By Patrick Lynn
STEVENS POINT — As utility costs continue to rise, local businesses will have an opportunity this week to learn whether solar energy could help save money in the long run.
The Midwest Renewable Energy Association and Northwind Solar are hosting a presentation Tuesday afternoon to walk business owners through the incentives, tax credits and financing opportunities currently available for commercial solar projects.
Organizers say many businesses are unaware of the programs that can help offset the upfront cost of installing solar panels. The session will cover federal investment tax credits, group purchasing opportunities and other incentives available to commercial, agricultural and industrial property owners.
The presentation will also explain how some of those benefits could change in the coming years. New domestic-content requirements are scheduled to take effect for certain projects beginning after July 4, and projects completed after 2027 may no longer qualify for some of the current incentives.
In addition to businesses, the program may be of interest to nonprofits and churches, which can be eligible for federal Direct Pay benefits that provide payments similar to traditional tax credits.
Organizers say the goal is to give business leaders the information they need to determine whether solar makes financial sense for their property and operations. Attendees will be able to ask questions and learn more about available programs, local installers and the potential for lowering monthly electric bills.
The presentation will be held at 3 p.m. Tuesday, June 9, in the training room at the Stevens Point Transit Center, 2700 Week St. Attendance is free.
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