The Inflation Reduction Act and Its Impact on C&I Solar

To the right is a brief overview of what Solaris Energy currently knows about the passing of the Inflation Reduction Act and its impact on our business process with our partners. As additional guidance and information becomes available we will update this page, continue to communicate, and spread the benefits.

If you have any questions please contact us.

If you are a member of SEIA, we also encourage you to read through their detailed description:

the Investment tax credit

BEFORE

26% 

w/ Step Down

AFTER

30%* 

For 10 Years

WHAT THIS MEANS

We will be able to provide a better rate for our Power Purchase Agreements and spread the benefits.

*The details

< 1 MWac

Project Size

 ≥ 1MWac

30% ITC
Guidance from
Treasury Released

Before or < 60 days after 

60 Days After 

Meets Requirements

Prevailing Wages & Apprenticeships
6% ITC

Doesn't Meet Requirements

WHAT THIS MEANS

If you're an installer and we're working on a project with you that is below 1MWac in size (majority of our projects) or guidance from the Treasury hasn't come out then we can proceed. Down the road we will work together to ensure we meet the requirements for bigger projects, which may mean adjusting our EPC contract.

The ITC will cover interconnection costs for projects under 5MWac

is the magic number...

WHAT THIS MEANS

Previously interconnection costs were not covered by the ITC. This will help reduce overall project costs and improve numbers for investors.

BONUS TIME

In addition to the 30% ITC, some project have the opportunity to earn 10-20% more ITC.

Domestic

Content

+10%

Energy Communities

+10%

Low-Income Communities

(application required)

+10 - 20%

WHAT THIS MEANS

If you have a project that fits into one of these categories, including proof of USA iron/steel & manufactured products, we may be able to increase the financial benefits for the host site, installer, and investors.