Inflation, Economic Uncertainty and Solar

We’ve been thinking a lot about Inflation, Economic Uncertainty, and Solar.

It’s been a challenging year. There is a war in Ukraine, inflation in the headlines, and “economic uncertainty.” As we wait for the analysts to officially call it a recession or not, we discuss the price of eggs, gas, and milk and we worry about the future. If you remember your lessons from science class, we are wired with instincts to “fight, flight or freeze,” and that’s what many of us are doing, especially regarding investments and spending. While that ‘freeze” instinct may be helpful when considering if the time is right for a big vacation or replacing a “good enough” vehicle with a shiny new one, it works against us in this inflationary period.

 

We install a lot of solar for a wide variety of clients, and over the last 23 years, we have always asked our solar clients “why” they are going solar. This year we are seeing an interesting trend. While many of the answers still include “the environment,” there is a significant uptick in clients treating solar “as an investment.” Digging deeper, these homeowners are looking at inflation and know that keeping money in the bank means watching it lose value over time. They also are anxious about stock market volatility after a year like 2022, when the S+P lost almost 20% of its value. Their solution? Investing in their home with solar as a hedge against inflation.

Learning From The Past

Imagine if you could go back in time and buy 30 years worth of gasoline for $1.11 per gallon in 1993.

While that would be a lot of barrels stacked up in the backyard, going solar is a much simpler way to “pre-purchase” a decade’s worth of electricity.

Our customers that own their solar power plants own their future – no matter how fast or how high electricity rates increase.

If they have or eventually buy an EV, they will also be insulated from ever-rising gasoline costs. These customers did the research, called Kokosing Solar, and made the jump from “freeze” to “fight”, taking action against inflation and market uncertainty by investing in their homes. On top of all this, the “return” from a solar investment is TAX FREE because it saves money that would have been spent rather than earning taxable interest.

Many of our customers are not sure how long they will be in their homes… more space is needed for growing families, empty nesters downsize… people move. Will they see the same return? These are important considerations, and while each situation is different, our customers that go solar are often considering the impact of a zero or very low electric bill on their home selling process. According to a nationwide Zillow survey of homes that went solar, going solar adds 4.1% to your home value. It only makes sense that home buyers recognize that electric utility bills are important considerations when choosing a home, and a home that includes a high-quality solar installation can demand a premium price.

Taking Action This Year

While the future is uncertain, one thing that is certain is the sun will always rise.

We all have a lot going on right now and it is understandable to hit the “pause” button on major decisions.

In these conditions our “fight-flight-freeze” instincts are activated and amplified. While many are stuck in a “freeze” mode, letting their savings be eroded by inflation, others decide to “fight”, taking action where they can. For some, going solar is a great way to continue investing for the future, and lock in savings now. Give us a call and let our 20+ years of experience show you how we can help you invest in and save for the future. We will provide a detailed report, answer all your questions and do all we can to help you take control of your energy and own your future.

New Name: Kokosing Solar

Third Sun Kokosing Solar Adopts New Name: Kokosing Solar

Kokosing Solar’s New Name, Logo, and Brand Reflect Solar Industry Growth

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In April 2022, Kokosing Industrial, Inc. purchased the assets of solar installer Third Sun Solar. During the past year, the company operated as “Third Sun Kokosing Solar”; moving forward, the company will do business under the brand name “Kokosing Solar”.

Kokosing Solar’s Director of Solar Operations Brady Phillips noted that as the Solar and Battery Energy Storage System (BESS) industry is poised for tremendous growth in the coming decade, and the company’s scope will grow to include utility-scale in addition to the residential and commercial/industrial projects historically built by the company. “The brand transition aligns us clearly with the larger Kokosing group of companies, whose reputation for self-performing quality projects is well established across the Midwest and Mid-Atlantic,” Phillips said. “Kokosing Solar is an extension of the Kokosing Industrial business and will provide renewable energy projects with the same commitment to safety, quality, and customer focus that is a staple of Kokosing’s other work.”

“Our new name and logo reflect the great work our team has achieved over the past year as we have integrated our historic solar expertise with the proven processes and resources of the Kokosing family of companies,” said Geoff Greenfield, co-founder of Third Sun Solar. “As we focus on our updated mission to “Put People to Work to Build the Clean Energy Future,” it only makes sense to lead with the strong, well-known brand “Kokosing”.

Kokosing President and co-CEO Brett Burgett said that entering this growing sector is an exciting new chapter for his family’s 72-year-old construction company: “Kokosing has a long history of diversification, and after watching solar move from the early adopters to the mainstream, we have added it to the services our company offers. We have a proven track record of building conventional energy generation projects, and building clean energy projects is a natural progression for us.”

Kokosing Solar specializes in the following:

  • Evaluation of siting and suitability of solar and BESS opportunities
  • Cost and energy modeling, economic analysis
  • Project development and finance
  • NABCEP-accredited engineering and design services
  • Equipment selection and procurement, access to the pooled purchasing power of the AMICUS Solar Cooperative
  • Project management, comprehensive regulatory compliance and industry leading safety programs
  • Self-performing installation work with highly trained and skilled workforce
  • Comprehensive Service, Operations & Maintenance offerings, membership in the AMICUS O+M Cooperative

ABOUT KOKOSING

Headquartered in Westerville, Ohio, Kokosing is one of the largest family-owned construction companies in the Midwest and Mid-Atlantic. Kokosing’s primary business lines include solar, industrial manufacturing, transportation, pipelines, water/wastewater, and marine work. Additionally, Kokosing owns construction material supply companies. Known for unwavering integrity and exceptional safety and quality, Kokosing’s companies provide extensive resources for its customers.

ABOUT KOKOSING SOLAR

Our team has been designing, building, and financing solar energy projects since 2000. Over the past two decades, we have worked with hundreds of clients to achieve their economic and sustainability goals. Kokosing Solar is a self-performing EPC that offers our customers the accessibility and competitiveness of a local firm with the stability, reputation, and resources of one of the largest construction companies in the eastern US.

Solar Energy System on the Carriage House at the Governor’s Residence

In August of 2022,  in collaboration with Green Energy Ohio and other Ohio Solar Installers, Third Sun Kokosing Solar installed 2 Tesla Powerwalls at the Ohio Governor’s Residence. 

In 2004, a “Green Team” of Green Energy Ohio member companies and volunteers installed a solar array and battery backup system on the Carriage House at the Governor’s Residence, where the Highway Patrol post is housed. The system not only contributed power for day-to-day operations of the Patrol, it also allowed them to maintain critical security functions in the event of a power outage.  

Although the system has operated as intended for almost eighteen years, advances in photovoltaic cells and battery technology guarantee greater efficiency and reliability as energy demands increase. 

Green Energy Ohio is excited to announce that in August of 2022 the group completed renovation of the system in collaboration with the State of Ohio Department of Administrative Services (DAS). 

