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Inflation Reduction Act Solar Benefits

Inflation Reduction Act to Extend Solar Tax Credit for 10 Years

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Florida Solar Net Metering Bill Vetoed

Florida Solar Net Metering Bill Vetoed is a Big Win for Commercial Property Owners and Businesses

Florida Governor, Ron DeSantis, Vetoed House Bill 741, Eliminating the Cost Increase of Solar Energy for Commercial Property Owners

In a big win for solar energy, Florida Governor Ron DeSantis recently vetoed House Bill 741, which sought to phase down the value of solar net metering and allow utility companies to add fixed charges to solar customer bills. This victory, and the current Solar Investment Tax Credit (ITC), make this the best time to install solar on your commercial building.

House Bill 741 was originally passed on March 8 with a vote of 83-31. Now that it has been vetoed by the governor, the bill will be sent back to the House, where it will be available for consideration through the end of the current session. It will take two-thirds of the members voting in each House to override the veto.

The veto prevents a decrease in the amount paid to solar customers, which would amount to a small fraction of the retail rate. The phase-down would have reduced payouts to solar customers by 50% in four years and continue to drop to the avoided cost rate by 2029. The bill also would have allowed fixed charges to grid-connected solar customers beginning in 2026. The limit of these charges was not stated in the bill, opening the door for additional costs for solar customers when inflation is already high.

Read the letter from Govonor Ron DeSantis

26% Solar Tax Credit Available Until the End of 2022

If you are a commercial property owner who has been considering installing rooftop solar, now is the best time to make the switch. The veto of HB 741 keeps solar at its current rate, and the ITC is the highest it will be. The tax credit will remain at 26% until the end of the year when it will then drop four percent and continue its decline. This means that all solar energy projects that begin construction this year will be eligible to receive the 26% tax credit. The credit will drop to 22% in 2023 for all market segments, including commercial and residential, then down to 10% permanently for the commercial and utility markets in 2024. The tax credit for residential properties will come to a close in 2024. Commercial and utility-scale projects that have started construction before December 31, 2023, may still qualify for the 26% or 22% ITC if placed in service before January 1, 2026.

Safe Harbor Can Help Protect Your Solar Tax Credit for Five-Years

Additionally, the current 26% ITC can be protected for commercial solar projects completed up to five years into the future through a simple and prescriptive process called Safe Harbor. Our experts can help you understand how to protect this valuable tax advantage for your business.

Commercial Solar Project Return on Investment

The typical solar investment can see a return on investment (ROI) in five to ten years using the ITC and accelerated depreciation. Advanced Green Technologies value ROI based on energy consumption combined with intangibles such as preserving the rooftop and other additional benefits.

Get Your Free Solar Project Estimate Today

So, if you’re considering solar, give us a call as soon as possible to take advantage of the most savings this year. For a free solar site analysis, call (800) 638-6869 or click here.

 

Commercial Solar Energy Trends 2022

Solar Energy Trends for 2022

Learn About the Solar Energy Trends for Commercial Buildings and Businesses Located in Florida

As we wrap up the first quarter of 2022, we remain busy with solar installations throughout the state of Florida, with one of the most extensive backlogs we’ve ever experienced. The worldwide materials shortage continues to be a big problem, especially regarding pricing. We’re all seeing and feeling these cost fluctuations in our daily lives. As a company, we are having difficulty getting prices from manufacturers, so our contracts will note that materials pricing will be confirmed at the time of the order.

This worldwide shortage of raw materials has created many challenges for construction and solar, with everything considerably behind production schedules. We are working with all our customers to navigate these waters by using our purchasing power, longstanding relationships, and inventory to secure and stockpile items which put us in a better position than most. We can purchase and store materials to get them to you quickly with seven buildings throughout Florida.

We’re excited to welcome Julia Barton to our Business Development team at Advanced Green Technologies. Julia and the team are busy with a robust backlog of solar projects throughout Florida, and the demand for solar carports and roof systems is forecast to increase into 2023.

