Learn About Solar Energy For Commercial Use On Jan. 25

Filed Under: More News

Fred Paris of the Wind Sun Institute and owner of Plymouth Solar Energy is offering a free presentation and discussion of Commercial Solar Energy, with an emphasis on financial models that consider tax credits and depreciation methods for 2023 projects.

The free, public event is set for Wednesday, Jan. 26, from 5:30 to 6:30 p.m. at Jones River Landing, 51 Landing Road, Kingston.

The commercial solar energy market is stimulated with government tax credits, accelerated depreciation and new methods for nonprofit and municipal entities to receive cash in place of tax credits they cannot use.

As utilities upgrade the grid to accommodate commercial solar projects, the upgrades are focused on energy input to the grid rather than upgrading for additional electrical load. The customers installing solar of any significance pay the utility for these upgrades.

The presentation will focus on:

  • Key financial variables for commercial and residential solar
  • Investment Tax Credits: who gets them it and how much
  • 2023 Applying the 80 percent Bonus depreciation for Solar Investments
  • Determining the IRS basis for five-year solar
  • Applying Accelerated Depreciation for 2023
  • Understanding REC incentives and SMART payments
  • Nonprofit strategies for financial incentives

As a technical business instructor, Paris has taught Strategic Business Planning at Northeastern University, Business Values and Renewable Energy sessions at Babson College and private technical lessons for organizations across the United States. Paris designed and developed the solar energy curriculum at Massasoit Community College and is the owner of Plymouth Solar Energy.

Seating is limited. Please RSVP to https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ejlbnewkea6cdb4f&oseq=&c=&ch=

Plymouth Solar Energy is located at 18 Main Street Extension, Plymouth. For more info visit www.PlymouthSolarEnergy.com