REP'S Safe Harbor Fund

Renewable Energy Partners has created a Safe Harbor Fund that preserves access to federal tax credits for your solar energy projects. Keep tax credits of 30-40% on total project costs, for any projects you may want to do from now through 2030.

But you must act before May 31 to take advantage of this opportunity!

“The City of St. Paul has worked with REP on several successful solar energy projects at city facilities.  The City wanted to continue installing solar energy at city-owned buildings and use federal tax credits to offset the costs.  After thorough vetting by our finance and legal staff, the City signed an LOI with REP for their Safe Harbor Fund with options and flexibility for solar projects in 2026 and beyond.”

Russ Stark, Former Chief Resiliency Officer, City of St. Paul

US Treasury rules allow developers to safe harbor tax credits for projects under 1,500 kilowatts if we “commence construction” on projects before July 2026 by purchasing solar energy equipment equal to 5% of the projected total project cost.  Safe-harboring also requires “continuous effort” on projects, which is met by solar facilities that are interconnected and operating by December 31, 2030.

“From my work at the Institute on the Environment at the University of Minnesota, I knew that federal tax credits for solar energy were repealed.  But I also learned that the tax credits could be extended, and I did not want my hometown of Lindstrom to miss out.  The City applied for a state grant and will work with REP’s Safe Harbor Fund on solar projects at its fire hall and municipal liquor store later this.” Aaron Hansen, UMN Institute on the Environment, Lindstrom resident

REP’s Safe Harbor Fund: here's our offer for prospective customers:

·      REP funds 5% safe harbor requirements for your potential solar projects

·      100% project financing for solar projects with no out-of-pocket costs to you

·      Turnkey development by REP on roofs and sites leased from you

·      Long-term Power Purchase Agreements (PPA) for 100% of the solar energy

·      20-30% savings or more over utility rates on the purchased solar energy

·      Product warranties and 25-year operations and maintenance agreements

·      Option to buy-out the lease and PPA at any time after 5 years

“The City of Brooklyn Center has ambitious plans for redevelopment of our outdated commercial districts as models of advanced green strategies for mitigating and adapting to climate change.  Solar energy is a critical component of that planning, and we signed an LOI with REP to preserve our access to federal tax credits for solar energy we decide to develop through 2030.”  Ian Alexander, Economic Development Director, City of Brooklyn Center

All you need to do is sign a non-binding Letter of Intent and provide a list of potential sites.  We will assess the sites and bring you detailed proposals.

Signing an LOI for REP’s Safe Harbor Fund does not commit you to building any solar project.  It merely preserves your right to use federal tax credits if you do decide to cut your utility costs with solar energy.