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Nizar Delbani βοΈβπΎ
@PresidntDelbani
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NET-ZERO (Carbon) Real Estate, Solar Farms & Agrivoltaic, Renewable Energy & PropTech Fund GP. I help add Millions in value to RE portfolios.
Miami, FL
Joined July 2013
Iβve been educating & consulting people on this for about 2 years now. The inflation reduction act has changed the industry to the point where you can literally get the costs completely recouped in the first year. Get involved while you still can.
Current state of commercial solar in the US: We installed this solar project for a manufacturer in rural Illinois. Turnkey cost: $610k. After installation, the customer receives a $305k grant from the USDA, a $305k federal tax credit, and a $95k rebate from the utility company (+ depreciation). They will save around $70k/yr in energy costs
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@peterlikesgyros @redwood_ryan_a Nice! Illinois is heating up from what Iβm hearing. The asset paid for itself in the first year and returned a positive cash flow. IL isnβt even the best place to do this. The industry is amazing. Good to see you making moves Peter.
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Lots of potential on a site like that but as @TKyle said, offtake agreements usually need to be in place before traditional finance kicks in and that takes time. We happen to have a backlog of demand so not too worried about that. Everyone wants cheaper power. We usually use a creative financing structure to get these deals done by monetizing the tax credits and using available grants etc. Being next to a substation is a great thing but we need to confirm if there is capacity to backfeed into the grid at that point or if we need to upgrade the infrastructure. Happy to help any way I can.
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We had an LP at DoomsDay recently come to us with a problem. They had some really good years since 2020 and had heard the new rules about Tax credits being retroactive 3 years. Their Tax liability over the past 3 years was 30M+ and the team put together an amazing strategy to recoup all the taxes paid so far with the least capital requirement. Similar scenarios like this are becoming a weekly occurrence for us now and I believe more people should get access to it, so you paid more than 100k in tax in the past 3 years, we will give you the strategy for free.
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@Hudson830 I do not. The photo is there to present how livestock and energy can exist together. I prefer they allow the livestock to roam free and not enclose them so tightly.
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@JarretW Thanks for the advice my friend! We plan on using domestic content, prevailing wages, as well as some other things to get the tax credit to 50%. The bank likes to be conservative and so do we in regards to tax credits in case something changes.
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@Jazzo0o The majority of what we are building is in the Northeast now. It has the highest yield for dual axis tracking.
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@MewnProfessor We are weighing the cost benefit between wildflowers vs wheat coupled with the bee farm that will go around it.
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Have problems early! One of the best pieces of advice I received from a mentor. Friendships, Marriages, Business Partners, Clients, Employees. How people treat you when everything is going well means nothing. How will they treat you and deal with the problem when things are falling apart in their eyes?
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RT @stephenolmon: Iβm noticing a big mistake from my corporate exit friends βββββββββββββββ TLDR - New certifications typically donβt inhβ¦
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