Solar Panel Canopies
Innovations in Renewable Energy
At Clearwater Reserves, we can make your business's energy profile something to be proud of. Go 100% renewable with our solar panel installations to reduce your CO2 emissions and do your part to keep East Texas green!
Solar Eclipse Canopies™
Clearwater Reserves, LLC is excited to announce the launch of our new solar parking canopy division, a cutting-edge addition to our portfolio of clean and sustainable energy solutions. This innovative technology harnesses the power of the sun to provide clean, renewable energy for commercial and residential properties. Our solar parking canopies not only provide shade and protection for vehicles, but also generate electricity through photovoltaic panels, helping to reduce energy costs and carbon emissions right on developed land where the energy is used. These solar cover structures bring welcome shade and hail protection in parking lots. We are proud to offer this sustainable and cost-effective solution to our customers, helping them to reduce their environmental footprint and contribute to a cleaner, healthier future.
Our team of experts is dedicated to providing the highest level of service and support to ensure the success of every solar power installation. Please contact us with any questions.
Financing Your Solar System
Implementation with No Capital Outlay
As a business, you can implement a solar system with no capital outlay, using a Purchase Power Agreement, or you can invest in your solar project to take advantage of the Investment Tax Credit (ITC) and related tax advantages (e.g., Accelerated Depreciation).
Purchase Power Agreement
A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing, and installation of a solar energy system on a client’s (offtaker’s) property (Net Metering) or nearby property (Virtual Net Metering) at no cost to the offtaker. The offtaker agrees to purchase the energy generated by the system for a period of 20 years, typically at a rate lower than what the offtaker would pay its utility company.
The benefits of the PPA include:
Predictable energy costs for the portion of the energy utilized by the offtaker; the offtaker only pays for the solar energy they use
Usually lower energy rates relative to current and future utility/grid power rates
Utilization of renewable energy in fulfillment of sustainability goals
Hedging opportunity using the 20-year PPA, because you will have a contracted energy rate for 20 years
Direct Purchase or Investment
If a company has the available capital to purchase its own solar system, the federal government provides significant financial incentives for purchasing or investing in solar energy systems.
Investment Tax Credit. The federal government provides a tax credit (a credit against income tax owed) worth 30% of the installed cost of an energy system, based on the year that construction begins. It is dollar-for-dollar, uncapped tax credit that can be carried forward into future tax years.
Accelerated Depreciation and Bonus Depreciation. The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method that allows the owner of the solar energy system to accelerate the depreciation based on the installed cost of the project. Rather than depreciating the cost over 20 or 25 years, the owner can depreciate the cost of the solar energy system in just 5 years. The depreciation benefits are a deduction against income, which reduces your tax liability.