- August 29, 2024
- in Onsite Solar
- by Jesse Feinberg
- 3092
- 0
If you operate an energy-intensive industrial or manufacturing facility in Consumers Energy territory, onsite solar is likely to be an attractive investment. Our analysis shows that significant electricity users can expect a payback period of 6-7 years with a 9-10%+ IRR. Read on to understand more about which Consumers-specific variables are driving… Read more
Michigan is experiencing a period of unreliable electricity service, but onsite solar installations can help protect large electricity consumers from the risks of increased pricing and service disruptions. Aging and inadequate infrastructure, maintenance backlogs, increasingly severe weather, geographic constraints, and rising electricity demand all… Read more
Energy Community Tax Credit Bonus: The quick version For solar projects in eligible geographies, the Energy Community Tax Credit Bonus (“EC Credit”) provides an additional 10% tax credit. For example, a $1,000,000 solar project would already receive the 30% Investment Tax Credit (“ITC”), or $300,000; with the incremental 10% EC Credit, the total… Read more
What’s happened with Xcel industrial electricity rates? Xcel industrial electricity rates in Minnesota are up 29% from 2020. In 2020, an industrial Minnesota Xcel customer only paid 7.98¢ per kilowatt-hour (kWh), but by 2022 was paying 10.26¢ per kWh (see graph below “Xcel Minnesota Electricity Rates”). For an industrial site consuming 10,000,000… Read more
Are you in a sustainability role at your organization? Do you manage your organization’s renewable energy strategy? If so, you may be thinking about the additionality of your strategy, not just about its legitimacy. As we’ll explore in this post, onsite solar provides the gold standard claim to additionality. In this regard, your organization… Read more