TENCO SOLAR

Did you catch our President Daniel McIntyre on Marketplace by APM? He joined Caleigh Wells to dive into the world of solar energy for religious buildings, exploring the tax incentives available and why there's no better time to make the switch. Interested in learning more about solar for your place of worship? ????Listen to the full episode here: https://hubs.li/Q02YzXLf0

? Starting the week off on a high note with some incredible feedback from one of our satisfied customers! ? "I want to take this opportunity to thank you for the excellent job Tenco has done to solar panels on my house.[...] Prior to your panel installation, my electrical bill ran me $5,600 per year.?Today?, I'm pleased to report that I had my current annual assessment from the power company, and I wrote them a check for $1.72.?For a savings of roughly $5,598 per year. ? The original cost of your system was $49,510, with a tax credit of $14,583 for a total of 34,657.? ? I got a tax credit of $8,000 this year and anticipate another $7,583 next year. ? Obviously, I made a good decision working with your company.?The sad part is that I anticipate no problems, meaning I won't get the opportunity to work with you again. Once again, thank you for a job well done." - Terry Stewart, Professional Building Designer At TENCO SOLAR, we’re all about delivering results that truly make a difference for our customers. Visit our website to learn more about our values and what makes TENCO SOLAR your premiere partner for commercial and residential solar installation. https://lnkd.in/gahvNwj5

With significant changes on the horizon, 2025 is set to bring higher costs and reduced ROI for commercial solar projects. Here’s what’s coming: ???Tariffs Doubling:?Tariff rates on solar panels imported from China will jump from 25% to 50% starting?January 1, 2025. This will lead to steep price increases for panels. ???Solar Export Rates Dropping:?The California Public Utility Commission's 2025 updates are expected to reduce export values (the value of energy sold back to the grid) by as much as 50%. ???Secure Your Tax Credits:?With potential changes to tax credits under a new administration, it’s crucial to lock in your ITC tax credits now. In addition to the 30% ITC, many California projects can also qualify for the 10% Energy Community Adder. However, the IRS established a “Safe Harbor” provision in the Investment Tax Credit (ITC) that allows customers to preserve their tax credits for a given year by “beginning construction” on their solar project. Check out this article to learn more about how Safe Harbor works, and how TENCO SOLAR can help:?https://lnkd.in/g7Jr5Ebe

Big News! The Treasury Department released new guidance in late Spring 2024 that significantly expands the area that qualifies for the Energy Community Adder. As a reminder, the Energy Community Adder states that commercial projects are eligible for a 10%-point increase (30% → 40%) in the value of the Investment Tax Credit (ITC) if they are located in areas that meet specific requirements. Check out our guide to learn more: https://bit.ly/3SzZslF

Learn how Quality Grinding saves thousands a year in energy costs with solar energy. TENCO SOLAR assisted Quality Grinding in offsetting rising utility costs, maximizing net energy gains, and meeting future energy consumption needs with the installation of a roof-mounted ballasted system in 2024. Read the full case study ?? ?? https://lnkd.in/gh2YHs-B

Businesses looking to install solar panels in California may be relieved to learn that there are multiple tax incentives available to help alleviate the installation cost. We've put together a new Solar Resource center that brings together information on tax benefits, commercial financing options, and information about incentive programs to help you with your transition to solar. Check it out: ?? ? https://lnkd.in/gGyd6UKP

For over three decades, TENCO SOLAR has proudly served as California’s one-stop shop for all things solar energy. As a full-service EPC provider, we oversee projects from contract signing to final approval without outsourcing. Whether you’re seeking commercial solar solutions, residential systems, or solar pool products, TENCO SOLAR has you covered. Learn more about us ?? https://bit.ly/4bA67mA #CommercialSolar #TENCOSOLAR #SolarEnergy #SolarInstallation #RenewableEnergy #SolarEPC

"The study, funded by the DOE’s Vehicle Technologies Office... found that around a quarter of EV owners also own a solar photovoltaic system, while only 8% of people who didn’t own EVs had adopted distributed solar." https://bit.ly/3RXL85j #solarpower #greenenergy pv magazine USA

"While the research shows that small, rooftop installations are better for the environment, the researchers concluded that a mix of both is needed because there are not enough rooftops to meet electrification needs, if we take into account heating and transportation." https://bit.ly/3vvPOrq #greenenergy #solarpower pv magazine USA

"An analysis by NREL reveals that various types of tree pollen can reduce solar panel efficiency by over 15%. Unlike the immediate improvements assumed to follow heavy rain, recovery of performance post-pollen season is gradual." https://bit.ly/47Cy7DV #greenenergy #solarpower pv magazine USA