Energy & Climate
Final Hurdles for Solar Contract Approval
Town works to finalize contract details and secure a 40% tax credit before the August 26 deadline.
At the Select Board meeting, the Energy Committee reported a $120,000 under-budget solar project cost and the Acting Town Manager reported progress on contract negotiations with Solect. Legal teams are finalizing terms before the August 26 contract deadline to secure a 40% federal investment tax credit. A new online “solar dashboard” will track project updates and be available on the Energy Committee web page.
Truro’s Solar Sprint: Beating the Clock for Almost $2 Million in Savings
Tax Credit Rules Drive Urgent Procurement
Truro aims to secure a 40% federal tax credit by late August for its landfill solar project. Partnering with PowerOptions and Solect Energy is offering speed, savings, and safe harbor credit compliance.