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Content provided by Tor "Solar Fred" Valenza. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tor "Solar Fred" Valenza or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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The Solar Heist, or How I Got into the Solar Business, Part 4: The Warning

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Manage episode 365426792 series 3395584
Content provided by Tor "Solar Fred" Valenza. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tor "Solar Fred" Valenza or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Season 2's theme is "Solar Noir," and we start off with a darkly comedic Part 4 of our Solar Heist series. (Catch up to Parts 1-3 here.) In Part 4, Mazz and Charlie are forced by Richard Prout, a crime syndicate boss, to dig up some CATs (Certain Awful Things) under Charlie's solar project, which used to be a landfill. As Charlie and Mazz dig, an unexpected visitor arrives to give Charlie a dangerous pop quiz. Will Charlie pass the test?
True Solar Takeaways

  • Thanks to the Inflation Reduction Act (IRA) solar project owners receive a 30% investment tax credit (ITC) from the IRS.
  • If a solar project is built on a former landfill and a disadvantaged community, the owner can get a 20% bonus tax credit. In fact, under certain conditions, the IRA includes a delicious and profitable layer cake of bonus tax credits that could pay for up to 70% of the upfront cost of building a solar project.
  • FYI: A tax credit is like an IRS gift card that can be used towards paying owed taxes. Consequently, banks and other profitable companies love to invest in solar projects because the tax credits can reduce their IRS tax bills, often by millions of dollars.
  • Solar project owners also make money by selling their generated solar power to utilities. Utilities pay the solar owner 3 to 5 cents per kilowatt-hour (kWh) generated over a long-term contract, typically 25 to 30 years.
  • Learn more about solar tax credits.

-----

  continue reading

57 episodes

Artwork
iconShare
 
Manage episode 365426792 series 3395584
Content provided by Tor "Solar Fred" Valenza. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tor "Solar Fred" Valenza or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Season 2's theme is "Solar Noir," and we start off with a darkly comedic Part 4 of our Solar Heist series. (Catch up to Parts 1-3 here.) In Part 4, Mazz and Charlie are forced by Richard Prout, a crime syndicate boss, to dig up some CATs (Certain Awful Things) under Charlie's solar project, which used to be a landfill. As Charlie and Mazz dig, an unexpected visitor arrives to give Charlie a dangerous pop quiz. Will Charlie pass the test?
True Solar Takeaways

  • Thanks to the Inflation Reduction Act (IRA) solar project owners receive a 30% investment tax credit (ITC) from the IRS.
  • If a solar project is built on a former landfill and a disadvantaged community, the owner can get a 20% bonus tax credit. In fact, under certain conditions, the IRA includes a delicious and profitable layer cake of bonus tax credits that could pay for up to 70% of the upfront cost of building a solar project.
  • FYI: A tax credit is like an IRS gift card that can be used towards paying owed taxes. Consequently, banks and other profitable companies love to invest in solar projects because the tax credits can reduce their IRS tax bills, often by millions of dollars.
  • Solar project owners also make money by selling their generated solar power to utilities. Utilities pay the solar owner 3 to 5 cents per kilowatt-hour (kWh) generated over a long-term contract, typically 25 to 30 years.
  • Learn more about solar tax credits.

-----

  continue reading

57 episodes

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