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

Jan 13, 2023 12:45 PM ET
  • 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.
AGT starts building and construction on two solar carports for Raymond James in Florida
Image: solarpowerworldonline.com

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."


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