This project is made possible by a $50,000 grant from the American Electric Power Foundation. 


Solar Energy and Levelized Costs

Solar Energy and Levelized Costs. You’re Overpaying for Electricity if you aren’t using Solar Power.

Here’s a cost breakdown from one of our recent customers…

  • Utility Power Over 30 Years: $38,500
  • Solar Power over 30 Years: $16,240

What if you could purchase your energy in bulk for the next 30 years… at the low rate of 5-7 cents per kilowatt hour… would you do it? Your neighbors are…

The Argument for Solar

Every day you use energy. Depending on the mix of your local electric supplier, as a homeowner in Ohio, most of your utility energy supply comes from legacy energy like natural gas and coal. While natural gas was branded as cheap energy in recent years, that cost is ticking upward.

The Cost of Utility Power varies and can range from about $0.13 – $0.18 per kilowatt-hour. That cost has risen annually by 3 – 6%, and due to global conditions, we know the escalation will only continue to increase. Solar power comes in at roughly $0.05 – $0.07 per kWh over the lifetime of the system. As you can see, you could be getting your energy at a lower rate when you switch to solar power.

Financing has made solar accessible to even more homeowners in recent years, and we proudly offer $0 Down Financing.

Solar is an investment unlike any other because it has a guaranteed return. First, you’re guaranteed to pay monthly for electricity. Second, the systems are warrantied for 25 years, often lasting well beyond that. On average, our homeowners see a 10% annual return. While this number is close to stock market returns over the past ten years, it’s a guaranteed return and levelized risk factor in your investment. Solar is certain, whereas pandemics, geopolitical instability, inflation, and so on can increase market volatility and make the market even less reliable.

Gain more control over future expenses by fixing your rate, all while you increase the value of your home. Purchasing brown energy from your utility is a 100% guarantee of no return on investment. When you go solar, you increase your home value by 4%.

When we look into the future, we know that legacy brown electricity will only become more costly to consumers due to supply shortages, grid upgrades, and natural disasters. Going solar today is the best way to hedge against the rising cost of electricity.

Beware of Solar Power Scams: Lessons Learned in Choosing a Trusted Solar Installer

Beware of Solar Power Scams: Lessons Learned in Choosing a Trusted Solar Installer

Solar is booming in Ohio like we haven’t seen in our past twenty+ years in the solar business.    

We’re happy to see solar increasing in popularity in the Midwest. However, as various solar companies continue to enter our region, we’ve watched unsustainable business practices hurt homeowners in our communities.     

We have seen some big news recently as one of the largest national solar installers closed their doors. We express our sympathy to the customers, team members, and communities personally affected by this closure. We’re also saddened by the dark light this news casts over the solar industry.    

In this blog, we’ll share with you some of the lessons we’ve learned from the rapid rise of solar in Ohio and the fall of this big solar installer.    

Beware of Solar Power Scams: Advertisements 

Trust the old adage: “If it’s too good to be true, it probably is.”   

Solar isn’t free, and anyone telling you that it is, is just trying to win your business- at whatever cost.   

Over the past few years, we’ve seen a rapid increase in misleading advertisements, primarily on Facebook and Instagram, touting local grant programs, free solar, and cash-back deals.    

There are no local grant programs for homeowners, solar has never been free, and cash-back details rely on an inflated loan to accommodate a cash-back discount. In the end, the customer pays.    

Don’t get us wrong. Solar is a great investment. It’s a stable investment with a quantifiable return, an increase in property value, and fantastic environmental benefits. But it’s not a scheme to get out of paying your monthly utility bills, nor is it an investment where you get rich quickly.    

Please think twice before selecting a solar installer who is miss leading in their advertisements. In our opinion, it’s an indication that they are not putting the customer first.    

Sales Tactics  

Our solar consultants are highly trained experts in solar technology, policy, and loans. They pride themselves in the value they offer to customers. They educate thousands of homeowners each year. If needed, they loop in their teammates on the operations side to get accurate, quality answers for you.    

High-pressure sales indicate that the company you’re working with doesn’t have your best interest in mind.    

You shouldn’t feel pressured to go solar before you’re ready. You want all your questions answered about the products, warranties, loan terms, and more. If you are uncomfortable, it’s the role of your salesperson to help you understand what you need to know to become comfortable. While we would love to be your solar installer, we want you to make the best decision for you, your family, or your company.    

Why do high-pressure sales happen?

High-pressure sales strategies result from contracted sales employees who are paid commission and rely on making the sale to earn a paycheck. These sales reps are often not properly trained or supported in their work. They may not fully understand the local policy or products they’re offering.    

It’s no surprise that these sales conditions make for unpleasant customer experiences.    

Making the important decision to go solar should be a bright, exciting time, including the sales experience.    

Customer Service 

While a solar system is very low maintenance with no moving parts, issues may occasionally arise. In this case, a dedicated solar service technician will need to service your system. While the equipment warranties are long – often 25+ years – knowing that your solar installer will be around to support you should any equipment warranty or other issues arise is vital.     

We increasingly get calls from homeowners who need their systems serviced by installers who no longer exist.   We hear about faulty products installed by non-licensed electricians, voiding product warranties. We also hear stories about solar systems that have been improperly installed and never worked, all while the homeowner is stuck paying their electricity bill and their solar loan payment.   

Always check to see if your installer has a dedicated service team and will be there for you after your installation.   

Here at Kokosing Solar we have a dedicated service team who works diligently on behalf of our customers to submit warranty claims and skilled service technicians who are passionate about fixing issues if they arise.    

Identify a Trusted Partner    

Here is our go-to checklist for choosing a trusted solar installation partner:    

  1. How long have they been in business?     
  2. How many projects have they done?    
  3. Do they provide references? When you call those references, what do they say?    
  4. Does your installer have a fully trained & licensed electrician on staff?    
  5. What do their customers say? (stick to Google Reviews and away from third-party solar referral sites that give biased information)    
  6. What do their Employees say? (Check Glassdoor.com)    
  7. Does the installer have NABCEP certificate holders on staff?    
  8. Do they have a dedicated service team?    
  9. Are they BBB certified?    
  10. Will they tell you if solar will not work well for you (due to roof condition, shading, or other factors)?   
  11. Are they listed on SolarEthics.org?     

Our History 

Kokosing Solar has been designing, building, and financing clean energy solutions for residential and commercial clients across the Midwest since 2000. In 2022 we became Kokosing Solar and are strengthened by the 71 years of experience of Kokosing, Inc., one of the largest family-owned construction companies in the Midwest and Mid-Atlantic.    

Our organization mirrors the characteristics of the mighty oak tree through growth, strength, and reputation. With each passing year, our legacy and longevity builds with roots firmly set in our Core Values.    

Today, Kokosing Solar’s mission is Putting People to Work to Build A Clean Energy Future. Our branches extend far and wide as we engage in projects that support our team members, their families, and the communities where we live and work.   

