Utility Scale Solar Projects - Get Large Federal Tax Credits

Join the Solar Community and Benefit from Federal Tax Incentives

An African proverb says…”If you want to go fast, go alone: if you want to go far, go together.”

As you may have heard, there are no longer any Federal tax incentives to install residential solar. However, there are large Federal tax incentives for commercial renewable energy projects and utility scale solar.

Some of the Commercial Federal Tax Credits and Incentives

The Investment Tax Credit (ITC)
Production Tax Credit (PTC)
Modified Accelerated Cost Recovery System (MARCS)
Bonus Depreciation
Energy Community Bonus
Domestic Content Bonus
Low-Income Community Bonus
Clean Energy Investment Credit (48E)

So is there any way for you to benefit from these substantial tax incentives to help pay for your solar and energy storage system?

HDM Renewable Finance Makes it Possible

The Solution

You can partner with HDM and they will help you benefit from the commercial tax incentives given to large utility scale solar projects. They do this by aggregating thousands of residential solar system projects together, forming the power generation of a utility scale solar project with massive energy storage of batteries. To get these tax incentives, HDM must own, monitor and maintain the solar system for six years to take advantage of all the tax incentives.

HDM was designed to manage all the complicated commercial tax laws, find corporate tax equity investors to help fund these projects…And, most important to you, reduce your upfront costs and simplify the process — so you can start saving right away, without navigating complicated tax incentives or paying full price.

What is HDM Solar Financing?

HDM is a specialized financing company that helps homeowners access the tax benefits usually reserved for utility-scale solar companies. This means that HDM can offer you a much lower cash purchase price, with full system ownership after six years. It also means that your system's tax and depreciation incentives are built into the purchase price.

HDM is Not Doing this for Charity

HDM Renewable Finance helps tax equity investors use renewable energy projects to obtain the large tax incentives that solar projects provide. They do this by aggregating hundreds of residential solar and energy storage systems to provide “utility scale” power.

For the first six years, you own the electric power and give HDM the ownership of your solar system (time they must own system to get all the tax incentives). In turn, you receive significant upfront discounts from HDM to help fund your solar project. Day one of year seven, they transfer the ownership of the solar system to you at no additional cost.

HDM takes care of all the utility scale commercial tax incentives… you do not need to worry about waiting for a tax refund next time you file your taxes… and you do not have the hassle of getting your CPA involved. Instead, you get the incentives upfront in the form of a discount on your solar system including your batteries.
You do not pay any money directly to HDM… you pay Got Watts either in the form of a cash payment or through our Go-Green financing option from Travis Credit Union.
By partnering with HDM, you receive discounts that you cannot get on your own.

It’s a win for HDM, for the investors and for you! It’s a win, win…win! Got Watts makes everyone happy!!!

Why is the HDM Upfront Discount so Large

Because they can take advantage of tax credits, tax depreciation and bonus tax incentives available to utility scale commercial solar projects. Keep in mind, you cannot get these tax incentives on your own.

Explanation of the Substantial Discounts:

For example, let’s say a large solar system costs $75,000. But the electric power it creates and stores over the “20 year” life of the system is worth $150,000.

Some of the commercial tax incentives will be based on the $150,000 valuation of the electric power created and energy stored, allowing HDM to give you a much larger upfront discount.

A solar Production Tax Credit (PTC) is a federal incentive that gives a per-kilowatt-hour (kWh) tax credit for electricity generated by a qualified solar project for years of operation. Unlike, the one-time Investment Tax Credit (ITC), which is based on the initial installation cost, the PTC provides ongoing financial benefits based on the system's actual energy production, making it a powerful incentive for large-scale projects in high-sun areas.

The price HDM shows on the paperwork is based on the power your solar system will create over 20 years. The value of the power created is far greater than the price of the equipment and installation.

Large Discount on Your Solar Project… How is it Possible?

HDM Renewable Finance helps corporate tax equity investors use these solar projects for tax “write-offs”… lowering their corporate gains tax. These investors help pay for the cost of these renewable energy power production projects.
HDM takes care of the complicated power tax credit, additional tax incentives (includes installing domestic product and energy community incentives) and tax depreciation on the solar system…. Then gives you a substantially upfront discount for your solar project.

This significant upfront discount gives you even more savings making the switch to solar in comparison to staying with PG&E.

How Do You Take Advantage of the HDM Upfront Discount?

You will agree to give HDM the ownership of the solar system for the first six years, you will own the power for these 6 years. It is important to note, that you will not make any payments to HDM in this transaction. You are only responsible to pay your portion of the system cost to Got Watts. The day after the sixth year, HDM will transfer the ownership of the solar system to you at no additional cost.

After the savings from HDM’s pre-payment made to Got Watts… You pay for the discounted amount of the solar system..

You can either pay this in cash or with Go Green financing at zero down and an affordable monthly payment.

Frequently Asked Questions

Do I Have to Pay Additional Money to Own the System?

No, per the HDM Memorandum of Understanding in the Got Watts agreement, HDM will pass ownership of the solar system and all warranties back to the property owner after 6 years of production at zero cost.

This is accomplished by allowing the property owner the option to “purchase” the system per the agreement. HDM will send property owners a transfer notice, and they will have the choice to take possession at no additional cost or remain in the agreement. The “purchase” is a trade for the energy yet delivered against the established fair market value.

What Happens if I Sell My Home Before I take Ownership of Solar System?

If you sell your home before your six anniversary of your HDM agreement, you are able to simply transfer the agreement to the new homeowner. They will immediately own the power the system creates and receive the transfer of the solar system ownership at no additional cost, at the six year anniversary date per the original agreement.

The new homeowner must approve an agreement for the transfer of the original HDM agreement to them as the new home owner. The cost of transfer is $250 for the power purchase agreement and $250 for an energy storage service agreement.

If you paid cash at the time of the original solar system installation, you will not have any additional personal costs. If you financed your HDM solar system agreement, then you will need to pay the finance company the amount owed, most often from the proceeds of the home sale.

What if HDM Goes Out of Business?

It is unlikely that HDM Renewable Finance will go out of business as they are backed by billion dollar tax equity investors including large corporate entities. They have also shown strong financial stability and substantial growth since their beginning in 2017. Their founders are veteran residential solar sales and finance professionals with a mission to offer simple and affordable financing for solar system ownership.

If they did go out of business, most likely their assets would be transferred to a new finance company who would honor your original agreement. If that was not the case and HDM went bankrupt with no other company purchasing their assets, you would have an option to take ownership of the system before your six year anniversary.

How Does the Warranty Work Once I Take Possession of the System?

With Got Watts as your HDM installation partner, you will receive a 30 Year Solar Insure Warranty on all parts, labor and roof penetration. Plus, the 30 year warranty has transferable ownership ($0 transfer fee) for all HDM solar systems installed by Got Watts. This is an incredible warranty that actually protects you.

Got Watts is an Elite Partner of Solar Insure and the first to offer this 30 Year Warranty with HDM solar system installations. Solar Insure is backed by Zurich North America, one of the largest insurance companies in the United States.

If you received ownership on your sixth anniversary with a HDM agreement, without Solar Insure, you would only have manufacture warranties on the equipment, no labor warranty and no roof penetration warranty. Also, the most popular home batteries have a 10 year manufacture warranty and you would be responsible for replacement cost thereafter.

Give yourself peace of mind knowing your entire solar system, including the batteries and labor service cost are taken care of for 30 Years. It’s part of the Got Watts Difference!