The world must rapidly transition its energy economy away from fossil fuels to clean renewables in order to avoid the worst impacts of climate change. This monumental shift requires expanding renewable infrastructure worldwide. Here are key strategies for accelerating the global energy transition.
Key Takeaways
- Massively scale up wind, solar, geothermal and battery storage deployment
- Streamline permitting and approval processes that delay projects
- Mobilize enormous public and private investments
- Modernize and decentralize electricity grid infrastructure
- Retrain fossil fuel workers for renewable energy jobs
Rapidly Scale Up Renewable Infrastructure
The renewable transition starts with a massive, unprecedented build out of wind farms, utility-scale solar arrays, rooftop solar, geothermal plants, and energy storage capacity worldwide to replace fossil fuel generators. Governments must set ambitious capacity targets and incentivize rapid scaling.
Streamline Bureaucratic Red Tape
Lengthy permitting and approval processes often significantly slow renewable projects. Streamlining and standardizing environmental impact reviews, land-use permits, grid connection requests and other procedures could accelerate deployments.
Mobilize Trillions in Investments
The IEA estimates transitioning the global energy system will require $4 trillion in average annual investments through 2030. Governments must incentivize private capital and commit public funds toward renewable projects and modernized grid infrastructure.
Modernize Electricity Grid Infrastructure
Aging, centralized electricity grids must be upgraded to support intermittent flows from wind and solar generators, two-way power transfers, sophisticated load balancing, and continent-spanning high voltage transmission lines to unlock renewable potential.
Retrain Fossil Fuel Workers
Workers displaced from declining fossil fuel industries should receive support through retraining programs that allow transitioning their skills to renewable energy. This maintains economies in fossil fuel communities.
Transitioning from entrenched energy systems that powered the modern world will be a monumental undertaking. But concerted efforts across the public and private sectors to rapidly deploy renewable infrastructure and modernize electricity networks can help accelerate the shift to a clean energy future.
Hot Take
- Intermittency and decentralization require reimagining grid design rather than just replacing generators.
- Permitting delays often face less public resistance than outright project rejections – but amount to the same obstruction.
- Distributed renewable adoption must go hand-in-hand with centralized buildouts for maximal impact.
- Don’t underestimate the urgent timeline – gradualism could preclude keeping warming below 1.5°C.
Frequently Asked Questions
How much would this energy transition cost?
The International Energy Agency estimates transitioning to a global net-zero economy by 2050 will require $4 trillion in average annual energy investments through 2030. While enormous, the cost of inaction through unchecked climate change would be far greater.
Can renewables really replace fossil fuels?
Wind and solar already deliver cheaper bulk power than new coal or gas plants in most markets, and costs continue falling rapidly. Projections show renewables have the technical potential to provide 80% or more of global electricity by 2050 if deployed at scale.
What about reliability concerns with renewables?
A modernized grid with continent-wide transmission, large-scale storage, and flexible demand can reliably balance intermittent renewable sources. Geographic diversity also helps smooth variability. Reliability improves as renewable penetration rises.
Don’t we need fossil fuels for base load power?
Baseload is an outdated concept in a modern grid integrating wind, solar, storage, and flexible demand. Renewables can serve both baseload and peak demand reliably with proper grid flexibility and resource optimization – without carbon emissions.
How fast could this transition happen?
With aggressive policy commitments, permitting streamlining, and mobilized investments, renewable sources could grow from 29% of global generation today to over 60% by 2030. Rapid scaling is feasible but requires unprecedented coordination and capital allocation.
What is the biggest obstacle?
Vested fossil fuel interests wielding political influence to obstruct policies and oppose infrastructure projects needed for rapid transition. Overcoming this resistance will require strong public support to accelerate climate action over powerful opposition.
