AGT starts building and construction on two solar carports for Raymond James in Florida

• Florida solar EPC Advanced Green Technologies will certainly soon break ground on 2 solar carports at the Raymond James Financial campus in St. Petersburg, Florida. The project will certainly feature a total amount of 1.7 MW in between 2 big solar carports built on top of existing parking garages at the financial services firm's corporate headquarters.

Designed to withstand hurricane-force winds, Advanced Green Technologies will custom-made design a carport made with united state steel items that receive a 40% tax credit for the client. The project needs to provide Raymond James an expected energy offset of about 10%.

Raymond James protected the additional financial savings by making use of several government tax credit programs, including the 30% ITC and the 10% bonus credit for domestically created content needs. The flagship project will certainly likewise take advantage of a depreciation deduction over 5 years under the Federal Modified Cost Recovery System (MACRS), for which projects positioned in service between 2023 and 2026 get a bonus depreciation.

" We are thrilled to deal with Raymond James to offer a cleaner, greener footprint in the Tampa-St. Petersburg area," said Advanced Green Technologies Executive Vice President, Clint Sockman. "With the climbing electrical power costs and also tax credits recently boosted and prolonged in 2023, solar is a great method to minimize costs while boosting building value, shielding cars, advertising sustainability, and also lowering your influence on our atmosphere."