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November 2019

While the solar carve out of the Investment Tax Credit has been a great incentive for taxpayers to invest in solar assets, sadly it can't last forever. As the phase-out begins in January, here are some safe harbor opportunities you can use to maximize your tax savings.


by: Mark Vitello

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BERRYDUNN NEWS



Rodman CPAs is now BerryDunn
We've joined forces to enhance tax, assurance, and consulting services for our clients in New England and beyond.

BerryDunn's renewable energy team partners with clients at every stage, from start-up to IPO. We offer tax advisory, financial, and accounting services for cleantech companies involved in solar, wind, biomass, waste-to-energy, and energy-efficiency projects. Learn more.


INDUSTRY NEWS



Will solar save you money? Sense data reveals that potential savings depend on where and how you live

With 2019 winding down, and along with it the 30% federal tax credit steps down to 26%, now is a good time to consider whether solar will help you save money on your utility bills. Home energy innovator Sense analyzed solar home data from 1800 homes across the U.S., in states with high solar adoption, and found their average savings is $1,075 annually.

To meet renewable energy goals, Maine must take charge on big battery incentives

Maine's ambitious plans to cut greenhouse gas emissions by making a wholesale transition to renewable energy poses a fundamental question: What happens when the sun doesn't shine and the wind doesn't blow? The answer would have been elusive 10 years ago, but today there's an evolving solution: Strategically build storage, mostly with a new generation of lithium-ion batteries.

Solar-energy storage gets a boost during California's wildfires

Widespread power shutoffs across the Golden State during peak wildfire season have spurred demand for what's called “solar-plus-storage” as a way for customers to keep their lights on. "Calling it an 'uptick' would be an understatement," said Barry Cinnamon, CEO of Cinnamon Energy Systems, a Silicon Valley-based solar company. Cinnamon said the level of inquiries has more than doubled and his company "had just about the best month ever" in its seven-year history.

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Portland, ME  04101-1100  USA
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