Demand for Solar Heating Up in 2022

Overall demand for commercial solar will remain strong for the next three years as the Solar Investment Tax Credit (ITC) phases down from 26% to 10% after 2023. The credit drops to 22% next year, so if you’re considering solar, give us a call as soon as possible to get the most savings.

There are a few new projects in the pipeline that we’re excited about, including a large-scale commercial battery energy storage system (BESS). We are also working on a few notable projects, including installing a solar roof at Mitsubishi Hitachi Power Systems America in Orlando. The 1.715 mW roof features Astronergy CHSM72M – HC 415W panels with a PanelClawFR ten racking and Canadian Solar 100KW inverters. The system has a potential energy offset of 13% of Mitsubishi’s total energy usage and will be completed in October of this year, so stay tuned.

We’re also breaking ground at four sites within the Seminole Tribe of Florida’s Big Cypress Reservation. The total 448.49kW system features a combination of a solar roof, carport, and ground-mounted arrays, using Chint inverters and a Flexgen Battery Energy Storage System (BESS) at each location. These systems are a first of their kind in Florida, with the ability to provide control over the utility grid, diesel generators, solar inverters, and the BESS at the same time.

The Tribe will have the ability to power its critical infrastructure in an outage, smooth-rolling brownouts (an intentional or unintentional drop in voltage in an electrical power supply system, used for load reduction in an emergency), and reduce utility demand without ever touching a button with the state-of-the-art Flexgen control system, batteries, and the AGT solar arrays.  The solar arrays will replenish the batteries daily in a long-term outage, providing long-term resiliency with the existing diesel backup generators.

Hurricane Season is Coming

Even though we just entered spring, our team is hard at work preparing for the upcoming hurricane season. This is the perfect time to have us inventory your roof to check for debris, drainage, etc. We will have materials on hand throughout the season, though I’m unsure how much. We may need to provide temporary patches before installing a permanent solution. Customers can rest assured that we will be on top of our game, as we’ve always been, getting your buildings safe as soon as possible.

Join us for our online webinar “Hurricane Season Preparedness: Are Your Commercial Rooftop, HVAC, and Solar Equipment Ready?” on May 5 from 11 am to 12 pm. We’ll go over tips to prepare your commercial roofing system, HVAC, solar energy equipment for a hurricane or significant storm, and more. Register here.

Looking Forward

As we know, it’s getting increasingly difficult to predict the future, but Florida’s economy continues to look bright, with lots of growth and money flowing into the state. Historically, as real estate prices increase, people spend more on their roofs. But the shortage of materials and labor will continue to be a challenge for our industry, one of the biggest I’ve experienced in the 40 years. The labor shortage continues with no end in sight, even as our company provides raises and expands its recruiting efforts beyond state lines.

These challenges will continue throughout 2022, with the first quarter of 2023 hopefully seeing some sort of normalcy with materials and pricing, so hang in there. As always, we will continue to provide exceptional customer service that hopefully makes navigating the challenges of these past few years a bit easier. Let’s make it a great rest of the year, hoping for a brighter and peaceful 2023!

Solar Investment Tax Credit Update 2022

The Solar Investment Tax Credit (ITC) 2022

Time is running out to save on solar for your commercial property and business

If you’ve been thinking of going green, now is the time to lock in the biggest savings. The solar investment tax credit (ITC) will remain at 26% until the end of the year when it will then drop four percent and continue its decline. This means that all solar energy projects that begin construction this year will be eligible to receive the 26% tax credit. The credit will drop to 22% in 2023 for all market segments, including commercial and residential, then down to 10% permanently for the commercial and utility markets in 2024. The tax credit for residential properties will come to a close in 2024.

Commercial and utility-scale projects that have started construction before December 31, 2023, may still qualify for the 26% or 22% ITC if they are placed in service before January 1, 2026. For information and to see if your project qualifies for this incentive, be sure to check the IRS-issued guidance.

Why Business Owners Should Invest in Solar

Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000% – creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy. For commercial property owners, solar benefits the bottom line with the ITC equal to 26% of the basis that is invested in an eligible solar property that has begun construction. But beyond the economic benefits, solar is the smart choice for our environment.