well welcome everybody to straightup solar’s webinar on accelerating the clean energy transition the one-year
0:05anniversary of the inflation reduction act my name is Eric Schneider I’m the Director of Business Development and
0:10marketing here at straightup solar and I’m going to be the facilitator moderator for today’s
0:17program I’m really honored to have two of my esteemed colleagues presenting today on this important topic regarding
0:24commercial solar Shannon Folton a vice president of development has been with straightup solar since 200 13 she leads
0:31our business development and marketing efforts and heads our Central Illinois Office Team Shannon’s been very active
0:37on the advocacy side of the um inflation reduction act at the federal and at the state level she serves on the board of
0:43the Illinois solar energy Association and she’s also been the past president of our of our trade Association here she
0:50is in Illinois State alumnus and is um expertise not only in renewable energy but in geology and
0:57geohydrology Kai Jai is our solar access manager we’ll assist Shannon in the presentation Kai has been um Kai’s role
1:06in straightup solar is to provide access to underserved communities in solar and specifically he is one of the leading
1:11experts in the state on Illinois solar for all projects he’s LED our efforts in that Arena and this year we’re expected
1:18to do six more Illinois solar forall projects here and he’ll be doing some case studies on specifically Illinois
1:24shines and Illinois solar for all projects here so I’m really U well hear
1:29from and Kai a little later here but I want to give you a little background about straight up solar our vision is to
1:35care for others by creating a path for clean energy and a sustainable economy that aers our value and everyone’s
1:41healthy shared future we were founded by an orthopedic surgeon Dr Dane Glick and this motto of caring for others he
1:48wanted to extend the notion of caring for others Beyond his medical practice he’s currently still a practicing
1:54orthopedic surgeon here but the notion of what we can do to care for others in our community Through clean energy is
2:00what drives him to lead this company at straightup solar we were founded in 2006
2:05we serve Illinois and Missouri and um Dane as our founder installed the first
2:11solar system on his house and everyone thought that was pretty cool he got a bunch of buddies they ended up doing
2:16solar around his neighborhood and now 16 years later the company has done 2,500
2:22installations over 44 megaw of installed capacity across Illinois and Missouri we
2:29do res IAL commercial industrial as well as solar energy solutions such as battery storage smart
2:36panels EV charging stations and we also do service and maintenance for all our
2:41our systems here so again caring for our community not at the installation but after the installation it’s really a
2:47lifetime commitment that we give to our customers to making sure that we provide uh a quality product we are Developer we
2:55develop engineer procure which means that we’re a turnkey installer for for projects up to five megawatts here uh we
3:03do our asset inspections and operation and maintenance for um our commercial
3:08product uh installations we’re also really proud to be an amicus solar Cooperative member here which means that
3:15even though we’re a small company we have 137 employees but we’re able to group purchase with Nationwide providers
3:22uh that allows us to get better pricing for solar panels uh racking uh inverters
3:27all the balance of system product that are needed for a solar installation here so we’re really proud to be part of that
3:33Amicus Cooperative here and probably as importantly straight up solar is proud to be a certified B Corporation what
3:40that means is that we are um we are balancing the impact of our environment
3:48and our community with our profitability so that kind of triangle of people planet and profit is foremost in front
3:55of our minds here as we operate as a company here and every day we strive to make our business the best best it can
4:00be for people in Planet and we’re really proud to be part of only 6,000 corporations all across the world that
4:06are certified B corporations here some of the more famous ones are like Ben and Jerry’s Patagonia King Arthur Flower but
4:13for a small company of ours I’m really proud to be part of a b Corp making sure that our company is a Force for good in
4:19the world here we want to make sure that any interaction we have at straight up solar that we uh our customers
4:25understand that we are using our clear values and we expect our customers to hold us to these values in every single
4:32interaction which means putting the Community First leading the solar Community educating where this webinar
4:38comes in handy advocating for solar policy also related to this webinar as many of the incentives came from our
4:45advocacy at the federal and state level respect for each other and the environment and excellence in all we
4:53do um we are recording today’s uh webinar uh the webinar will last about
4:5940 minutes if you have questions please put the questions in the chat and then I will um summarize them and pass them on
5:06to Kai and shann and at the end um as I said the webinar is being recorded
5:11everyone who registered will receive a link to today’s presentation and we’ll also post this webinar on the straightup
5:17solar YouTube channel just want to mention the recording for later viewing will not include the case studies that
5:23will be presented later on in the presentation because the financial data is shown only as an example for today’s