We look forward to putting even more people to work and helping even more clients achieve their solar dreams at a sustainable pace as the shift to clean energy grows in our region.    

Solar Panel Cost – Is It Worth It?

Why do homeowners go solar?

Usually, our customers go solar for one (and sometimes two) of two reasons: to go green and to save money.

One of the first questions we hear from folks just starting their solar journey is: “Will solar really save me money?”

While the answer is yes, understanding how is essential.

This article will help you understand the financial calculations better to determine if solar makes sense for your home and family.

Solar Panel Cost – Is It Worth It?

Solar is unlike any other investment in your home. The home improvements you make – adding a deck, installing a hot tub, getting new gutters. They don’t have a guaranteed return on investment. But solar does.

Below are the key considerations you’ll want to start with when evaluating if solar is a good investment opportunity for you.

Key considerations:

  1. The cost of a solar energy system
  2. The amount you would otherwise pay for electricity over 30 years
  3. The amount that energy costs will escalate over 30 years
  4. How long will the system take to pay for itself

After figuring out these values, you’ll have a better idea of the investment, the return on investment (ROI), and the number of years it will take to see your ROI.

Zero Down Solar Loans

Solar companies in Ohio increasingly provide Zero Down Solar Loans. Just about any solar installer in Ohio who you talk to will have a financing option.

In recent years, zero-down loans have opened doors for homeowners who have wanted to go solar but haven’t had the upfront capital to make the investment.

All installers offer different loans, and it’s important to think critically about the loan you’re being offered.

Often people are interested in getting a loan for a solar system where the monthly loan payment is less than what they’re currently paying for electricity. In Ohio, solar is a long-term investment. It’s not a quick payback or for someone looking to save money on their monthly utility bills.

Also, a low monthly payment doesn’t automatically mean a better deal if you’re paying more for your solar system in the long run. For low-interest loans, sometimes the installer will pay a finance company for better loan rates but bake the finance fees into the cost of your solar system, inflating the price of the solar system itself.

 

Tax Credits

The main incentive for solar energy installation is the Solar Investment Tax Credit. If you owe federal taxes, this is a great incentive that allows you to take 30% of the cost of the system (including batteries!) against the federal taxes you owe.

If you don’t pay that much in taxes, you can take the tax credit over multiple years.

Factor the solar investment tax credit into your equation if you qualify to take it.

Read more about the Solar Investment Tax Credit here.

Home Value

According to a recent Zillow study, you increase your home’s value by 4% when you go solar.

For a median-value home in the US, this is a value of approximately $9,000, according to Zillow.

Why do homes with solar sell for more? Homes that come with a solar energy system can provide sizeable future energy cost savings for homebuyers. As energy prices go up and energy consumption increases in a home (say, with a growing family), buyers understand the value.

Additionally, homebuyers are increasingly energy conscious – for environmental and financial reasons alike.

How Much Will You Save?

This is a tricky calculation as it takes into account everything we’ve considered above and more…

The rate you’re paying for electricity now is different from the rate you’ll be paying for electricity 20 years down the line. In Ohio, we’ve historically seen an increase in electricity rates of 3% per year, but some years are different. In 2022 Ohio saw an increase of nearly 8%. Year over year, these increases add up, so energy rate escalation is important to consider when evaluating solar for your home.

Doing The Math

All homeowners who go solar will eventually see a benefit from their solar installation. What surprises some people is the amount of time it can take to get there. In Ohio, solar is a long-term investment. It’s not a good fit for someone looking to save money immediately on their monthly utility bills.

If you can wait to see your system pay back, your rewards will be reaped in owning your own power generator at your home and making your own power as the homes around you continue to rent their power from the utility company.

You can either do the math for yourself or work with our solar professionals to better understand the numbers.

Our Solar Consultants have been working for years to help homeowners make sense of these equations.

Unlike some other companies out there in the marketplace, we take a consultative approach. We work with you to understand your goals and your budget and determine the best solar solution to fit your needs. Sometimes installing solar makes sense for homeowners, and sometimes, it does not. We will take the time to tell you if solar doesn’t make sense for you.

Visit our FAQ page for answers to more common questions about solar installation.

If you’re interested in getting a free consultation, fill out the form below to get started down the road toward a long-term investment in your home.

National vs Local Solar Installer: How to Choose

Do I Choose a Local or National Solar Installer?

When you’re shopping for a solar installer, you’re often comparing apples to oranges and trying to understand who has the best products, the best quality, all with the highest level of service.  

One of the biggest differences between companies you’ll find when you start shopping is that there are small, local installers, and there are some big, national solar installers.  When choosing a solar installer, one of the biggest questions you’ll come up against is: should I go with a national or local solar installer?  

In terms of quality and level of service, some overarching themes differentiate local from national solar companies.  In this blog, we’ll address those differences to help you make an informed decision.  

Kokosing Solar falls into the local solar installer category. We will describe below the advantages that give us the best of both worlds.  

Quality

Would you be willing to pay a little more if you knew that your chosen company would give you a better solar system?

Local Installers have better ratings. Why? They care a lot about the work they do. Local installers have dedicated full-time employees who live and work in your community.

Large national installers might have offices in various states, but they don’t always have dedicated solar installation crews in your area. For that reason, a lot of their work is subcontracted. These subcontracted workers have unknown and varying experience and training levels. They have a different relationship with the larger company and are therefore less accountable to the quality of craftsmanship when they install solar on your home.

When you work with a local contractor, they have a vested interest in seeing your solar system succeed. They’re hoping you refer them to friends and family. They want your neighbors to think your system is beautiful and consider going solar themselves. They want to employ your neighbors in well-paid, green energy jobs.

To seal the deal, Kokosing Solar offers a 20-year Workmanship Warranty on our labor.

Local installers often use higher quality brands because of the personal responsibility they feel over their work. This reduces any long-term solar maintenance costs for buyers and increases the life expectancy of solar panels and equipment.

Third Sun Kokosing Solar is a full turnkey solar installer. We take care of sales, design, interconnection, permitting, and installation. And we do it all in-house. Our whole team (including our vital installation team) are full-time workers with benefits, PTO, and training and growth paths in our company.

Meet our team! Our locally based solar team is ready to help you understand the solar pricing we provide and if you have any questions as you compare all your apples and oranges quotes!

Jamey
Jones


Solar Consultant

Drew Bialko


Solar Consultant

John
Miller


Solar Consultant

Service

While a solar system is very low maintenance with no moving parts, there are occasionally issues that may arise. In this case, your system will need to be serviced by a dedicated solar service technician. While the equipment warranties are long – often 25+ years – knowing that your solar installer will be around to support you should any equipment warranty or other issues arise is vital.  

