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Reso 2024-3733
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Reso 2024-3733
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Last modified
10/31/2024 9:48:45 AM
Creation date
10/30/2024 3:41:39 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2024-3733
Date (mm/dd/yyyy)
10/22/2024
Description
Agreement w/ Advanced Green Technologies to furnish and install solar panels at Government Center.
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UNLOCK THE POWER OF SOLAR ENERGY: <br />FINANCING OPTIONS FOR COMMERCIAL BENEFITS OF FINANCE SOLAR <br />SOLAR PROJECTS IN FLORIDA <br />Are you ready to unlock solar power for your commercial <br />property in Florida? Financing a solar energy system is a great <br />way to impact the environment and your bottom line positively. <br />As a project investor, you want the best investment return for <br />your solar project. One of the best ways to do this is by <br />leveraging the Federal Solar Investment tax credit (ITC). The ITC <br />allows businesses, universities, government agencies, and non- <br />profit organizations to receive a tax credit or direct payment of <br />up to 50% of the total cost of their project. <br />Using the ITC with accelerated depreciation to finance your <br />solar project can significantly reduce the upfront cost and <br />improve your return on investment. Below are some financing <br />options available in Florida. <br />Contact us to learn which option is best for your needs. <br />Cash Purchase <br />Own the solar panels outright and take advantage of the federal <br />solar investment tax credit (ITC) for a reduced cost and <br />improved return on investment. <br />Traditional Financing <br />© Spread the cost of the solar panel system over a more extended <br />period and make smaller monthly payments, with the potential <br />to claim the ITC on your taxes. <br />j� C -PACE <br />s Finance energy efficiency and renewable energy upgrades <br />through a special assessment of your property's tax bill. <br />Power Purchase Agreement (PPA) <br />Have a solar developer install and maintain the solar panel <br />system on your property and purchase the generated electricity <br />at a fixed rate without the upfront capital cost. <br />Operating Lease <br />M Use solar panels or other renewable energy equipment without <br />owning it outright, with flexible terms, low upfront costs, fixed <br />monthly payments, and potential tax benefits. <br />#CVC56792 <br />• Federal Incentives: Up to 50% federal solar <br />investment tax credit (ITC) or direct payment. <br />• Energy Security: Solar can provide reliable, onsite <br />energy to hedge against rising utility rates. <br />• Cost Savings: Solar can reduce a building's energy <br />costs by generating electricity onsite. <br />• Environmental Benefits: Solar generates clean <br />energy and reduces a building's carbon footprint. <br />• Increased Property Value: Solar can increase the <br />value of a building by making it more energy <br />efficient and attractive to potential buyers or <br />tenants. <br />DO YOU QUALIFY? <br />• Credit Score: Most solar financing programs require a <br />good credit score, typically 600 or higher. Your credit <br />score measures your creditworthiness and reflects your <br />ability to pay back your debts on time. <br />• Financial Stability: Lenders and financing programs <br />may also consider your financial stability when <br />evaluating your application. This can include your <br />income, debt -to -income ratio, and cash flow. <br />• Property Ownership: If you are financing a solar panel <br />system for a commercial property that you own, you will <br />need to provide proof of ownership. This may include a <br />copy of the property deed or a lease agreement. <br />• Property Type: Some solar financing programs may only <br />be available for specific properties, such as commercial <br />buildings or single-family homes. <br />• Solar Resource: Your location and the sunlight your <br />property receives may also determine your ability to <br />qualify for solar financing. <br />CONTACT US <br />Contact us for free project analysis and to <br />determine the best financing option for your needs. <br />Call 800-638-6869 or visit www.agt.com <br />
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