5:30uh presentation I want to tell you that all projects are unique at straightup solar and your solar project will have
5:36pricing customized to your business’s energy needs so we request you contact
5:42us and we’ll connect you with a project developer that will talk to you about your specific needs and interests
5:48today’s presentation will focus on commercial solar installations less than one megawatt uh that is pretty much the
5:55bulk of our commercial installations and definitely the focus of the inflation reduction act to kind of encourage small
6:02and mediumsized businesses but again we do projects up to five megawatts so I encourage you to contact Kai or Shannon
6:10after the call and we can get you started on kind of those larger projects but I want to make sure today’s webinar is only focused on commercial solar
6:18under one megawatt um AC we’re going to learn about the the top commercial
6:23benefits that are coming out of the inflation reduction act including the establishment of the 30% federal tax
6:29credit the uh Adder credits that are part of the uh investment tax credit we’re going
6:35to talk about direct pay and what that means for nonprofits and municipalities and also the new act uh expanded funding
6:43for the renewable energy for America program that’s run by the US Department
6:48of Agriculture Shannon will also talk about the state of commercial solar and the IRA impact just in one year what
6:55it’s done for renewable energy construction all across the country and then Kai will come on board and talk
7:00about specific case studies coming from our Illinois shines program which talks about the Illinois renewable energy
7:06credits and then the Illinois solar forall projects that he’s been actively engaged in so with that overview of our
7:13day I’m going to turn it over to Shannon to start our
7:20presentation thanks Eric uh let’s start off with the probably the most uh commonly used uh
7:29and and the most historically used uh tax incentive for solar um and that is
7:36the federal investment tax credit the um inflation the uh the IRA uh extended
7:45increased and extended the ITC um increased it to 30% and then
7:53extended it out to 2035 uh and when it come comes to this
8:01tax credit you know we’re pretty familiar with how that works within the solar industry but just as a reminder
8:08what’s included in the basis for that tax credit is all of the labor all of
8:13the system um installation labor interconnection labor all of the equipment the costs for the utility
8:20interconnection that is new so if the uh utility requires upgrades in order for a
8:26system to be interconnected those costs can be included in the basis and um
8:32electrical service upgrade requirements uh to accommodate the solar so there there was some nice Clarity and and um
8:40improvements provided uh for what could be included in the basis for the uh in
8:47investment tax credit um can you go back just one please uh a couple of the other uh
8:55important notes related to the investment tax credit are that there’s
9:00no maximum credit uh it requires you to have a tax liability to be able to monetize it of course but your there
9:07there’s no cap and there’s no requirement to meet the domestic content
9:12criteria over time to get the ITC base uh base
9:18amounts and that’s different we’ll talk about how that’s different with direct pay but that it’s something to point out
9:24that the domestic content um Adder is possible but it’s not a requirement for
9:30um uh non-direct pay uh projects and it step the 30% ITC steps down to 22 and a
9:38half% in 2034 steps down again uh in
9:432035 and then zeros out in 2036 as written
9:50currently those Adder credits we’re going to talk about the energy Community
9:56Credit and just briefly about the domestic content uh credit uh I won’t
10:02review in this presentation the loow income allocation credit but those are
10:07the three uh Adder credits that can be stacked on top of the
10:1330% um Federal investment tax
10:20credit starting with the energy Community Credit it’s a 10% increase so
10:26if you have a project located in what’s called an energy Community uh then you could conceivably
10:35monetize 30% federal tax credit plus an additional 10% for uh acknowledging that
10:43the project is located uh within an quote unquote energy Community there are three types of energy communities and
10:50there’s a really great uh searchable map uh that is put out by the department of
10:56energy that you can search any address and find out whether your project or
11:02location is in within an energy Community but the three different Ty basic types of energy communities that
11:09have been defined are Brownfield site so this is think of it as a a site that’s
11:14contaminated or as a landfill or or or some type of site that’s undergoing either active remediation or um has been
11:22capped or you know some type of of contaminated site that’s not really developable in in any other way because
11:29of what’s been uh how the soil and and water have been impacted then the second uh type is a
11:37metropolitan statistical area or non-msa uh and these areas include um
11:45specific thresholds for direct employment or local tax revenues related
11:50to fossil fuel um coal plant uh or gas plant um
11:57processing and um an unemployment rate relate related to
12:02the national average um unemployment rate so there are two triggers that or two criteria that um determine uh
12:11whether a location uh is in an is in an uh Metropolitan statistical or
12:16non-metropolitan statistical area and then the third is just by census tract
12:21uh if the tract uh where the project is located is um within an area where a
12:27coal mine uh was closed or is in a area directly adjacent to where a coal mine