As various unknown solar companies continue to enter Ohio, we increasingly get calls from homeowners who need their systems serviced by installers who no longer exist. We hear about faulty products installed by non-licensed electricians, voiding product warranties.  You’ll see these stories, too, as you read some of the one-star reviews left by disgruntled customers of these various companies. 

Always check to see if your installer has a dedicated service team and will be there for you after your installation. 

You can reach our service team by chatting in on our website or calling us at 740-249-4533. 

Conclusion 

Third Sun Kokosing solar brings over 20 years of residential solar installation experience to your home. Beyond that, we have the size and resources of Kokosing Industrial, one of the largest contractors in the Midwest.  

We’re one of 71 members of the Amicus Solar Cooperative, which allows us to pool our purchasing power and get products for prices that the huge national installers are getting them at. This innovative collaboration between quality solar energy companies from across the nation gives us the combined purchasing power of one of the largest national companies while maintaining the personal customer focus and nimbleness of a small local business. 

Our business design allows us to instill the confidence in our customers that we have the resources to offer the best products, highest level of craftsmanship, and the best service. And that we’ll be around for the next 20, 30, 40 years, when and if they need us.  

 

Reach out today to begin your solar journey with Kokosing Solar, your trusted solar partner.  

Solar Tax Credit for Business and Organizations

Frequently Asked Questions that we’ve received so far…. 

Following the August 2022 passing of the Inflation Reduction Act, which included numerous tax benefits for clean energy installation, we have received some excellent questions from our followers.  

While the guidance for these rules is still taking shape, there are some questions that we’re able to address. You can find those below.  

Please feel free to submit additional questions to us and stay tuned as we plan to host more events as additional rules and guidance becomes available.  

If you’re just getting started, check out the recorded version of our most recent webinar that overviews all of the solar energy tax benefits in the IRA and what we know so far.  

We can conduct a quick remote analysis to help. Additional site information is required for project development but an initial look can help take the next step in determining feasibility. Click here if you’re ready to talk with a Solar Consultant.  

This is a frequent question, and the answer isn’t always black and white. In short, if the technology available today will meet your goals and the funding is available, then there is little benefit to waiting. Solar is modular and can grow as the technology improves.   

The short answer is yes, though solar is typically designed to offset all of the loads served by your main electrical panel.   

Companies (for example, developers) may choose to transfer the ITC or PTC to another taxpayer. Taxpayers who are not tax-exempt entities will be allowed a one-time transfer of these tax credits. Any payments received in exchange for the transfer of credits would be excluded from income, and any amounts paid to obtain a transferred credit could not be deducted from income. Credits that could be transferred would also be given extended carryback and carryforward periods. The carryback period for these credits would be extended from 1 to 3 years, and the carryforward period extended from 20 to 22 years.  

The domestic content standard will be set by Treasury under 661 of Federal Regulations. These requirements are 100% steel/iron under 661.5(B) and for manufactured products a 40% requirement through 2024 followed by 45% in 2025, 50% in 2026, and 55% in 2027 and beyond.  Manufactured content is further explained: The products which are components of a qualified facility upon completion will be deemed to have been produced in the United States if the adjusted percentage of the total costs of all such manufactured products of the facility are attributable to manufactured products (including components) which are mined, produced, or manufactured in the United States. This section is expected to have further clarification. 

It’s always possible that something may surface, though our focus here has been on the Federal bill. A more likely outcome for Ohio will be at the local level.   

10%: the project is located in a low-income community 1 or on Indian land. 2 20%: the project is part of a qualified low-income residential building project 3 or a qualified low-income economic benefit project. 4 If the latter, (20% adder) then yes the tenants would need to be renters to qualify.  The project must be installed on a residential rental building that is part of a housing program under the Violence Against Women Act, Title V of the Housing Act of 1949, a tribally designated housing entity, or other programs determined by HUD; and the “financial benefits” of the electricity produced by the project are “allocated equitably” among the occupants of the building. See IRA § 13103(a), to be codified at 26 U.S.C. § 48(e)(2)(B).  

 SEC. 60103. GREENHOUSE GAS REDUCTION FUND. 2 The Clean Air Act is amended by inserting after section 133 of such Act, as added by section 60102 of this Act, 4 the following: 5 ‘‘SEC. 134. GREENHOUSE GAS REDUCTION FUND. 

Yes, an S-Corp business can benefit for the available tax credits.  

These credits are “Allocated” meaning a company will have to apply to the Treasury to get these particular credits. Treasury can allocate 1.8 GW direct current capacity total of wind and solar credits per year starting for 2023.      The project must be installed on a residential rental building that is part of a housing program (including HUD programs) and the “financial benefits” of the electricity produced by the project are “allocated equitably” among the occupants of the building. See IRA § 13103(a), to be codified at 26 U.S.C. § 48(e)(2)(B). 

Solar continues to be a great fit for these governmental entities, and traditional funding options such as third party owned systems or Power Purchase Agreements (PPA) continue.   A new option included in the IRA allows for these entities to purchase solar outright and benefit from a “direct pay” provision.  The criterion for the payment is still being developed, though a government entity may receive a payment equal to what a taxpaying entity would receive. Still, it is tied to the domestic content requirements.  We can help you evaluate the option that works best for you. 

We are familiar with the code and related documents and can point you and your tax advisors in the right direction to address specific questions. Additionally, our decades of experience in the solar industry have helped us build a network of professionals that work in this space who are better suited to advise on tax specific implications, though we still recommend consulting with your tax professional. 

Brownfield sites as defined under Sections 101(39)(A), (B), and (D)(ii)(III) of CERCLA; As determined by the Secretary, (1) a metropolitan or non-metropolitan statistical area with unemployment rates, from the previous year, at or above the national average and (2) at least 0.17% of employment or 25% of local tax revenues are related to the extraction, processing, transport, or storage of coal, oil, or natural gas at any time beginning in 2010 Census tracts, plus their adjacent census tracts, where a coal mine closed after 1999 or a coal-fired power plant was retired after 2009.  

Understanding Adders for Commercial Solar in the Inflation Reduction Act

How has the solar industry grown since the Solar Investment Tax Credit (ITC) was first instated?

Dating back to 2006, the ITC or Federal Investment Tax Credit (Section 48 of the tax code) is a tax credit that can be claimed on federal taxes owed for up to 30% of the cost of a solar system.

The ITC was designed for -and delivered – to drive down costs and increase adoption.

  • Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 200 times
  • The cost to install solar has dropped by more than 60% over the last decade
  • Average annual growth of over 50% over the last decade alone

Until the Inflation Reduction Act (IRA) was signed in August 2022, the existing ITC had the following structure and stepdown:

  • 30% for projects started or completed EOY 2021
  • 26% through EOY 2022
  • 22% through EOY 2023
  • Sunset at 10% for 2024 and beyond for commercial only

Since its creation, Congress has provided numerous extensions, though only for short 5-year periods. The problem with these short-term extensions? They do not provide the long-term view and stability that organizations need to plan. The IRA addresses this.