Benefits of Direct Ownership Over Shared Solar

Most businesses are looking to offset some or all of their electricity use with solar power, making solar an ideal economic and environmental solution. Simply put – solar is good business. Consumers and employees alike value sustainability now more than ever.

Property owners have a choice when it comes to investing in solar. The two most common choices are direct ownership through installing a solar panel system on your building, or a shared solar program that allows business owners to lease solar power generated by community grids without installing a system.

Direct Ownership Solar

Direct ownership, or installing a solar panel system at your commercial property, gives the owner complete control over their solar investment. Solar systems can be customized to your needs – you can power a percentage of your building’s electricity use, offset usage in common spaces, or provide car canopies and electric vehicle charging stations. One of the biggest benefits of direct ownership is the tax credit and rebates. In addition, a solar array investment often increases property values and generates an average return on investment in less than ten years.

Shared Solar Programs

A shared solar program allows home and property owners to subscribe to a solar energy project in their community. Participants receive a credit on their utility bill for their portion of the clean energy produced. While this is an easy way for businesses to go green without footing the upfront cost of installing solar panel systems, the availability of shared solar is limited, and businesses do NOT receive the benefits from ownership like tax credits or reduced energy costs.

Solar is an investment in the future of our state. Florida is leading the way in solar energy, ranking #4 nationally for solar. The typical solar investment can see a return on investment (ROI) in five to 10 years when using the ITC and accelerated depreciation. Advanced Green Technologies value ROI based on energy consumption combined with intangibles such as preserving the rooftop and other additional benefits.

Don’t wait any longer. Take advantage of the highest tax credit available for solar and get your project estimate today. For a free solar site analysis, call (800) 638-6869 or click here.

2021 Top Commercial Solar Contractor Florida

Top Commercial Solar Contractor Florida

Advanced Green Technologies Ranks as a Top Commercial Solar Contractor in Florida for the tenth consecutive year; #45 in the nation

Advanced Green Technologies was named the Top Commercial Solar Contractor ranking in the State of Florida for the tenth consecutive year, and 114th solar contractor in the nation by Solar Power World for 2021, the solar industry’s leading media resource.

See 2021 Top Solar Contractor Ranking

The top solar contractors’ list was created by Solar Power World to offer the industry an inside look at how solar companies stack up against one another. Starting with only 100 contractors in 2011 the list has grown to 500 in 2021and is compiled based on the total kilowatts installed for each of the company’s customers.

With more than 14 Megawatts installed in 2020, AGT leads the industry as the highest-volume commercial solar EPC in the State of Florida and 45th in the nation. To achieve this ranking, AGT completed many prominent projects last year, including a 2-Megawatt solar roof for Verizon in Lake Mary and the second-largest solar roof at the time of completion, 1.6 MW, in Doral, Florida for Costex Corporation.

Watch the Costex Solar Video

“We believe the Top Contractors list brings AGT a sense of pride to our team and visibility to our potential customers.,” said AGT Vice President Clint Sockman, “Today we are building for Fortune 100’s alongside small business owners and the pipeline is as full as ever.”

Utility and Fuel Price Increasing for Businesses in Florida

The demand for solar installations in Florida is strong, especially following recent rate increase announcements from utility providers starting in 2022. According to recent announcements, small and medium-sized business customers would see annual rate increases of 3.9% to 4.4% between 2021 and 2025, which equate to over 18% during this time period. Large commercial and industrial customers with more complex rate structures should contact their account managers for information about their rate adjustments.  With the 4% fuel increase we have already seen in May, combined, these increases could well exceed over 30% in total. One of the best ways businesses can offset some or all of their electricity use is by investing in solar, and there’s no better time than the present.

The Solar Investment Tax Credit Can Help Provide a Great Return on Investment

The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% this year, will remain at 26% for two more years. This means that all solar projects that begin construction this year and next will be eligible to receive the 26% tax credit. The credit will drop to 22% in 2023 for all market segments, including commercial and residential, then down to 10% permanently for the commercial and utility markets in 2024.

Contact AGT today for a complimentary solar project quote at 800-735-2641 or click here.

