Inflation Act Spikes Solar Growth for LCR
ENFIELD, Conn., March 5, 2024 /PRNewswire/ -- Louth Callan Renewables (LCR) launches a long-term partnership with Brooks Construction, the Connecticut based leading civil contractor in the renewable energy industry, to perform the civil construction activities for 45MWs of new solar projects in Maine, Maryland, Delaware, and New York. For every project that LCR grants to Brooks, their MBE status provides government tax incentives that result in additional year over year cost savings of 8.5% to their clients. These projects represent unprecedented growth and new capacity for LCR with launch in March of 2024.
- These projects represent unprecedented growth and new capacity for LCR with launch in March of 2024.
" - The Inflation Reduction Act of 2022 has actually amped up growth expectations for solar installation in the next decade.
- "These projects are important for repeat utility scale business and we want to be well positioned for rapid growth."
- Over 50% of leading solar companies establish three or more partners per project in order to achieve a broad range of benefits.