The Solar Heist, or How I Got into the Solar Business, Part 4: The Warning

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.



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