Everything You Need to Know About Solar Carport Structures

Solar Carport Structures

Learn everything you need to know about solar carport structures for commercial properties in Florida

Established in 2007, Advanced Green Technologies (AGT) is the top-ranked commercial solar contractor in Florida and specializes in the design, installation, and maintenance of solar energy systems for commercial and industrial customers in Florida. Below find answers to frequently asked questions about solar carport installations.

How long have solar carport solutions been around or are they a new invention?

Solar carports have been in the U.S. market for about 10 years, and we’ve been installing them in Florida for 7 years. We use traditional steel and concrete construction techniques, integrated with our solar design knowledge.

The solar carport market is growing fast in Florida because there’s a convergence of factors that make for solid ROI. It’s a timing issue – as the cost of utility power continues rising, the cost of solar installations continues coming down, solar installation costs continue to drop, and a federal tax credit of 26%. Solar carports also bring good visibility for companies that have a brand committed to being environmentally responsible

Would a typical solar carport use multiple types of solar panels, or just one?

Our carport is designed to showcase to our potential customers what can be done, so we have both an open deck solution and a full water management system designed on two halves of the carport.  Typically, the property owner chooses one type of design. The first option is open to sun and rain from above and rain simply drains thru the canopy while sunlight is captured as energy. The other type receives sunlight from above the panel but has a water management system consisting of a decking or gasket system creating a water management system below the panel. That keeps the carport dry, for more complete weather protection. We show both setups to give a sense of the esthetics of each.

Other options for carports include lighting systems, monitoring systems, linkage with a property owner’s security system, and car charging stations.

How much does a solar carport cost?

Every parking lot is different in scale and conditions, and every carport is completely customized, so it’s not really possible to generalize pricing.

Owners generally want to know about return on investment, and our carports have 5 to 10-year ROI. With energy costs and all factors considered, break-even will be between 7 and 10 years, and panels are warrantied to 25 years at 80 percent of original capacity. So that provides 15 to 18 years of energy benefits after break-even.

What maintenance do solar carports require?

Maintenance is minimal. Our carports provide owners with 24/7 online monitoring access to diagnostics of how the system is performing if it’s meeting energy metrics and any fault notices. Owners choose whether to monitor the system themselves or to have us do so. For preventive maintenance, we recommend they have an annual inspection, during which we check all mechanical settings and check thermal images of electrical connections.

Can a solar carport generate enough power for an office building in Florida?

It’s all about scale, and you can’t really generalize. In Advanced Roofing’s circumstance, our 84-kilowatt solar carport provides shelter from sun and rain for 16 cars, fully powers an office where 30-40 people work, and powers the carport’s 2 electric car chargers. (To clarify — the carport doesn’t charge all 16 cars.)

We were net exporters to the grid last month. In addition to the solar carport, we’ve moved toward energy efficiency in other ways too, including high-efficiency HVAC, LED lights.

Do solar carport’s produce energy on cloudy days?

In Florida, the way net metering works is to look at how much energy is produced and how much is consumed daily, during a month or year. On cloudy days we still produce some energy, and the daily variation is built into our energy modeling. Electric bills provide a net overproduction or underproduction total at the end of a month

Can you sell excess electricity back to the grid?

Yes, FPL has a net metering product. We’re interconnected to the grid and get credit on our bill from FPL when we send excess energy to the grid. For our carport customers, and ourselves we look to produce 80 to 90% of monthly needs since when you sell back to the grid, you only get 30 cents on the dollar.

Get Your Free Solar Carport Estimate Today

To receive a complimentary energy audit and site evaluation, contact us at 888-735-2641 or click here. 

Florida Utility Rates and Fuel Surcharges Rising in 2022

Florida Utility Rates and Fuel Surcharges Rising in 2022

Florida businesses could see a 30% price increase for energy in the next three year’s due to a combination of Utility base rate and fuel surcharge increases beginning in 2022

Businesses in Florida could see a 30% price increase for energy in the next three years due to a combination of utility base rate and fuel surcharge increases starting in 2022.

