Fuel Financial Growth for your Clients with Tax-Advantage Renewable Energy Projects
Each of the following energy production and storage assets is incentivized by tax credits and depreciation. The IRS provides incentives to taxpayers to invest in renewable energy assets. ClearSun Power provides your clients with an opportunity to invest in green renewable energy solutions incentivized by tax credits and depreciation deductions.
Solar Energy
Solar panels harness sunlight to generate renewable electric power without producing CO2 emissions. ClearSun specializes in constructing large-scale commercial multi-megawatt solar installations that provide investors with a clean and sustainable energy source incentivized by tax credits. For example, the Investment Tax Credit (ITC) allows investors to claim a percentage of the eligible costs of a solar project as a credit (typically 30% to 40%) against their federal tax liability. The Production Tax Credit (PTC) provides a tax credit based on the amount of renewable energy produced and sold by the solar installation. The Modified Accelerated Cost Recovery System (MACRS) allows solar projects to depreciate over five years. Solar installations also generate Renewable Energy Credits (RECs), which can be sold to other companies seeking to meet renewable energy requirements or voluntary goals, providing an additional income stream for the investor, separate from tax benefits.
However, solar energy is only available during daylight hours, creating a critical need for efficient energy storage systems to ensure power availability at night. ClearSun addresses this need with additional projects and investment opportunities.
Electrolysis
ClearSun uses renewable solar electricity to power advanced equipment known as electrolyzers. These devices split water molecules into hydrogen and oxygen without emitting CO2. By utilizing solar-generated electricity, ClearSun operates its electrolyzers to produce clean hydrogen, which is then captured for further use.
Hydrogen Storage
Hydrogen produced through electrolysis is stored at 4,000 psi in high-pressure, carbon-fiber Type 4 tanks. The stored hydrogen serves as a renewable, on-demand energy source, providing a clean alternative for future power needs and reducing dependency on fossil fuels.
Fuel Cells
Fuel cells are advanced systems that convert hydrogen into electricity without CO2 emissions. When hydrogen combines with atmospheric oxygen, electricity is provided and water is the only byproduct. Fuel cells can serve various applications, including emergency backup power for buildings and homes, continuous electricity supply, and powering electric vehicles. ClearSun offers fuel cells for sale or lease as a reliable backup power solution, enabling cleaner and more sustainable energy use.
Alternative Fueling
Alternative fueling stations, or “ALT” stations, support clean energy vehicles by providing options for recharging or refueling. Battery-powered vehicles can recharge their batteries, while hydrogen-powered vehicles can refuel similarly to gasoline-powered automobiles. Also, hydrogen can power fuel cells at remote locations, enabling them to recharge electric cars fully. ClearSun has secured agreements to develop and build ALT fueling stations, contributing to expanding clean energy infrastructure.
Contact us to discuss the advantages of our projects for your high net worth clients looking to maximize tax credits, incentives, and depreciation benefits.