UNIRAC’s Post

There is a lot of buzz about the 10% Domestic Content Bonus Credit (DCBC) right now and it's lighting up your feed. Know the facts. UNIRAC offers a complete domestic system that when paired with domestic content MLPEs can help you achieve 40% threshold for the DCBC. A complete system is rail, clamps and attachments. Domestic rail alone doesn't meet the same percentages. Make sure that you are consulting a tax professional and working with your TPO or finance partners to really understand the rules and if you can qualify. #bettersolarstartshere

Proposed changes are steps toward equitable access to clean power and clean energy, and the economic development expected to go with these opportunities. "The proposed rules would create a new Low-Income Communities Bonus Credit Program, a bonus tax credit within the Clean Electricity Low-Income Communities Bonus Credit Program created by the Inflation Reduction Act." "The new rules would make clean energy tax credits available for other technologies, like hydropower and geothermal, in addition to wind and solar." #InflationReductionAct #cleanenergy #cleanpower #EconomicDevelopment https://lnkd.in/dQVFKCsg

🎉🎉I love it when a post I write here becomes part of a broader conversation. When I posted about how protectionism could hurt ☀️ #solar installations in the United States a few weeks ago there was a lot of interest. Thanks Anne Fischer from pv magazine USA for giving me a forum to further explore this vital issue facing the U.S. #solar manufacturing 🏭 industry. I recognize balancing our need to install solar at breakneck speed with breaking our dependence on Chinese manufacturers is a delicate one, and it’s one that I’ve considered from both sides. I know what I think they should do, but I also understand arguments from the other side. Give it a read and let me know what you think of my premise and my conclusions. https://lnkd.in/eCDtsgzs   #Deliveringacleanenergyfuture #commercialsolar #communitysolar

UK GOVERNMENT EXEMPTS ENERGY STORAGE FROM 20% VAT TAX The UK government has exempted retrofitted Battery Energy Storage Systems (BESS) from its 20% VAT, from 1st February 2023. From the Spring Statement in 2022, energy saving domestic equipment such as heat pumps and roof-mounted solar have been exempt from the VAT. BESS too were exempt, but only when installed alongside other energy-saving materials such as solar panels. But yesterday (11th December) the government announced that retrofitted BESS will now also be exempt from the tax. Following a consultation on the expansion of the VAT relief on energy-saving materials – also announced in the 2022 Spring Statement – the government revealed: “The government agrees with respondents, though, that this technology meets all of the stated objectives for this VAT relief in its own right, and will therefore bring electrical battery storage within the scope of the relief. This means that the technology will now also qualify for VAT relief when either retrofitted to a qualifying energy-saving materials, or installed as a standalone technology connected to the grid. #kentbusiness #smes #energynews #taxrefund

Get 50% of Your Solar Investment Back in Year One. —   It's official - the Clean Technology Investment Tax Credit (CTITC) is now law. This massive - up to 30% - refundable tax credit for adopting solar panel technology is a once-in-a-lifetime opportunity for Ontario businesses.   You need to act fast, and here's why:    1. 20% bonus depreciation. The Accelerated Capital Cost Allowance (ACCA) is at 75% until Dec 31st, 2025, after which it drops to 55%.    2. Solar panel prices are currently at an all-time low due to oversupply and high interest rates. Equipment has never been more competitively priced. Prices will increase later this year as the market works through the oversupply.    3. This is a massive incentive from the current Federal government, created specifically for Canadian businesses. However, if elected, a new government could change these incentives.   4. The Ontario government will award thousands of megawatts of new energy contracts over the next four years for utility-scale solar, wind and hydro projects. With limited grid capacity available in the Province, it is crucial to get ahead of this wave and secure capacity for your project early. Talk to the commercial solar experts at Otter Energy today. #solarpanels #solarenergy #solarmadesimple #otterenergy

Planning on investing in clean energy technologies? The IRA expanded tax credits related to the production of electricity from renewables, including solar, wind, and geothermal. Watch our on-demand webinar to identify how your organization may benefit. #cleanenergy #IRA #taxcredit

Planning on investing in clean energy technologies? The IRA expanded tax credits related to the production of electricity from renewables, including solar, wind, and geothermal. Watch our on-demand webinar to identify how your organization may benefit. #cleanenergy #IRA #taxcredit

Planning on investing in clean energy technologies? The IRA expanded tax credits related to the production of electricity from renewables, including solar, wind, and geothermal. Watch our on-demand webinar to identify how your organization may benefit. #cleanenergy #IRA #taxcredit

Planning on investing in clean energy technologies? The IRA expanded tax credits related to the production of electricity from renewables, including solar, wind, and geothermal. Watch our on-demand webinar to identify how your organization may benefit. #cleanenergy #IRA #taxcredit

Planning on investing in clean energy technologies? The IRA expanded tax credits related to the production of electricity from renewables, including solar, wind, and geothermal. Watch our on-demand webinar to identify how your organization may benefit. #cleanenergy #IRA #taxcredit #manufacturing