Most of our electric generation is from fossil fuels, and that price fluctuates based on global markets. Fuel from solar energy is free once the system is installed, providing long-term stability and lowering electric prices.

Implementing onsite solar can help you take control of your energy costs by fixing a certain percentage of your electric rate for the long haul.

Big Picture Benefits for Solar in the Inflation Reduction Act

Interconnection added to Base

Historically developers incurred many costs on the front end when developing a solar project. The ITC takes care of this by allowing these expenses to be included.

Immediate impact

Projects built in 2022 are eligible for the 30%. This includes projects closed or constructed in 2022, increasing from previous 26%.

Long Term Planning

30% for 2023 through 2033. This allows for long-term planning and certainty. Keep in mind that there are planning requirements that can take a significant amount of time to complete. We encourage you to begin planning now.

Projects Under 1 Megawatt (MW)

Some new additions…

Adders for Projects Under 1MW AC*

  • 10% for low-income communities
  • 20% for low-income residential housing

*(competitively allocated and have caps)

If your project was eligible for the 30% ITC, you’re now looking at 40% or 50% tax credits with these additions.

 

Projects Above 1 Megawatt (MW)

  • 6% Base ITC
  • 2% Bonus for Domestic Content
  • 2% for Siting in Energy Community
  • * 10% for low-income communities (Projects under 5MW AC)
  • * 20% for low-income residential housing (Projects under 5MW AC)

*(competitively allocated and have caps.)

 

Adders

Where the rubber meets the road…

+ 24% Base ITC for projects that meet labor requirements (prevailing wage rates, apprenticeship program)

The bill was intended to make sure that there are good-paying green jobs, and these adders intend to incentivize this. While providing good paying jobs to our communities is central to our mission, Kokosing (link to Kokosing energy site) is the right partner as, right out of the gate, we have the eligibility to meet these requirements.

 

+ 10% Bonus for Domestic Content

Guidance is still forthcoming in this department.

What we are hearing so far is that to qualify for this adder, all steel must be 100% US Steel (usually part of the solar racking), and 40% of all the additional equipment (like modules, inverters…) must include content from US sources.

Solar manufacturing is a complex process. From the solar silicone that gets refined into wafers to the assembly of the solar modules using aluminum and glass. These materials are typically supplied from all over the world. There are a few select module manufacturers who assemble solar panels in the United States. We are still waiting to hear if they will qualify to meet the rules set forth in this adder.

 

We expect that our equipment suppliers don’t currently meet the requirements for this adder. However, we know that our partners are setting in place a roadmap to begin to meet these goals. Getting our customers to that extra 10% is important to us and to them.

+ 10% Bonus for Siting in Energy Community

To qualify for this adder…

  • The project could be located on a certified Brownfield (former remediated industrial site, capped landfill…).
  • Census tracts, plus their adjacent census tracts, where a coal mine closed after 1999 or a coal-fired power plant was retired after 2009.
  • As determined by the Secretary, (1) a metropolitan or non-metropolitan statistical area with unemployment rates, from the previous year, at or above the national average and (2) at least 0.17% of employment or 25% of local tax revenues are related to the extraction, processing, transport, or storage of coal, oil, or natural gas at any time beginning in 2010.

 

+ 10%, 20% (or 30%) Low Income Community Adder

 

  • Competitive – Apply to Treasury. We are not yet sure if this is a merit based application or a first come first served application and are still waiting on guidance.
  • 1.8 GW allocated per year.
  • 5 MW AC cap per project.
  • + 10% Adder if located in a low-income Community or on Native American Indian Land (specific definitions are available).
  • + 20% Adder if the project is part of a qualified low-income residential building project or a qualified low-income economic benefit project (specific definitions are available).

 

We will be happy to work with you to understand what percentage tax credit you would qualify for.

 

Direct Pay Provision

Historically, the only entities that could benefit from these tax benefits were entities with a tax appetite: for profit institutions and businesses. Non-profits, state and local municipalities, rural electric co-ops, and Indian Tribal governments could not take advantage of the benefits.

The IRA takes care of that. These entities, who don’t traditionally pay taxes, could get this tax credit paid to them directly. Likely the payment would be after the project is built.

Like all other organizations, a non-tax-paying organization is only eligible for the percentage back in the categories where you meet the requirements listed. Additionally, we have seen guidance that tax-exempt bond financing could see a reduction in the percentage available.

 

Stay Tuned

More details will be available in the months ahead as rules and guidance become available. Check out our FAQ page for additional coverage of the solar tax benefits included in the IRA.

We plan to keep our audience up to date with the latest information as it becomes available.

The best way to stay in touch? Start by signing up for a free solar evaluation. Fill out the form below to get started developing your project today.

Ohio SB 61 Signed Into Law: Limits HOA Restrictions On Solar Installations

On June 14, 2022, the Ohio Legislature passed, and Gov. Mike Dewine signed into law Senate Bill 61 (SB 61). This bill will protect homeowners from unfair restrictions on solar installations. This is excellent news for all homeowners who live in communities governed by Homeowners Associations (HOAs).

SB 61 will take effect on September 13, 2022.

Homeowners Association & Solar Installation

Across Ohio, some neighborhoods are governed by HOAs. Historically, HOAs rely on restrictive rules that guide their decision-making. HOA rules oversee how property in a neighborhood is used and styled. Ultimately, these rules exist to maintain uniform aesthetics in a neighborhood.

Until 2022, the law in Ohio allows HOAs to restrict solar access for homeowners.

Often, we find that HOAs do not have rules that govern solar, so it falls on the HOA board to evaluate requests. Once an HOA makes a decision, the decision affects not only the resident who has brought their desire to go solar forward but can affect future rules for residents who wish to go solar.

If you’re a member of an HOA and interested in going solar, check out our guide to working with your HOA.

Understanding SB 61

Under the new law, solar panel installations are allowable in HOA-governed areas unless specifically regulated in the bylaws or deeds.

After the passing of SB 61, HOAs are still able to “establish reasonable restrictions” on solar panels in their bylaws. So, there is still some wiggle room for HOAs to maintain solar restrictions. However, modifications to bylaws often entails obtaining approval from 75% of homeowners in the neighborhood.

So, unless specifically regulated or new bylaws are passed, homeowners are allowed to install solar.

According to a quote from Ohio Sen. Nickie Antonio, one of the representatives who introduced the bill, published in an article from Energy News US:

“The whole tenor and intention of the bill is to make things possible,” Antonio said. There needs to be some “wiggle room” to cover unforeseen circumstances or future developments, she said. But the expectation is that associations will “have rational discussions and not automatically ban solar.”

 

Ohio SB 61 Next Steps…

SB 61 took effect on September 13, 2022.

Please reach out if you belong to an HOA or sit on your community’s HOA board. We have knowledgeable team members ready to present, answer questions, and help guide discussions about solar energy.