12:34uh was closed or retired that qualifies as an energy Community as well and again
12:40that searchable map is a really very useful tool for determining if your your project is uh eligible for the 10% um
12:48ITC bonus for energy communities and touching briefly on
12:53domestic content this is an an additional 10% um ITC bonus
13:01and the the I believe this will ultimately be a very positive uh
13:07opportunity for us uh solar production and solar projects uh since the IRA
13:14passed modu manufacturers have announced approximately three dozen capacity additions and if everything uh happens
13:21as as expected uh we will expect to increase from 10 the current domestic
13:27production of solar module at 10.6 uh gaws uh up to you know by a up
13:34to 108.5 gws by 2026 so really positive
13:40um projections and uh we straight up solar for one is really looking forward
13:46to that capacity coming online however currently there there is no major PV
13:53system equipment that has enough us-made components aside from possibly First
13:58Solar um to qualify for domestic content as currently prescribed by the IRS rules So
14:05currently this really isn’t being um monetized or or there it’s not part of
14:12of of projects at this time there’s a lot of confusion about how the calculation is
14:17is uh used to determine percent domestic content and the treasury Department is
14:24expected to come out with updated guidance in quarter by quarter one so hopefully soon there will be more
14:30guidance on how to specifically calculate percent the necessary percentage of domestic content to
14:37qualify for this Adder currently we’re not aware of any tax Equity invest investors who are including it um in in
14:44their Investments at this time elective pay otherwise known as
14:52direct pay is definitely a game Cher for nonprofit Municipal entities uh those
14:57tax exempt and governmental entities um that are exempt from tax under title A so that’s
15:05any state or local government govern uh government um Indian tribal government
15:10rural co-ops and uh not typical nonprofits and this is brand new never
15:18been it has never been offered in the past and it’s uh it’s essentially the ab
15:24provides the ability to uh non or tax exempt entities to monetize the tax
15:31credit in a way where the the the monetization happens through a direct
15:37payment since there is no tax liability um to be applied so uh currently there
15:45is a the 30% uh Base Credit tax credit
15:51uh through 2032 now I mentioned the domestic content requirement for direct pay
15:58projects s and here’s where it enters in so that 30% Base Credit and again we’re
16:06talking about projects one me below one megawatt AC it’s different for larger
16:11projects slightly different it involves um some other criteria but for projects
16:17100 kilowatt less than 100 kilowatts AC uh the 30 The Base Credit
16:24declines unless it meets the domestic content requ requirements and it declines by 10% in
16:32tax year 2023 uh sorry 2024
16:3715% uh in tax year 2025 and then goes to
16:42um zero if you don’t have domestic content um criteria or if you don’t meet
16:48the domestic content criteria in tax year 2026 so the Base Credit
16:56uh in drops to 28% in general outside of
17:01the domestic content requirement in 2033 and then 26% in
17:072034 so this is just as a reminder if there are um if there is a direct
17:14payment uh Pro if you have a direct payment that’s associated with your project uh can you go to the next slide
17:22sorry okay all right Eric so here’s the timeline and I
17:27I think this is the the the part that is a little bit confusing for folks is to
17:33like how do you apply for the direct pay payment and what’s the what does the
17:38timeline look like so let’s say that um a project goes into service and again
17:44that’s the trigger the project in service date is is the the trigger for
17:50beginning the process for application for the direct payment so let’s say a
17:56project goes into service in 2023 um that Pro that entity by late
18:052023 or early 2024 before the tax return is due the
18:11entity must re pre-register with the IRS now that pre-registration
18:18portal has not been released yet it’s not online yet they’re expecting for
18:23that to open at by the end of this year so we’ll keep an eye out for that
18:29and then by May 15 2024 for this example project for most tax exempt in
18:35governmental entities uh you’ll want to file the the will be the May 15th will
18:42be the deadline to file the the tax return um assuming you don’t take an
18:48extension and that’s the point at which you will file for the direct
18:54payment and then after the return is processed is when you would receive your payment so the timeline for receiving
19:01this direct payment is very similar to the timeline for claiming the tax credit that that the entities who have a tax
19:08liability would follow it’s just that you would receive an actual direct payment um versus um a tax credit
19:16reduction or a tax credit to reduce the income the tax income
19:21liability okay next
19:26Slide the other thing that is is very applicable especially in in our neck of
19:32the woods uh Central to Southern Illinois and into Missouri is the uh
19:37renewable energy for America program otherwise known as reap the IRA
19:44increased funding significantly for this program uh it brought an additional $1
19:50billion dollar into the reap program for for projects like
19:55solar and it also increased the grant percentage that a project could earn um
20:03up to 40% of the total eligible uh project costs for most projects and then
20:10up to 50 50% for projects on T tribal lands now as a reminder this is a
20:15reimbursement Grant so you have to spend the money to get the reimbursement Grant
