Water Districts & Solar – The Unprecedented Financial Opportunities Expiring in 2011 for Solar Generation

An unprecedented alignment of financial benefits exists now for water districts to significantly cut energy costs through large scale solar energy development. 

Projects up to 1 megawatt (MW) can be developed now with little or no money out of pocket for the water district.  However the fuse is short!   On 12.31.11 this window closes.

Central Valley water districts are invited to a special “Lunch and Learn” at the Bakersfield Marriott Hotel, May 18 at noon, hosted by HelioPower, a leading California solar development firm.  The presentation will help attendees understand the current financial and regulatory environment and how they can leverage this soon-to-expire opportunity.

HelioPower financing gives water districts the ability to leverage two key financial incentives they would not normally be able to exercise to offset the cost of solar:

• The Federal ITC 1603 Treasury Grant in Lieu 30% offset which expires 12.31.11.
• MACRS (Modified Accelerated Cost Recovery System) 5 year, 85% depreciation schedule for solar.

Large scale solar installations can now offset electricity bills for dispersed meters.  CA AB 2466 allows water districts to develop up to 1 MW of solar power and offset multiple location meter bills through virtual net metering.

An overview of this opportunity and its benefits to water districts will be conducted during lunch. After lunch attendees can stay and “drill down” on specific energy objectives.  Our experts will be on hand throughout the afternoon.  

For more information and registration go to our "Water Districts & Solar" registration page or call us toll free at 1 87 SOLAR 888.