We are focusing our "American Made" off grid utility container deployment efforts in the Southeast area of Virginia including the Eastern Shore and the "Seven Cities."
Off grid utility containers are positioned within "Low Income Communities" defined by the Inflation Reduction Act or the "Opportunity Zones" shaded in purple on the map.
We deliver turnkey off grid climate-controlled storage containers for individual use or for use in one of our rental programs.
For example, the average cost for a 40 x 8 x 8.5 climate controlled solar storage container is currently $58,000. Containers enrolled in our rental program are eligible for special financing at 3.9% with a down payment of $18,000. The remainder of the balance, insurance and management fees are paid through future recurring rental income.
The Incentive Tax Credit (ITC) in the example above is approximately $25,000 which represents fifty percent of the solar and energy storage investment of $50,000. (The ITC is the base 30% of the solar and energy storage investment, plus 10% for qualified American made products plus 10% for deployment in a low-income community. The storage container itself and the climate controlling unit are not eligible for the ITC credit.)
Investors are further able to depreciate a portion the cost of the investment which in some cases will generate additional tax benefits.
This example is representative of a typical single unit purchase. Please contact us to discuss the best investment mix to meet your particular financial strategy.
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