Fill out the form below for a free solar evaluation, or to request a conversation with one of our knowledgeable solar experts.

We look forward to talking with Ohio homeowners and Home Owner’s Associations alike to help them understand what solar installations may look like at their homes and in their communities.

About Us

Kokosing Solar (Previously Third Sun) has been designing, building, and financing clean energy solutions for residential & commercial clients across the Midwest since 2000. We bring more than 22 years of solar installation experience as Ohio’s longest-standing full-service solar installer. In 2022 we became Kokosing Solar and are strengthened by the 71 years of experience of Kokosing, Inc., one of the largest family-owned construction companies in the Midwest and Mid-Atlantic. We serve residential and commercial clients in Cleveland, Cincinnati, Columbus, and beyond. We are a fully insured and licensed Electrical Contractor committed to delivering safe, high-performance systems with top-notch customer service.

Greening Your Home Before You Go Solar

Consider greening your home before you go solar for maximum savings! The average American spends $2,000 annually on energy expenses. Some of that expense goes to waste because of leaky faucets, air drafts, and outdated heating and cooling appliances. You can reduce these losses through energy efficiency upgrades.

If you plan to go solar eventually, there is an added benefit in completing energy efficiency upgrades before going solar.

When you reduce your electric consumption in your home, you reduce the amount of electricity your solar panels must generate to match your household usage.

Remember – every home is different. The suggestions, cost estimates, and impact estimates provided in this post are general. But they should get you started thinking about energy efficiency upgrades to make before you go solar.

In this greening your home before you go solar guide, you will find information about:

  1. Hot Water Heater Blankets
  2. Hot Water Temperature Cards
  3. LED Lightbulbs
  4. SMART Thermostats
  5. Attic Insulation
  6. Attic Staircase Covers
  7. Energy Efficient Power Strips
  8. Low Flow Faucet Aerators

Hot Water Temperature Card

  • Cost: $5 – $10
  • Impact: Lowering a hot water heater 10 degrees saves 3-5% in energy costs annually

A Hot Water Temperature Card is an educational device designed to inform you if your water tank’s temperature is set higher than necessary.

If your water heater’s temperature is set higher than is appropriate, the opportunity exists to reduce energy costs by lowering the temperature. If the temperature is higher than 120°F, the water heater is set too high.

A bonus of a hot water temperature card? Keeping your hot water in a lower range can prevent tap water scalding.

LED Lightbulbs

  • Cost: ~ $20
  • Impact: Changing out 5 of your most frequently used bulbs for LEDs could save you up to $75 annually

You’ve probably heard from your utility company that you need to make the switch to LED lightbulbs. They’ve been a hot topic for several years, with good reason.

Get this: LED bulbs use about 75%–80% less energy than traditional bulbs.

Additionally, LED bulbs have a longer life expectancy than most other lighting, saving you energy and lasting longer.

SMART Thermostat

  • Cost: $50 – $200
  • Impact: You can save as much as 10% a year on heating and cooling by simply turning your thermostat back 7°-10°F for 8 hours a day from its typical setting

SMART Thermostats take the work out of the equation for you – ensuring that the thermostat gets changed. Like clockwork, a SMART thermostat turns the heat or AC down when you leave — depending on the season.

Although you can adjust thermostats manually, SMART thermostats will avoid any discomfort by returning temperatures to normal before you wake or return home.

The lower the interior temperature, the slower the heat loss. So, the longer your house remains at the lower temperature, the more energy you save because your home has lost less energy than it would have at the higher temperature.

The same concept applies to raising your thermostat setting in the summer — a higher interior temperature will slow the flow of heat into your house, saving energy on air conditioning.

Attic Insulation

  • Cost: $1 – $1.50 per square foot, $1,000 – $1,500 total for an average home
  • Impact: The “EPA estimates that homeowners can save an average of 15% on heating and cooling costs (or an average of 11% on total energy costs) by air sealing their homes and adding insulation in attics, floors over crawl spaces, and accessible basement rim joists.” According to Energy Star

Resources:

Attic staircase cover

  • Cost: $100 – $150
  • In many homes, leaky attic access stairs provide an opportunity to improve comfort and save energy and money.

You can seal and insulate the attic stairs opening by building your insulated cover box or purchasing a kit or pre-built package.

Approach the attic stairs access as you would an opening to the outdoors. Regardless of the type of insulation you use for your attic access, it is important to thoroughly air seal the gap.

Energy Efficient Power Strips

  • Cost: $20 – $50 per unit
  • Impact: up to $200 for an average home

The purpose of energy-efficient power strips is to reduce phantom loads.

Phantom loads continue to consume energy even when your devices are not in use.

For instance, your TV, computer, and cable box all use energy even when they’re turned off.

Smart power strips actually cut the power off and save energy since they can detect when a device is in off mode.

Low Flow Faucet Aerators & Shower Heads

  • Cost: $5 – $40
  • Impact: A 1.0-gallon per minute aerator can save more than 50 percent of the water you use. You can save anywhere from 2 to 16 gallons of water per day based on your average daily water use and the aerator you choose to install

The easiest way to begin saving water is to change the faucet aerator on your kitchen and bathroom faucets and showerheads to a water-saving low-flow faucet aerator.

A water aerator is a disc-shaped screen placed at the end of the faucet that is removable by turning on or off the threaded end of the spout. It’s designed to break up the water flowing through the faucet into several small streams while introducing air into the water flow.

This process saves water with no noticeable reduction in water pressure. Saving water saves money, especially on the energy you use to heat it.

Greening Your Home Before You Go Solar…

These steps can get you on the right path to reducing your annual electricity consumption. And, when it’s time for you to go solar, you’ll be even more self-sufficient.

We know that investments in energy efficiency will pay off in the long run.

Reach out when you’re ready to learn more about installing a solar energy system at your home.

References

Kokosing Acquires the Assets of Third Sun Solar

 

FOR IMMEDIATE RELEASE: 

Kokosing acquires the assets of Third Sun Solar 

The acquisition of the assets of a 22-year-old regional solar installation company  

strengthens Kokosing in the fast-growing clean energy sector.  

 

Westerville, OH: Kokosing, Inc., one of the largest family-owned construction companies in the country, announces today that its subsidiary Kokosing Industrial, Inc. has entered into a definitive agreement to purchase the assets of Athens, Ohio-based Third Sun Solar LLC.  The business will be operated as Third Sun Kokosing Solar, building on the reputation and expertise of Third Sun Solar, while leveraging the tremendous engineering, project management, and craft-labor expertise of Kokosing’s ~3,500 team members. 

