Florida photo voltaic EPC Superior Inexperienced Applied sciences will quickly break floor on two photo voltaic carports on the Raymond James Monetary campus in St. Petersburg, Florida. The venture will function a complete of 1.7 MW between two massive photo voltaic carports constructed on prime of present parking garages on the monetary providers agency’s company headquarters.
Designed to resist hurricane-force winds, Superior Inexperienced Applied sciences will customized design a carport made with U.S. metal merchandise that qualify for a 40% tax credit score for the consumer. The venture ought to present Raymond James an anticipated power offset of roughly 10%.
Raymond James secured the extra financial savings by using a number of federal tax credit score applications, together with the 30% ITC and the ten% bonus credit score for domestically produced content material necessities. The flagship venture may even profit from a depreciation deduction over 5 years below the Federal Modified Value Restoration System (MACRS), for which tasks positioned in service between 2023 and 2026 qualify for a bonus depreciation.
“We’re excited to work with Raymond James to offer a cleaner, greener footprint within the Tampa-St. Petersburg space,” stated Superior Inexperienced Applied sciences Government Vice President, Clint Sockman. “With the rising electrical energy prices and tax credit not too long ago elevated and prolonged in 2023, photo voltaic is an effective way to cut back bills whereas growing property worth, defending vehicles, selling sustainability, and lowering your affect on the environment.”
Information merchandise from AGT