Solar Energy Tax Credit
Investments
CityScape Capital Group created the CCG Energy Partners Funds to invest in solar energy tax credit projects throughout the country. A sampling of recent solar energy tax credit investments with their approximate solar energy tax credit amounts ("SETC") is presented below:
FLS Energy
Many Sites, North Carolina
Federal SETC: $3,295,000
State SETC: $2,020,000
FLS Energy, Inc. completed the $9.5 million installation of solar thermal and photovoltaic systems on several commercial buildings and at a closed landfill site located in North Carolina. The firm installed 10 solar thermal systems on commercial buildings, and a 1.0MW ground mounted solar photovoltaic system, designed by SunPower, over the closed landfill located in Canton, North Carolina.
Solaire
Danbury, Connecticut
Federal SETC: $2,660,000
Solaire Development, LLC completed a $12.4 million solar photovoltaic system installation in Danbury, CT. The firm installed two solar arrays on two commercial buildings; a 420kW array on one building and a 460kW array on the other.
Vanir Appalachian
Many Sites, North Carolina
Federal SETC: $4,035,000
State SETC: $4,705,000
The Vanir Group and Appalachian Energy completed the $14 million installation of solar thermal systems on more than 300 commercial buildings located throughout North Carolina. The systems improved the efficiency of energy use for outfitted buildings, thereby decreasing energy costs and reducing the carbon footprint of the commercial real estate.