The new year brings fresh opportunities to optimize your solar asset ownership business and make the most of tax savings for 2025. The best results come from starting early and strategically building your solar portfolio throughout the year.
The new year brings fresh opportunities to optimize your solar asset ownership business and make the most of tax savings for 2025. The best results come from starting early and strategically building your solar portfolio throughout the year.
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No matter where you travel, it’s likely that you’ll find opportunities to see home and business owners putting solar to work in innovative ways to lower their energy costs and boost resiliency. Consider Napa Valley, where wineries and hotel operators have been on the leading edge of renewable energy adoption optimize their operating costs and mitigate the risks posed by California’s grid reliability.
You might choose to stay at the award-winning luxury Bardessono Hotel, one of the only certified LEED Platinum hotels in the U.S. The hotel’s rooftops feature 940 high efficiency solar panels, which provide 197.4 kilowatt (kW) of power — approximately one-half the property’s total electrical energy requirement of the property. The solar panels lie flat on the rooftops, invisible to surrounding properties. Learn more about the project.
If you’re a fan of wines from the Plumpjack Group, you might also include visits to CADE Estate or Odette Estates on your wine tour. Set atop Napa Valley’s Howell Mountain, CADE Estate is proud of its distinction as Napa Valley’s first LEED Gold certified winery. The winery has 35,000 square feet of solar panels installed on its roof, producing more energy than it needs for most of the year. Sister winery Odette Estates is also LEED Gold certified. Its 8,500-square-foot living roof is outfitted with 2,500-square-feet of solar panels that generate 30,000 KW of power per year. Read more.
With so many opportunities to learn about solar, the time you spend in Napa may contribute toward meeting your material participation requirements, seamlessly blending business and pleasure.
Nick and his wife have redirected $6.9 million in tax payments to purchase solar assets since 2020, and saved $1.25 million in taxes. Here’s how.
All documents required for the preparation of your 2024 income tax returns will be uploaded to your client portal this week for assets purchased prior to November 1 and no later than March 1, 2025 for assets purchased after November 1.
In order to maintain the insurance policies and other services for your solar assets, you will need to pay your 2025 Technical Services fees. You will receive your TSA invoice from Plaid no later than March 10, 2025. Please pay promptly to avoid any potential lapses in policies.
Looking ahead to growing your solar asset ownership business and savings in 2025, getting started purchasing assets in Q1 offers distinct advantages. We are offering preferred asset pricing through March 31, 2025.
Available Now – Tax documents uploaded to client portal for assets purchased before November 1, 2024
March 1 – Tax documents uploaded to client portal for assets purchased after November 1, 2024
March 10 – You will receive your TSA invoice from Plaid no later than March 10
March 31 – Preferred asset pricing for Q1 ends
Remember, any time spent reading emails, reviewing documents, or checking your portal can be logged as material participation hours. Don't forget to log them in your portal.