Utility customers in Florida have already begun to feel the pinch as an increase in the cost of natural gas has resulted in higher monthly electric bills since May. The state Public Service Commission recently approved a request by Utility providers to collect $302.5 million from customers to cover additional fuel costs for power plants. The additional charges will continue through the end of the year.

However, there are bigger, more long-term base rate increases on the horizon from Utility providers. To offset the rise in expenses and accommodate the state’s population growth, Utilities filed a four-year rate plan to raise customers’ monthly electric bills by 18% by 2025. Small- and medium-sized businesses will see bills increase at an average annual rate of 3.9% to 4.4% between 2021 and 2025. Large commercial and industrial customers with more complex rate structures should contact their account managers for information about their rate adjustments. With the 4% fuel increase we have already seen in May, combined, these increases could well exceed over 30% in total.

How Solar Can Offset Utility and Gas Rate Increases

One of the best ways businesses can offset some or all of their electricity use is by making a localized solar investment with a solar roof or carport system, and there’s no better time than the present. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% this year, will remain at 26% for two more years. This means that all solar projects that begin construction this year and next will be eligible to receive the 26% tax credit. The credit will drop to 22% in 2023 for all market segments, including commercial and residential, then down to 10% permanently for the commercial and utility markets in 2024.

For commercial property owners, solar benefits the bottom line with the ITC equal to 26% of the basis invested in eligible solar property that has begun construction. The typical solar investment can see a return on investment (ROI) in five to 10 years using the ITC and accelerated depreciation. Advanced Roofing and Advanced Green Technologies value ROI based on energy consumption combined with intangibles such as preserving the rooftop and other additional benefits. But beyond the economic benefits, solar is the smart choice for our environment.

With energy costs on the rise, now’s the time to grow your bottom line and increase your building’s value with solar. Call (800) 638-6869 for a free solar evaluation or click here.

Solar Tax Credit Extended Through 2022

Solar Tax Credit Extended Through 2022

Here’s why 2021 is the best time to invest in solar for your commercial property and business

If you’ve been thinking of going green, here’s some good news. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% this year, will remain at 26% for two more years. This means that all solar energy projects that begin construction this year and next will be eligible to receive the 26% tax credit. The credit will drop to 22% in 2023 for all market segments, including commercial and residential, then down to 10% permanently for the commercial and utility markets in 2024. The tax credit for residential properties will come to a close in 2024.

Why Business Owners Should Invest in Solar

Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000% – creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy. For commercial property owners, solar benefits the bottom line with the ITC equal to 26% of the basis that is invested in an eligible solar property that has begun construction. But beyond the economic benefits, solar is the smart choice for our environment.

Benefits of Direct Ownership Over Shared Solar

Most businesses are looking to offset some or all of their electricity use with solar power, making solar an ideal economic and environmental solution. Simply put – solar is good business. Consumers and employees alike value sustainability now more than ever.

Property owners have a choice when it comes to investing in solar. The two most common choices are direct ownership through installing a solar panel system on your building, or a shared solar program which allows business owners to lease solar power generated by community grids without installing a system.

Direct Ownership Solar

Direct ownership, or installing a solar panel system at your commercial property, gives the owner complete control over their solar investment. Solar systems can be customized to your needs – you can power a percentage of your building’s electricity use, offset usage in common spaces, or provide car canopies and electric vehicle charging stations. One of the biggest benefits of direct ownership is the tax credit and rebates. In addition, a solar array investment often increases property values and generates an average return-on-investment in less than ten years.

Shared Solar Programs

A shared solar program allows home and property owners to subscribe to a solar energy project in their community. Participants receive a credit on their utility bill for their portion of the clean energy produced. While this is an easy way for businesses to go green without footing the upfront cost of installing solar panel systems, the availability of shared solar is limited, and businesses do NOT receive the benefits from ownership like tax credits or reduced energy costs.

Solar is an investment in the future of our state. Florida is leading the way in solar energy, ranking  #4 nationally for solar. The typical solar investment can see a return on investment (ROI) in five to 10 years when using the ITC and accelerated depreciation. Advanced Green Technologies value ROI based on energy consumption combined with intangibles such as preserving the rooftop and other additional benefits.