Highlights of this transaction:  

  • Creation of a full-service solar installation leader to service the rapidly increasing demand of the region’s residential, commercial, and utility scale markets.  
  • Provides Kokosing customers a path to go solar with a trusted partner. 
  • Kokosing provides an enhanced career path, best-in-class training, and a leading compensation package, allowing the Third Sun Kokosing Solar team to deliver safe, high-quality solar installed by well-trained professionals. 
  • Leverages Kokosing’s existing infrastructure across Ohio, Indiana, Michigan, Pennsylvania, West Virginia, Virginia, Washington D.C., and Maryland allowing Third Sun Kokosing Solar to better serve customers across a large geographical footprint. 

 

Brady Phillips, a 22-year Kokosing team member who will lead the new division, is excited about joining forces with the experienced team of Third Sun Solar: “This acquisition moves us forward in our journey to bring high quality solar installations to an even bigger market across the Midwest and Mid-Atlantic with improved experiences for our team and for our customers alike.” 

“We started our solar business with the mission To Accelerate the Shift to Clean Energy,” recalls Geoff Greenfield, co-founder of Third Sun Solar.  “As demand for solar skyrockets it has become clear that now is the time to scale our company to take on the climate challenge head on.  With the strength and resources of Kokosing behind us we can scale our impact much faster than continuing on our own.  Speed and size are critical as we race to transition every aspect of our energy system to clean sustainable technologies.  We are focused not just on solar but on energy storage, EV infrastructure, efficiency and electrification as well.”  Greenfield will stay with the organization, taking the position of Director of Solar Strategy. No changes to Third Sun Solar’s historic team, offices, or services are planned other than the centralization of accounting and general administrative services to Kokosing’s Corporate HQ. 

Kokosing President and co-CEO Brett Burgett says that entering this growing sector is an exciting new chapter for his family’s 71-year-old construction company: “Kokosing has a long history of diversification, and after watching solar move from the early adopters to the mainstream, now is the right time to add it to the services our company offers.  We have a proven track record building conventional energy generation projects and building clean energy projects is a natural progression for us.” 

About Third Sun Solar 

Third Sun Solar is Ohio’s leading full service solar installation company, providing top quality design and installation since 2000. We serve residential and commercial clients in Cleveland, Cincinnati, Columbus and beyond. Third Sun Solar is a mission driven business dedicated to accelerating the shift to clean energy. 

About Kokosing, Inc. 

Headquartered in Westerville, Ohio, Kokosing is one of the largest family-owned construction companies in the Midwest and Mid-Atlantic. Kokosing’s primary business lines include industrial, transportation, pipelines, water/wastewater, and marine work. Additionally, Kokosing owns construction material supply companies. Known for unwavering integrity and exceptional safety and quality, Kokosing’s companies provide extensive resources for its customers. 

Media Contact:  

Marina Blosser 

614-212-5618 

[email protected] 

Harrison, Ohio Case Study

Project Overview

  • Lifetime Cost Savings: $56,600
  • System Type: Roof Mounted solar system 
  • Nameplate System Size:  13.2 kW
  • Annual Electricity Offset: 44% 
 
Over the next 30 years, this 13.2 kW solar array is expected to offset the homeowners annual energy by 44 percent. Over the next 30 years this system will have saved the co2 equivalent of: 363 tons of coal, driving a card 891527 miles, 429 acres of forest

Novelty, Ohio Case Study

Project Overview

  • Lifetime Cost Savings: $95,396
  • System Type: Ground Mounted solar system 
  • Nameplate System Size:  23.6 kW
  • Annual Electricity Offset: 102% 
 
Over the next 30 years, this 23.6 kW solar array is expected to offset the homeowners annual energy by 102 percent and offset an annual equivalent of 51,365 pounds of CO2. In greenhouse gas emissions, this is equivalent to removing 5 cars from the road, or 597 trees planted. 

Cincinnati, Ohio Case Study

Project Overview

  • System Type: Roof Mounted solar system and Tesla Powerwall Solar Storage 
  • Nameplate System Size:  6.7 kW
  • Annual Electricity Offset: 101% 
 
Over the next 30 years, this 6.7 kW solar array, paired with battery storage is expected to offset the homeowners annual energy by 101 percent. The Tesla Powerwall will ensure the family has power when the grid goes down and also allows them to consume more of the solar energy they produce, when their panels aren’t producing power at night. In greenhouse gas emissions, the systems savings is equivalent to saving 161 tons of coal, or driving a car 394,052 miles. 

Chagrin Falls, Ohio Case Study

Project Overview

  • Lifetime Cost Savings: $26,588
  • System Type: Roof Mounted solar system 
  • Nameplate System Size: 9.6 kW
  • Annual Electricity Offset: 85%
 
Over the next 30 years, this 9.6 kW solar array is expected to offset the homeowners annual energy by 85 percent and offset an annual equivalent of 18,727 pounds of CO2. In greenhouse gas emissions, this is equivalent to removing 2 cars from the road, or 218 trees planted.

Mentor, Ohio Case Study

Project Overview

  • Lifetime Cost Savings: $42,755
  • System Type: Roof Mounted solar system 
  • Nameplate System Size: 8.4 kW
  • Annual Electricity Offset: 76%
 
Over the next 30 years, this 8.4 kW solar array is expected to offset the homeowners annual energy by 76 percent and offset an annual equivalent of 18,248 pounds of CO2. In greenhouse gas emissions, this is equivalent to removing 2 cars from the road, or 212 trees planted.

Cuyahoga Falls, Ohio Case Study

Project Overview

  • Lifetime Cost Savings: $45,755
  • System Type: Roof Mounted solar system 
  • Nameplate System Size: 9.3 kW
  • Annual Electricity Offset: 51%
 
Over the next 30 years, this 9.3 kW solar array is expected to offset the homeowners annual energy by 51 percent and offset an annual equivalent of 21,343 pounds of CO2. In greenhouse gas emissions, this is equivalent to removing 2 cars from the road, or 248 trees planted. 

Certified B Corporation

As part of B Corp Month this March, we’re pulling back the curtain and inviting you in to see what goes on inside a Certified Benefit Corporation  

 

What is a Certified Benefit Corporation?   

A good plan goes a long way. That’s why at Third Sun Solar we bake transparency and accountability into our business model. Being a B Corp means our promise to be better for people, communities, and the planet is locked in, regardless of any future change of management or ownership. 

What goes on behind the scenes? 

Want a shortcut to doing some good? Looking for the B while you shop and buying from Certified Benefit Corporations means you can be sure you’re contributing to better business. 

Our customers know that every dollar they spend is a vote for the direction they want to see the world go. By voting every day on businesses operating with people and the planet at the forefront, our collective impact can make a big difference.   

Here is why 2 of our customers chose Third Sun Solar: 

“Of the other companies I have talked to, Third Sun Solar seems to be the only one who has more of a broader environmental mission as opposed to just making money. I think you will find that that mission is what will give you comfort in their ability to keep you happy with your install long after they leave the project. ”   

It is obvious that the employees are committed to the product and the mission of clean energy. We’ve had our panels for several months, and everything is functioning well. Most importantly, thanks to our experience, many of our friends have seen that getting solar panels is attainable and are looking into it for themselves.” 

