Recent global market and U.S. federal government developments are affecting every industry and sector around the world. How businesses are planning their energy strategy and their plans to implement solar, battery storage, EV charging, and efficient lighting projects are no exception.
Coldwell Energy’s energy experts are working with our new and existing customers to make sure they’re locked in to receive the best possible pricing, hardware, delivery timelines, and installation timelines. Now is the time to work with us for a clear path forward as we help you navigate these changing market forms so you can avoid potential cost increases and loss of key financial incentives.
What’s Changing?
Two major forces are converging to reshape the economics of renewable energy projects:
- New Federal Tariffs on Renewable Energy Materials
The U.S. government has announced increased tariffs on steel, aluminum, and other critical renewable energy hardware components. These tariffs are already driving up material costs across the global supply chain. As a result, the price of hardware – including solar equipment and batteries – is expected to rise significantly in the coming months.
- Proposed Changes to the Federal Investment Tax Credit (ITC)
The ITC has been one of the most powerful financial incentives for renewable energy adoption in the U.S. However, proposed changes in federal tax policy could reduce or even eliminate this benefit. If your solar, battery storage, EV charging, and/or efficient lighting project isn’t locked in soon, you may miss out on tens or even hundreds of thousands of dollars in tax savings.
What This Means for You
If you have a pending project proposal with Coldwell Energy, these developments could:
- Increase your total project cost
- Delay your return on investment
- Reduce or eliminate your eligibility for the full ITC
The pricing and incentives in your current proposal were based on market conditions that are quickly changing. Taking action now can help you avoid these risks.
How to Protect Your Investment
To secure your project’s current pricing and full tax credit eligibility, we recommend the following steps:
- Sign Your Project Proposal: This allows us to initiate the safe harbor process, locking in your eligibility for the full ITC.
- Submit Your Initial Payment: This secures your equipment at today’s prices before tariffs drive costs higher.
- Complete Site Documentation and Utility Paperwork: This helps us fast-track your project and avoid permitting delays.
- Finalize Your Project Schedule: This ensures construction begins within the ITC eligibility window.
Let’s Talk
Don’t let shifting policies and rising costs derail your energy and sustainability goals. Take action today to secure your savings and energy future. Our energy experts are ready to help you navigate these changes and keep your project on track. To review a project proposal and discuss next steps, contact us via www.coldwellenergy.com/contact.