Our initiative harnesses the power of state and federal energy incentives, depreciation strategies, and innovative financial models to minimize upfront costs while maximizing long-term benefits. Here’s how it works:
- Capital Costs & Incentives: By utilizing federal and state tax credits, including the Investment Tax Credit (ITC) and Modified Accelerated Cost Recovery System (MACRS) for accelerated depreciation, we significantly reduce the capital costs for each installation.
- Strategic Partnerships: Non-profit universities will partner with for-profit corporations to leverage tax benefits, ensuring a flow of financial returns to universities.
- Revenue Streams: Universities will benefit from multiple revenue streams including energy arbitrage, capacity payments, grid services, and PPA agreements with their local energy provider