demand, solar energy production is dependent on factors like weather conditions and time of day. This unpredictability can result in sudden surges of solar energy being fed back into the grid, potentially overwhelming transformers designed for a more predictable flow of electricity.

In some cases, overloaded transformers may need to be replaced or upgraded to accommodate the increased demand for electricity, a process that can be time-consuming and costly for consumers.

Given these challenges, there has never been a more compelling time to embrace solar energy and reduce our reliance on traditional power sources. By investing in solar panels now, before your local transformer reaches its capacity limits, you can help alleviate the strain on the grid and contribute to a more stable and sustainable energy future.

Moreover, going solar offers numerous benefits beyond just easing the burden on utility transformers. It allows individuals and businesses to reduce their carbon footprint, lower their electricity bills, and gain energy independence. With advancements in solar technology and declining installation costs, solar power has become increasingly accessible and cost-effective for homeowners and businesses of all sizes.

The rise of solar energy presents both opportunities and challenges for our energy infrastructure. While the transition to solar power is essential for combating climate change and reducing our reliance on fossil fuels, it also requires careful planning and investment in upgrading and modernizing the grid. By going solar now, you can not only take advantage of the numerous benefits of clean energy but also help mitigate the risks of transformer overloading and ensure a more resilient and sustainable energy future for generations to come.

What are Renewable Energy Certificates?

In Massachusetts, Solar Renewable Energy Certificates (RECs) are a key component of the state’s renewable energy program, particularly for homeowners who install solar panels. Here’s a breakdown of how they work:

  1. Generating Solar Power: When a homeowner installs a solar energy system (from SGE Solar) on their property, they generate electricity from the sun. This solar power can be used to offset the homeowner’s electricity consumption from the grid.
  2. Renewable Energy Certificates (RECs): For each megawatt-hour (MWh) of solar electricity generated, a corresponding REC is created. RECs represent the environmental benefits of producing renewable energy. One REC is issued for every MWh of electricity generated by an eligible renewable energy source.
  3. SREC Program: Massachusetts has a Solar Renewable Energy Certificate (SREC) program to promote solar energy generation. Under this program, homeowners can earn SRECs for the solar electricity they produce.
  4. SREC Trading: Homeowners can sell their SRECs on the open market. The value of SRECs is determined by market forces and varies over time. Typically, SRECs are sold to utilities or other entities that need to meet renewable energy targets.
  5. Renewable Portfolio Standard (RPS): Utilities in Massachusetts are required to obtain a certain percentage of their electricity from renewable sources, as mandated by the state’s Renewable Portfolio Standard (RPS). By purchasing SRECs, utilities can meet their RPS obligations.
  6. Financial Benefit: Selling SRECs can provide homeowners with a significant financial benefit, helping to offset the upfront cost of installing a solar energy system. The value of SRECs depends on market conditions and the demand for renewable energy certificates.
  7. Compliance and Reporting: Homeowners participating in the SREC program must comply with reporting requirements to ensure that the renewable energy they generate is accurately accounted for and that the corresponding SRECs are properly issued and traded.

Overall, SRECs play a crucial role in incentivizing solar energy generation in Massachusetts and are an important tool for homeowners looking to go solar. Contact us today to take full advantage of the incentives in Massachusetts. SGE Solar also installs in New Hampshire and Rhode Island.

Exploring Solar Panel Options

As we step into an era of sustainable living, the decision to adopt solar energy is not just about harnessing renewable power but also making a choice that profoundly impacts both the environment and homeowners’ finances. The right solar panel selection is crucial, serving as a gateway to a greener future and providing tangible economic benefits for those who embrace solar technology.

Environmental Benefits: Solar panels generate electricity by harnessing the sun’s energy, a process that produces no greenhouse gas emissions. Opting for solar power reduces reliance on fossil fuels, contributing to lower carbon footprints and mitigating the effects of climate change. By choosing the right solar panel, homeowners actively participate in the global effort to transition to cleaner, sustainable energy sources.

Economic Advantages: The economic benefits of solar energy extend beyond merely saving on electricity bills. Many governments and local authorities offer incentives, tax credits, or rebates to encourage solar adoption. Homeowners investing in solar panels can experience a significant reduction in their electricity costs over time, leading to substantial long-term savings. Additionally, the resale value of solar-equipped homes tends to be higher, attracting environmentally conscious buyers and positioning solar as a sound financial investment.

In essence, selecting the right solar panel isn’t just a choice for today; it’s a commitment to a more sustainable tomorrow and a strategic financial decision that empowers homeowners with both environmental stewardship and economic resilience.

Here at SGE Solar, we offer every product available on the market including QCells Q.Tron BLK, Maxeon, Rec Alpha Rec430 Pure R Series, Solaria Power X, Trina, Panasonic Panels, Silfab just to name a few.  Contact us today to get a free quote for your home!

Harnessing Sunshine: SGE Solar Illuminates the Path to Sustainable Savings in Massachusetts, Rhode Island, and New Hampshire

In an era where environmental consciousness meets economic pragmatism, the quest for sustainable energy solutions has gained unprecedented momentum. Here at SGE Solar, we’re a full-turnkey installer dedicated to empowering homeowners in Massachusetts, Rhode Island, and New Hampshire to not only reduce their carbon footprint but also slash their high electric bills.