20:21uh and eligible applicants include a producers with at least 50% of their
20:28gross income coming from the agricultural operations small businesses in eligible
20:35rural areas which include populations with 50,000 people or fewer and um also
20:41agricultural producers can be located either in rural or non-rural areas and
20:47um they would uh be eligible um to apply for this for these grants so again if
20:54you’re an agricultural producer you’re eligible whether you’re in a small small rural area or a nonrural rural area and
21:01there are four application Windows each year June September December and
21:12March so let’s look at the federal um sort of where we are in the US when it
21:19comes to uh solar installations and then with a specific focus on on the
21:25commercial side so even with without the IRA you know we’ve we’ve seen solar expand
21:33tremendously across the US with most of that increase in growth
21:39happening on a utility scale level that’s you know it’s really moving the needle um on the utility scale level
21:46there’s been a 24% average annual growth rate over the past 10 years across the
21:51US and um about 155 gaws uh currently
21:58installed uh enough to power 27 million homes that’s pretty
22:06impressive and with the inflation reduction act the expectation is for
22:13that projection to increase uh by 34% compared to preira um installation
22:26projections so from a positive standpoint the IRA um you know there
22:34there’s a lot of positive around the IRA uh to start with you know Illinois
22:39already has really strong incentives n you know compared not to other states
22:45nationally and it places those incentives places Illinois uh e in the
22:51entire nation for expected solar growth so it’s it’s it’s pretty
22:56remarkable that the state of Illinois incentives are paired nicely right now with with the IRA what the IRA benefits
23:04also do though for markets that don’t benefit from the same types of incentives that Illinois has right now
23:11it helps to offset that so a 30% federal tax credit longterm uh paired with
23:18direct pay for you know some nonprofits and the additional reap benefits uh helps to ele Elevate the
23:25case for solar in States like Missouri with with fewer incentives but
23:31nationally there’s a huge wave of optimism that that has come um in this first year uh from from what we expect
23:39the the IRA to do with future growth of solar the long-term policy certainty is
23:46something that we haven’t had ever in the Solar industry this much of a
23:51long-term um certainty it continues to drive expectations for double digit
23:57growth in the Solar industry and the five-year Outlook it shows commercial
24:02solar in particular which we’re talking about today uh expected to grow by
24:078% compared um to the the previous five years we currently have 12 gws of
24:15capacity of commercial capacity online in in the first half of 2023 compared to
24:21only eight in the first half of 2022 so again we’re seeing some natural growth
24:27but also some of those impacts of the the the positivity uh surrounding the
24:33IRA the amount of capital seeking high quality solar project Investments has definitely increased as
24:41well some of the things uh and and this is just a heat map
24:46showing what you know what we were talking about earlier on this previous slide and that is that in particular
24:52Illinois has really strong incentives that pair very nicely with the IRA right now a lot of commercial solar being
25:00installed in Illinois it’s it financially makes a lot of sense given the incentives and the the increasing
25:06electricity
25:14rates the things that are moving toward positive uh are you
25:20know this was a big this was a the IRA was a huge piece of legislation and it’s
25:26taking time to roll it out in a clear and concise way it’s been pretty slow
25:32and complicated uh and we haven’t really seen it move the needle much yet some of
25:40those drag factors that are unrelated to the legislation itself being large and complicated are that there we had
25:46significant supply chain constraints in 2022 uh High interest rates currently
25:52and elevated hardware and labor costs and what’s becoming
25:58more and more of sort of the primary target issue that we’re focusing in on
26:04is the interconnection and uh Q the interconnection Q congestion with with
26:10the utilities a lot of solar demand um and the the interconnection
26:16cue and ability to process those interconnection applications has been a bit limited Nationwide not just in
26:26Illinois but overall um we definitely expect
26:32through 2028 and Beyond um commercial solar uh installations to increase uh
26:38over time pretty significantly and with that I will pass
26:43it on to Kai aay so under prior to the
26:49IRA the only way that nonprofits could get any access to those investment tax
26:56credits was through with third party Finance player so this third party would come in they would take all of the tax
27:02credits they’ take all the incentives basically and in return provide a power purchase agreement or a lease and for
27:09many of our financial partners they wanted to take advantage of the energy sovereignty Adder that exists under
27:15Illinois solar for all that gives another $10 per wreck so they would take the investor would take the tax credits
27:22the Rex turn over the yeara in year seven and all of these incentives would
27:27now crew to the off to the finance partner the the benefit to the off-taker
27:32is under solar for all rules they have to enjoy 65% Energy savings from year
27:38one but let me back up a second for those who may not be familiar with Illinois Sol for all um under fure and
