14 MW Project in Colorado, USA

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Project Highlights

Capacity
14 MW

System Capacity

Duration
21.2GWh

Yearly Production

Variations
Approx. 30 acres

Area Size

Project Details

Project Status

Building

Project Start Date

TBD

Are Size

30 acres of land & 60,000sqft building roofs

Solar System Capacity

Estimated

Grid System

TBD

Annual Electricity Production Capacity

TBD

Grid System

TBD

Project Overview

A 14.1 MW solar energy system will be deployed on land provided by the client, aimed at supplying the vertical grow farm with carbon-neutral power. Currently, the facility consumes around 3,500,000 kWh of electricity, with plans to double its capacity. Excess energy generated will be directed to the grid, supporting Holy Cross’s commitment to achieving 100% renewable energy by 2030, as pledged to their clientele.

Project Challenges

The project will unfold in three distinct phases for optimal efficiency and impact. Initially, 600 kW of solar panels will be installed atop the facility’s roof.

The subsequent phase involves developing a solar array of approximately 7 MW on a lot across from the main building, which will also mark the commencement of the Alternative Fuel Station.

The final phase will concentrate on completing the installation on an additional parcel of land. These phases will be executed in a seamless, continuous operation to ensure timely progress and integration.

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Financing and Tax Incentives

A 14.1 MW solar energy system will be deployed on land provided by the client, aimed at supplying the vertical grow farm with carbon-neutral power. Currently, the facility consumes around 3,500,000 kWh of electricity, with plans to double its capacity. Excess energy generated will be directed to the grid, supporting Holy Cross’s commitment to achieving 100% renewable energy by 2030, as pledged to their clientele. This credit is applicable to the property owner’s federal tax liability and can be rolled over to the next tax year if not fully utilized. Available until 2034, the credit will remain at 30% for systems installed through 2032, then decrease to 26% in 2033 and 22% in 2034.

Colorado property owners can combine this substantial federal incentive with state-specific benefits, such as sales and use tax exemptions and property tax exemptions for renewable energy equipment, to further lower the costs of going solar. These incentives make solar installations more affordable and attractive, encouraging the adoption of clean energy and supporting Colorado’s commitment to clean energy production.