Renaissance Arts and Schooling (RAE), Tampa Bay Solar and Regenerative Shift will collaborate on a 2-MW rooftop photo voltaic venture at ¡HOLA! Elementary, a bilingual elementary faculty in Palmetto, Florida, inside RAE’s Manatee College for the Arts. The venture is scheduled to be positioned into service by summer season 2025.
The venture intends to pursue the home content material bonus credit score inside the IRA. Moreover, as a 501(c)(3) nonprofit, RAE will benefit from the IRS elective fee provision, which permits tax-exempt organizations to instantly obtain the total worth of fresh power tax credit as a direct fee from the IRS.
Manatee College for the Arts has lengthy been a champion of innovation and sustainability, and this venture reinforces its dedication to environmental stewardship and operational effectivity. By investing in photo voltaic power, RAE will considerably cut back its carbon footprint, lower long-term power prices, and set an instance for colleges and nonprofits nationwide.
“This venture demonstrates how the nonprofit and training sectors can paved the way in sustainability,” mentioned Dr. Charles Jones, president of RAE and founding father of Manatee College For the Arts. “With Tampa Bay Photo voltaic and Regenerative Shift as our companions, we’re proud to implement this transformative clear power resolution that advantages each our college students and our planet in an economical method.”
Tampa Bay Photo voltaic will oversee the design, engineering, and set up of the 2-MW system. Regenerative Shift, an environmental consulting agency, will information RAE by means of the advanced strategy of accessing federal tax incentives and guaranteeing compliance with IRA necessities.
“This partnership with RAE is especially significant to me,” mentioned Steve Rutherford, proprietor of Tampa Bay Photo voltaic. “It’s an opportunity to offer again to my group and to point out the subsequent technology of leaders the ability of photo voltaic power — not simply as a technical resolution, however as a core worth of environmental stewardship.”
“This venture is an attractive showcase of find out how to make the most of tax incentives to advance renewable power initiatives,” added Caleb Quaid, president of Regenerative Shift. “It offers an instance to different nonprofits and companies of find out how to decrease operational prices whereas benefitting the atmosphere.”
Information merchandise from Regenerative Shift
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