INSIGHTS ABOUT SOLAR PANELS, STORAGE & MORE FROM THE EXPERTS AT TELAMON ENERGY.
In the latest issue of Business View Magazine, Telamon Energy was featured along with our remarkable contributions to the solar energy landscape within the Tri Creek School District. As a seasoned national solar partner, Telamon Energy brings a wealth of expertise to the table, specializing in the design, development, engineering, and deployment of solar arrays tailored to diverse configurations.
This financial playbook serves as a comprehensive guide detailing various strategies for financing solar projects. With the increasing emphasis on renewable energy sources like solar power, understanding the financial options available is crucial for individuals, businesses, and municipalities looking to invest in solar energy.
The playbook covers the most common financial models and goes through the advantages and disadvantages to each. The financial models it covers are: cash financing, debt financing, capital leasing, municipal bonds, Guaranteed Energy Savings (GES), Power Purchase Agreements (PPAs), Investment Tax Credit (ITC), and tax depreciation.
Follow the link to view Telamon Energy’s Financial Playbook: https://www.canva.com/design/DAF_3nMehsI/LWa6i0lR485nPg7Li9A55g/view?utm_content=DAF_3nMehsI&utm_campaign=designshare&utm_medium=link&utm_source=editor
Congratulations to our exceptional client, Forest County Potawatomi, for their well-deserved recognition! Their commitment to energy efficiency is truly commendable and we're thrilled to have been a part of their solar journey. The recent award they've received is a testament to their dedication and forward-thinking approach.
At Telamon Energy, we take immense pride in partnering with organizations that prioritize sustainability and innovation. Working with Forest County Potawatomi on their solar project has been a rewarding experience, and we're excited to continue supporting their efforts towards a greener future.
Check out the article to learn more about their remarkable achievement: https://www.wjfw.com/news/forest-county-potawatomi-receives-energy-efficiency-award/article_368a9b04-4141-11ee-9cee-db4804ac92ce.html
The Inflation Reduction Act (IRA) of 2022 is a major new piece of legislation that provides a number of significant benefits for commercial, industrial, and not-for-profit entities that are looking to develop solar energy systems. The Act extended and increased the Investment Tax Credit (ITC) for solar projects that are placed in service before December 31, 2032, with increased ITC rates of 30-60%. This ITC rate is significantly higher than the previous rate of 26%, and it is expected to have a significant impact on the cost of solar projects.
Scott Nelson, the Director of Business Development at Telamon Energy, spoke with with Nate Lelle of The Veridus Group, Inc. for his amazing podcast IN Construction Influencers at this year’s AIM Conference.
The podcast discusses how the Inflation Reduction Act has made a huge investment in clean energy through new solar and storage development incentives.
Along with an extension and increase in ITC credits for tax paying entities the law now provides Direct Pay benefits to municipalities, schools, churches, and other not for profits. The federal development incentives for both have increased to 30-70% for qualifying solar and storage projects. This law has solidified these incentives through 2032.
Solar panels are utilized in more and more industries every day – sports facilities are among the United States’ adopters of solar energy. Solar powered sports venues span the country and are found in arenas and facilities serving many different sporting types and fans.
Let’s take a look at some of the most notable solar powered sports venues and see how Telamon is able to help your facility go solar.
Solar powered sports venues are found throughout the United States, housing teams and fans throughout all types of sporting.
As the 103rd running of the Indy 500, the greatest spectacle in racing, was just a short time ago and Indianapolis is practically our hometown, it makes sense to start with the Indianapolis Motor Speedway (IMS) as we discuss solar powered sports areas. The IMS is the world’s largest sports venue in the world, as well as the largest of the solar powered sports venues and the sports venue that uses the most solar panels!
Opened in 2014, the IMS Solar Farm uses 39,312 solar modules to generate 9 megawatts of power. The carbon offset generated by the IMS Solar Farm equals 10,288 tons. IMS used 41.5 acres of underutilized land to house their solar array, turning this land into a major benefit for the facility and the environment.
Their commitment to cleaner energy is reflected in many ways at the IMS. Ethanol is used to fuel IndyCar vehicles, and E-85 is used in NASCAR. Energy generated here also benefits approximately 2,700 area homes through the local power grid.
Lincoln Financial Field, home to the Philadelphia Eagles NFL team, is one of the “greenest” stadiums throughout the globe and a leader in solar powered sports venues. Over 11,000 solar panels are used, as well as 14 wind turbines, to create over four times the power required to run the stadium during one season of home games.
This solar powered sports venue reduced their energy budget by 33 percent with the incorporation of clean energy production. Occupancy-based lighting systems were also installed to generate power savings that total up to five years of electricity costs! The facility has earned the LEED Gold Certification from the US Green Building Council for the steps they’ve taken towards energy efficiency and other sustainability concerns.
The Rio Tinto Stadium in Sandy, Utah is the nation’s top soccer facility amongst solar powered sports venues. In 2015, the facility installed approximately 6,500 solar panels which offset 73 percent of the stadium’s annual power needs. With solar panels positioned on parking structures, the facility generates a reduction in carbon emissions equivalent to taking 450 vehicles off the road or planting 47,278 trees per year.
Telamon Energy helps your facility become more energy efficient through solar panel installation. We develop commercial solar solutions that are customized for your facility, in configurations that are functional yet aesthetically pleasing.
Through a detailed assessment of your energy needs, we establish a plan to transform your facility into one of America’s latest solar powered sports venues. Significant energy users are identified and a plan developed to generate clean solar energy to power your needs.
Bring your facility to the level of solar powered sports venues across the country with the assistance of Telamon Energy. Contact us today to talk more about your facility’s clean energy needs.
