12/06/2022
The Inflation Reduction Act (IRA) changes everything for building-integrated photovoltaic( PV) windows! It provides investment tax credits for projects and products that generate electricity from solar energy. This would include Stellaris’s ClearPower™ PV windows. The tax credits can be as high as 30% of the cost of the purchase and installation of the solar photovoltaic window, increasing to as high as 50% of the cost of the PV windows for certain installations. Note that the tax credits apply to the whole window and its installation cost, not just to the photovoltaics inside it.
In addition, the IRA provides substantial bonus and accelerated depreciation for renewable energy generation and energy efficiency retrofits, which would include solar PV windows.
The bottom line is that the IRA may pay for most or all of the additional cost of making windows electricity-generating, meaning that buildings across the country could benefit from years of generating their own electricity at no cost! Photovoltaic windows should be a “no-brainer” for all retrofits and new construction.
For more information, please visit Stellaris’s website at www.clearpower.energy or our equity crowdfunding platform at www.startengine.com/stellaris