The Power of Solar Energy:

  1. As the demand for clean energy solutions rises, solar power has emerged as a beacon of hope for eco-conscious homeowners. SGE Solar leverages cutting-edge technology to harness the power of the sun, providing a renewable and sustainable energy source that not only benefits the environment but also significantly reduces dependence on traditional electricity grids.
  2. Full-Turnkey Installation:SGE Solar stands out as a full-turnkey installer, offering a seamless and hassle-free experience for homeowners looking to make the switch to solar energy. From the initial consultation to the final installation, SGE Solar takes care of every step in the process, ensuring that customers can make the transition to solar power with confidence and ease.
  3. Savings Beyond the Horizon:One of the most compelling reasons to choose SGE Solar is the substantial savings it offers on high electric bills. By tapping into the virtually limitless power of the sun, homeowners can experience a drastic reduction in their monthly energy costs. SGE Solar’s customized solutions are designed to maximize energy efficiency, providing homeowners with long-term financial benefits.
  4. Regional Focus: Massachusetts, Rhode Island, and New Hampshire:SGE Solar’s commitment to transforming the energy landscape extends to the residents of Massachusetts, Rhode Island, and New Hampshire. By catering to the unique needs and regulations of these regions, SGE Solar ensures that homeowners can navigate the process seamlessly, taking full advantage of the abundant solar resources available in the area.
  5. Federal Tax Credit: A Beacon of Financial Incentive:In addition to the inherent savings, homeowners opting for solar installations with SGE Solar can also benefit from the 30% Federal Tax Credit. This substantial financial incentive serves as a powerful motivator, making the transition to solar energy not only environmentally responsible but also economically advantageous.
  6. Environmental Impact and Sustainability:Beyond the immediate financial gains, embracing solar energy with SGE Solar contributes to a healthier planet. By reducing reliance on fossil fuels and decreasing carbon emissions, homeowners play a pivotal role in fostering a more sustainable future for generations to come.

SGE Solar’s dedication to making solar energy accessible and affordable for homeowners in Massachusetts, Rhode Island, and New Hampshire is paving the way for a greener and more economically sound future. With the added advantage of the 30% Federal Tax Credit, the journey towards sustainable living becomes not only responsible but also financially rewarding. As SGE Solar continues to illuminate homes with the power of the sun, it invites homeowners to join the solar revolution and be part of a brighter, cleaner, and more sustainable tomorrow.

Solar Panels and Mini-Split system

Installing mini-split air conditioning systems along with solar panels can be a smart and energy-efficient choice for several reasons:

  1. Energy Efficiency:
    • Mini-split systems are known for their energy efficiency compared to traditional HVAC systems. They use inverter technology, which allows them to adjust their output based on the cooling or heating needs of the room, thus consuming less energy.
  2. Solar Offset:
    • Solar panels can generate clean and renewable energy from the sun. When you have solar panels installed, you can offset the electricity costs associated with running your mini-split system. This means that during sunny periods, the energy needed to cool or heat your space can be supplied by the solar panels, reducing your reliance on the grid.
  3. Environmental Benefits:
    • Combining solar panels with mini-split systems helps reduce the overall carbon footprint of your home. By utilizing renewable energy from the sun, you decrease the reliance on fossil fuels and contribute to a more sustainable and environmentally friendly energy solution.
  4. Cost Savings:
    • Over time, the combination of solar panels and energy-efficient mini-split systems can result in significant cost savings on your electricity bills. While the initial installation costs may be higher, the long-term savings and potential incentives or rebates can make it a financially sound investment.
  5. Off-Grid Capability:
    • In some cases, if your solar panel system is designed with energy storage (batteries), you may have the ability to operate your mini-split system even during periods of low sunlight or at night. This adds a level of resilience and potential for off-grid living.
  6. Zoning and Individual Control:
    • Mini-split systems often provide zoning capabilities, allowing you to control the temperature in individual rooms or zones. This can lead to more efficient use of energy, as you can heat or cool only the areas that are in use.

Before proceeding with such installations, it’s essential to conduct a thorough energy audit of your home to determine the appropriate size and capacity of both the mini-split system and the solar panel array. Additionally, local regulations, incentives, and the availability of sunlight in your area should be considered for optimal results. Consulting with a professional HVAC and SGE Solar can help you make informed decisions tailored to your specific needs and circumstances.

Commercial Solar in 2023

Going Solar in 2023

We’ve never seen anything like it.  The Inflation Reduction Act has enacted Federal Tax Credits for Solar that increase previous amounts by 100% in some cases.

Many of our clients are enjoying 50% tax credits.  When combined with depreciation, those tax credits result in tax shields covering 75% of a system’s cost.

The Dept of the Treasury has released guidance on the tax credits and various adders that create the pathway to retaining these tax credits

Call or email us now to set up your no-cost consultation and see if your site can capitalize on this once-in-a-lifetime opportunity.

Unprecedented Tax Breaks

The investment Tax Credit has been increased from 26% to 30%, and may now be transferred or sold to other taxpayers. The 30% applies to both business and residential projects, including projects installed in 2023, and will last until the end of 2032.

Energy storage projects were previously ineligible for tax credits unless they were connected directly to solar power projects. The Inflation Reduction Act removes these requirements and allows energy storage projects to receive the same 30% tax credit, even if they are stand-alone facilities. Batteries connected to a solar power project will continue to qualify for the credit, even if they are no longer being charged by solar power.

Interconnection costs will also be included in the tax credit, for projects smaller than 5 MWac.

  • Domestic content – 10% tax credit adder
  • Project siting – 10% tax credit adder
  • Clean electricity production credit
  • 60% tax credit opportunity?

Solar Battery Storage

Why install a solar battery? Batteries allow you to store solar energy and reduce your dependence on the grid. In turn, you use more solar power and fewer fossil fuels! How do solar batteries work? Most solar panel systems are connected to the grid and still rely on grid energy when they are producing below […]

All About Inverters

Definitions Before we dive into all the inverter details, here is a little refresher on how solar panels work. To generate electricity, sunlight shines on a panel and this panel converts the solar energy into DC current. This current flows to the inverter where the it converts DC current to AC current. Your home uses […]