Solar Power Energy Resources

Simply put, Solar Photovoltaic (PV) technology basically converts the sun’s light into electricity for our buildings and communities.

The market has changed drastically over the last 10 years. Technology continues to get better while costs are about 80% less than they were a decade ago.

There are many types of solar mounts, but the three primary locations for commercial solar arrays include rooftop, ground mount and parking canopy installations.

An in-depth look at solar canopies. This is becoming an increasingly popular option to install in parking lots. 

The Inflation Reduction Act introduced several tax incentives to make clean energy more affordable. The 30% IRA tax credit for clean energy is signed into law for the next 10 years. The Federal bonus depreciation, which allows businesses to write off a large percentage of the system’s cost in the first year of operation, is scheduled to phase out gradually through 2027.

The Low-Income Communities Bonus Credit Program offers a historic tax credit boost for solar and wind projects in underserved communities to increase clean energy access in low-income areas, providing a significant tax credit increase for eligible projects.

The Energy Community Tax Credit Bonus applies a bonus of up to 10% (for production tax credits) or 10 percentage points (for investment tax credits) for projects, facilities, and technologies located in energy communities.

If you are a rural small business or a producer of agriculture, you may qualify for a grant from the Rural Energy for America program. Melink Solar is very familiar with the process of applying for REAP grants to aid with the installation of solar.