27:45then refunded under Cure Illinois solar for all is geared towards providing solar in underserved communities I like
27:53to say as uh Reverend Pierce often says those those communities that were missed
27:59by the information Super Highway we want to make sure they’re not missed by the renewable energy Revolution so the idea
28:07is to go to distressed communities and find ways to get solar into those communities and one of those ways is
28:13with higher Renewable Energy Credit values and now with this uh direct pay
28:18option so with direct pay what happens is the the off-taker the the nonprofit
28:24of the municipality gets all of those incentives and the tax credits and what
28:29happens is you see the cost of an array drop from that 100% down to somewhere between 80 and 100% thank you Kai thank
28:37you Shannon for that presentation um there’s there’s sh Shannon and Kai’s contact information I also put in the
28:43chat how you can reach us to get started on your commercial solar we do have a couple questions popping in on the chat
28:48in the Q&A so if we’ll get started and feel free to keep dropping them uh in the chat as I go along here um the first
28:56question was um have you heard if claiming the IRA adders will increase the IRS process
29:03time significantly I don’t I don’t know if um
29:10if that will happen uh I wouldn’t be surprised if
29:16there if the processing time took a little bit longer given this is sort of the first the first year that they’re
29:23they’re doing some of the of these projects reviewing some of these projects but uh I I can’t imagine that
29:30it would be overly overly long uh the
29:35process itself I’m a little more optimistic because the criteria to qualify for the adds are fairly clear
29:41you’re either in an energy Community for example or not so they look at your address they check on the map you are in
29:47boom it gets qualified the low income which we’re not going to get into might be a little more difficult um but the
29:54energy community in particular I think is one and the direct pay I think both of those should should not significantly
30:00increase processing time do I understand correctly that any direct pay project that goes live in 2024 or after is not
30:08eligible for the full amount and I’m G to go back to the timeline so uh Ross it is yeah so thanks
30:17can you go back just one more that there we go
30:23so it is eligible for the full amount however it so for in in tax year 2024
30:32for example it would only be eligible for um 90% of that 30% ITC if there was
30:41not a domestic content requirement
30:46met so you could get the full amount but you’d have to meet the domestic content requirement in order to get that and if
30:53not you’d get you know 90% of that total 30% amount does that make
31:00sense it gets a little cloudy when you talk about percentages of percentages but um and Ross as Shannon pointed out
31:08we’re seeing an increase in the amount of domestic content material that’s available yes even today we can spec
31:16stuff with domestic content but we’re still struggling to get the relevant support from
31:22manufacturers to say these panels are 62% domestic content and these inverters
31:28are 59% so we’re hopeful that by the time we get to 2024 we’ll be able to spec
31:34projects with domestic content so that they can meet the requirements and the full 30% uh can be achieved yeah we’re
31:42hoping yeah like we said earlier there’s we’re hoping for more um Clarity on how to calculate that um by quarter
31:49one and then Shannon did is there a transferability aspect of direct
31:55pay there’s not a transfer ability aspect of direct pay but there is a transferability aspect of the
32:02investment tax credit for for-profit businesses um we didn’t we didn’t
32:07include that in something that we were talking about with projects of this size I think it’s not all that common for
32:13these smaller commercial projects um but it is also one mechanism for you know
32:20financing um financing the mostly larger projects than what we’re talking about
32:26today got it and we have one final question again keep putting your questions in the
32:31chat if we any more um does straightup solar help the clients with the reap
32:37process or the application for direct pay yeah good question uh we have grant
32:45writing uh expertise uh and people that we work with that we connect our
32:50customers too when it comes to the reap Grant applications and uh when it comes to
32:57assisting people in applying for direct pay we certainly will share the
33:02information that we’re aware of that that helps people understand the process but we recommend that you work with your
33:10accountant your accountant or or tax attorney to actually work through the actual details of submitting your
33:16information and um you know uh filling out the appropriate forms and providing
33:22the necessary information of course we would provide all of the system information
33:28um uh equipment costs you know all of the supporting documentation that you might
33:34need great well I’m just gonna scan through the slides here there’s more information on the reap again I will
33:41just scan back to the end of our presentation and get make sure everyone has Kai and
33:46Shannon’s contact information I want to thank both of you for your time and participating in the webinar and sharing
33:52this great information on the inflation reduction Act and the onee back look on
33:57what all the Great accomplishments have happened in one year uh so again I’m Eric Schneider straight up solar I want
34:02to thank K ji our solar access manager and Shannon Fon our vice president of development and policy for joining us
34:25today
38:20thank you Kai thank you Shannon for that presentation