Environment 

Being a B Corp means not only caring for the planet but putting it first in our processes and decisions. Because we know business can make a big difference. It’s why we make sure that:  

  • We implement recommendations from a zero-waste assessment done for our business. That looks like: reusing package materials, composting in our office kitchen, upcycling or recycling all possible items, and eliminating disposable products   
  • We produce nearly 100% of our electricity at our office from solar  
  • Our solar power systems on homes and buildings eliminate greenhouse gases in a state which is powered primarily by fossil fuels   
  • We purchase carbon offsets for our vehicle fleet, currently 108 mT a year 

 

Community   

Our communities make us who we are. That’s why we’re committed to giving back whenever we can. 

To date, Third Sun Solar has donated 5 solar systems to non-profits across Ohio, with 3 more in the works. 

We also make annual donations to non-profits selected by our team.  

 

Teammates 

Our workers take care of our business, so we take care of our workers. Here are just a few examples of how we prioritize employee well-being at Third Sun Solar: 

  • We hire and review our team based on their commitment to the B Corp values, our mission, and our values
  • We believe that an involved and empowered team leads to better results, so we offer transparency on our operations, financials, and metrics with the entire company
  • Team members are paid above a living wage
  • We share profits on an annual basis
  • We believe that pay scale is an important part of economic equity. Our 2020 pay ratio was 4.6: 1 compared to the national average of 144: 1 and the average among B-Corps of  7:1

Our customers and community care because we treat our employees well- it’s just that simple.   

Employees stay with us longer as a result. They represent our values and build a collective understanding of how to best serve customers. From the sales process through the project management process all the way through to installation and commissioning – our collective experience helps us better serve our customers.   

If you look at our reviews, notice how many of them mention our team members. Many even by name. Not to brag, but our team is excellent. They make a lasting impression on our customers and the communities they serve.   

An Inclusive Economy 

B Corps are businesses working to build stronger communities, more inclusive and equitable companies, and a healthier planet.   

Third Sun Solar is part of Amicus, a member-owned cooperative made up of many independently owned solar companies. This summer, to racial equity, Amicus launched a JEDI group (Justice, Equity, Diversity, Inclusivity) to tackle inclusivity at our various solar companies.   

Third Sun Solar’s Chief Operating Officer, Roberta, leads the HR sub-group of the JEDI group.   

When asked about the work that the HR policy team is doing, Roberta says, “In the HR policy team, we are doing things like reviewing language and policies to create an inclusive and welcoming environment to retain and attract team members. We have a lot of good discussions and look at policies, job descriptions, handbook language, position postings, and all things HR with a focus on justice, equity, diversity, and inclusion.”    

In 2021 we launched the Solar for All podcast. This podcast uses interviews to amplify how our industry can be better at addressing historically oppressive social and economic systems. 

Our B Corp History and Story  

When we work together, we have the power to create something better. That’s why we believe in collaboration over competition.   

As a B Corp, we love to work and collaborate with other B Corps. We’re better together!  

At the time we were certified, we also had just begun discussions with some of our peer solar companies in other parts of the country about banding together in some way (the birth of Amicus) and several of those companies that we really respected were B Corps (Southern Energy Management, Namaste Solar, Sun Light and Power, Technicians for Sustainability 

When we were first certified in 2012, we were one of only 3 companies in Ohio. Now there are 14. So,  B Corps are still pretty sparse in this state. We are happy to talk to any business that is interested in our experience or getting certified themselves.    

  

Women’s History Month and B Corp  

And like most years, B Corp month coincides with Women’s History Month.  

In celebration this year, we would like to highlight co-founder, owner, leader, and mentor Michelle Greenfield. Like many consciously minded leaders, Michelle led the charge at Third Sun Solar to make the business a Certified Benefit Corporation.

Why is important to her?   

Michelle says: “My mission in business has been not only to do our business (solar) but to show that all businesses are not evil, profit-hungry at all costs. When I was in college, oh so long ago in the 80s, this was a novel idea, and there were a few stand-out businesses that I identified that were doing their business and striving to do no harm. I have always held out that model as how I wanted to work.”  

Green Power from Utility or Solar Installation?

Should I buy Green Power from my utility or look into rooftop solar?

Purchasing green power from your utility company is a good option for individuals looking for ways to power their lives with renewable energy.
 
If you’re considering purchasing a green power plan – you may be looking into the pros and cons of a solar installation, too.
 
People often start looking into rooftop solar solutions for two reasons: environmental & cost-savings.
 
While purchasing green power from your energy supplier can help you meet one of those goals… it can’t help you with both.
 
Keep reading to understand the benefits of both options. If your goals include cost reduction over time, we’ll spell out why rooftop solar is a better fit for you.
 

What is a Green Power plan?

Often electric utilities will offer you the option to pay for a green power plan. Through this plan, you’ll buy electricity from renewable energy sources. These sources include wind power, solar power, hydropower, or some combination of all.
 
The cost of this plan comes at a premium. But, it ensures that your electric supply comes from renewable energy sources.
 

Economics 

Cost savings is the biggest difference between green power and rooftop solar. 
 
Purchasing a green energy plan from your electricity supplier does get you clean power. But doesn’t protect you from cost inflation over time.
 
With a green power plan, like all other ratepayers, you’ll continue to see the cost of your electricity bill escalate. And, over time, you won’t gain any ownership over your power.
 
One of solar’s most significant benefits is protection from that inflation. 
 
You pay a flat rate and “own” your power with solar. After a period of time, the solar system will have paid for itself (think: avoided electricity costs). You own the power plant making energy for your home from that moment forward.
 
You produce electricity through solar that you own rather than “renting” and paying a supplier for it month after month.
 

When Green Power is the right choice

 
Green power purchasing is an ideal option if your site isn’t suitable for solar. What types of homes aren’t a good fit for a solar array?
 
Maybe you rent your home. Perhaps your home is in the woods surrounded by big shading trees. Even if you don’t live in the woods, you may have big trees that surround your home and shade your roof and no available yard space for a ground-mounted solar system. Or, your roof has lots of dormers and little unobstructed roof space.
 
These are all reasons why solar might not be the best fit for you right now. And, if you’re still interested in reducing your carbon footprint… purchasing a green power plan is a great fit!
 

Green Power plans plus rooftop solar 

Some of our solar customers buy green power through their utility. For them, buying a green power plan ensures that when the solar system isn’t generating enough electricity to meet all their energy needs, they can still power their homes with clean energy. It’s a win-win.
 
Overall, green power plans are an excellent way for anyone to get involved in the clean energy movement.
 
And, if cost savings is on your goal list, start looking into solar! Fill out the form below for a free consultation and price quote for a solar energy system.

Get Started

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