Skip to main content
Solutions

Our Solutions

Explore the comprehensive range of tailored solutions Madison offers to address your energy needs.

Introducing MEI+Spotlights

For Customers

For Partners

ResourcesSpotlightsAbout
MEI+Contact
Solutions
For CustomersFor PartnersIntroducing MEI+Spotlights
ResourcesAbout
Contact
News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

Download resource

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

At MEI, we elected in most cases not to safe harbor projects. This had more to do with the carrying costs, financing costs, absurd legal costs (what else is new) and expectation of price declines related to modules. We certainly didn’t anticipate a pandemic to be the reason we were thankful not to utilize a safe harbor strategy.Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit. But even the most carefully laid plans didn't account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry. As of March 10, most cases of the virus have been reported in China, the epicenter of solar manufacturing. Extended factory shutdowns in February had the solar industry bracing for possible impact. For many U.S. solar developers, spending 5 percent of a project’s total cost on modules and other equipment became the preferred safe-harbor method. Now, some industry watchers worry that delays caused by COVID-19 may force companies to choose between running down their module supply stowed in warehouses or making force majeure claims on some projects. via Greentechmedia

Share post:

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Ready to get started on your energy project?

Contact our team
News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

At MEI, we elected in most cases not to safe harbor projects. This had more to do with the carrying costs, financing costs, absurd legal costs (what else is new) and expectation of price declines related to modules. We certainly didn’t anticipate a pandemic to be the reason we were thankful not to utilize a safe harbor strategy.Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit. But even the most carefully laid plans didn't account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry. As of March 10, most cases of the virus have been reported in China, the epicenter of solar manufacturing. Extended factory shutdowns in February had the solar industry bracing for possible impact. For many U.S. solar developers, spending 5 percent of a project’s total cost on modules and other equipment became the preferred safe-harbor method. Now, some industry watchers worry that delays caused by COVID-19 may force companies to choose between running down their module supply stowed in warehouses or making force majeure claims on some projects. via Greentechmedia

Share post:

Get our newsletter

Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Ready to get started on your energy project?

Contact our team

Related

See All

News

Introducing Your New Billing Portal

News

Introducing Your New Billing Portal

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Coming Soon to a Classroom Near You!

News

Coming Soon to a Classroom Near You!

News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

Download resource

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

At MEI, we elected in most cases not to safe harbor projects. This had more to do with the carrying costs, financing costs, absurd legal costs (what else is new) and expectation of price declines related to modules. We certainly didn’t anticipate a pandemic to be the reason we were thankful not to utilize a safe harbor strategy.Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit. But even the most carefully laid plans didn't account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry. As of March 10, most cases of the virus have been reported in China, the epicenter of solar manufacturing. Extended factory shutdowns in February had the solar industry bracing for possible impact. For many U.S. solar developers, spending 5 percent of a project’s total cost on modules and other equipment became the preferred safe-harbor method. Now, some industry watchers worry that delays caused by COVID-19 may force companies to choose between running down their module supply stowed in warehouses or making force majeure claims on some projects. via Greentechmedia

News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

At MEI, we elected in most cases not to safe harbor projects. This had more to do with the carrying costs, financing costs, absurd legal costs (what else is new) and expectation of price declines related to modules. We certainly didn’t anticipate a pandemic to be the reason we were thankful not to utilize a safe harbor strategy.Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit. But even the most carefully laid plans didn't account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry. As of March 10, most cases of the virus have been reported in China, the epicenter of solar manufacturing. Extended factory shutdowns in February had the solar industry bracing for possible impact. For many U.S. solar developers, spending 5 percent of a project’s total cost on modules and other equipment became the preferred safe-harbor method. Now, some industry watchers worry that delays caused by COVID-19 may force companies to choose between running down their module supply stowed in warehouses or making force majeure claims on some projects. via Greentechmedia

News
No items found.

Coronavirus Challenges Supply Chain and Tax Credit Strategies

March 11, 2020

At MEI, we elected in most cases not to safe harbor projects. This had more to do with the carrying costs, financing costs, absurd legal costs (what else is new) and expectation of price declines related to modules. We certainly didn’t anticipate a pandemic to be the reason we were thankful not to utilize a safe harbor strategy.Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit. But even the most carefully laid plans didn't account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry. As of March 10, most cases of the virus have been reported in China, the epicenter of solar manufacturing. Extended factory shutdowns in February had the solar industry bracing for possible impact. For many U.S. solar developers, spending 5 percent of a project’s total cost on modules and other equipment became the preferred safe-harbor method. Now, some industry watchers worry that delays caused by COVID-19 may force companies to choose between running down their module supply stowed in warehouses or making force majeure claims on some projects. via Greentechmedia

Related

See All

News

Introducing Your New Billing Portal

News

Introducing Your New Billing Portal

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Coming Soon to a Classroom Near You!

News

Coming Soon to a Classroom Near You!

+1 (315) 621 4820contact@madisonei.com
Locations
New York
110 Greene Street, Suite 301
New York
,
NY
10012
Southeast
190 19th Street N., Suite 2009
Birmingham
,
AL
35210
D.C. / Northern VA
8484 Westpark Dr., Suite 720
McLean
,
VA
22102
Richmond
1419 W Main Street
Richmond
,
VA
23220
Greater Philadelphia Office
215 Executive Drive
Moorestown
,
NJ
08057
Solutions
MEI+For CustomersFor PartnersSpotlights
Company
AboutResourcesContact
Locations
New York
110 Greene Street, Suite 301
New York
,
NY
10012
Southeast
190 19th Street N., Suite 2009
Birmingham
,
AL
35210
D.C. / Northern VA
8484 Westpark Dr., Suite 720
McLean
,
VA
22102
Richmond
1419 W Main Street
Richmond
,
VA
23220
Greater Philadelphia Office
215 Executive Drive
Moorestown
,
NJ
08057
Newsletter
Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Privacy PolicyTerms of Use
© 2020