Ready to grow your bottom line and increase your building’s value with solar? For a free solar evaluation, call (800) 638-6869 or click here.

 

Florida’s Largest Solar Roof Installation

Florida’s Largest Solar Roof Installation

Advanced Green Technologies Installs the Largest Privately Owned Rooftop Solar Array in Florida for Barrette Outdoor Living 2.35 Megawatts

Advanced Green Technologies (AGT) recently completed the installation of a massive rooftop solar array on Barrette Outdoor Living’s 200,000-square-foot manufacturing facility in Brooksville, Florida. This is currently the largest privately-owned solar project in the State of Florida, as of October 9th, 2020.

AGT designed and installed the 2.35-MWDC system. The array is comprised of 27 inverters, 6,354 solar panels, and is capable of producing more than 2,352,489 Watts (DC) of power output, offsetting approximately 81% of the facility’s electricity consumption.

Barrette Outdoor Living, which creates high-quality fencing, railing, and exterior products, initiated the project as part of its interconnection agreement for solar production with Duke Energy Florida to meet its sustainability goals. This is the company’s second plant to undergo a transition to solar power. In April 2019, Barrette Outdoor Living completed the installation of a 2.14-MWDC rooftop system at its 400,000-square-foot facility in New Jersey. The company plans to further decrease its carbon footprint by continuing to add solar panels to its other facilities in the coming years.

Read more at Solar Power World

AGT Named 2020 Top Solar Contractor of the Year

2020 Top Solar Contractor of the Year

Advanced Green Technologies Named Florida’s Top Commercial Solar Contractor for 9th Year in a Row by Solar Power World

Advanced Green Technologies (AGT), is honored to be recognized by Solar Power World magazine as the top commercial solar EPC company in Florida and ranked 153 out of 407 solar panel installation contractors in the nation on the magazine’s recently-released 2020 Top Solar Contractors list.

With more than 5.842 megawatts installed in 2019 and more than 250 megawatts installed to date, AGT leads the commercial solar EPC category in the State of Florida with the number one spot for the ninth year in a row. The recognition follows a number of large-scale solar panel installation projects AGT completed in 2019 including a 1.4 MW Solar Carport at United Therapeutics in Jacksonville, 24 solar roofs at the Beacon Hill Apartment Complex in Orlando, and 1 MW solar roof at JJ Taylor Distribution Center in Fort Myers.

In 2020, AGT is working hard to complete several high-profile solar panel installation projects including a 1.6-megawatt solar roof consisting of 4,022 panels the new headquarters for COSTEX Tractor Parts in Miami, Florida. The system can provide an annual savings of more than $200,000 per year. Another project highlight includes the installation of a 60-foot long solar canopy shade structure at the Concours Club in Miami to protect its luxury cars from the sun while producing 428,386 kilowatts of energy annually (the equivalent of powering 35 average U.S. homes for one year).

AGT continues to grow its presence in the state of Florida, recently acquiring a 32,000-square-foot office and warehouse in the Tampa Bay area that allows it to grow solar panel installation capabilities. The new facility will help support growth, adding new high in-demand jobs. The company established a Tampa presence in 2015, buying roofing contractor Roth Bros. of Florida. Since then, the contractor has added more than 40 jobs, bringing the area’s staff to over 70 roofing and solar employees.

The Top Solar Contractors list is developed by Solar Power World to recognize the work completed by solar contractors across the United States. Produced annually, the Top Solar Contractors list celebrates the achievements of U.S. solar developers, subcontractors and installers within the utility, commercial and residential markets, and ranks contractors by kilowatts installed in the previous year. The 2020 list was released on July 21.

See 2020 Top Solar Contractor Ranking

“We are beyond proud of the hard work the AGT team continues to do day in and day out to be the top installer of commercial solar EPC in the Sunshine State,” said AGT President Michael Kornahrens. “2020 has been a challenging year, causing issues from supply chain delays to tightening tax equity markets. Solar is critical to Florida’s future and AGT is committed not only to working hard to install more solar panels in the state, but also to be a leader in advocating for initiatives that stabilize our industry.”

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