GameChange BOS Safeguards Solar Projects with New Treasury Guidelines
GameChange BOS Enhances Project Viability Amid New Guidelines
In recent developments, GameChange Balance of System (BOS) solutions are creating significant opportunities for solar developers and Engineering, Procurement, and Construction (EPC) companies. The new Treasury regulations have removed the previous 5% spend test, thereby allowing developers to maintain project eligibility for crucial tax credits. With over 380 megawatts (MW) of solar capacity safe-harbored through these solutions, GameChange is paving the way for a more viable future for solar projects.
Streamlined Solutions for Solar Developers
The implementation of GameChange BOS Transformers has successfully safeguarded more than 75 utility-scale and community solar projects in the second quarter, with expectations of extending support to over 250 projects in the upcoming quarter. These transformers not only optimize project outcomes but also assist in effectively managing costs, which can be reduced by $2-5 million, even when construction delays arise. Through proactive procurement, developers can ensure that their projects move forward despite the challenges posed by permitting and environmental approvals.
Understanding the New Compliance Requirements
According to the latest guidance, it is essential for developers to complete physical work on projects involving Foreign Entity of Concern (FEOC) equipment by the end of this calendar year. There is also an extended compliance period running from January to early July of the following year for other projects. This emphasis on compliance poses significant challenges, making timelines for achieving necessary tax credits rather unpredictable.
GameChange's Innovative Transformer Manufacturing
GameChange BOS is uniquely positioned to tackle these compliance hurdles through their expert manufacturing of custom-built transformers. These components are crucial for each project and must be tailored to individual specifications, thereby qualifying under the physical work criteria. This proactive approach allows developers to maintain momentum on projects while awaiting necessary approvals.
Rapid Expansion of Safe Harbor Projects
In the recent second quarter, GameChange BOS successfully safe-harbored 76 solar projects with a remarkable total capacity of over 380 MWdc. Their skilled team expertly manages the certification of all requisite work for IRS compliance, thereby enabling more than 250 additional projects to follow suit this year and even expanding the potential capacity to 600 projects by the next year.
Insights from Leadership
Phil Vyhanek, the President and COO of GameChange BOS, underscores the current climate of uncertainty for developers: "Especially with the additional start-of-work requirements, developers face uncertainty around financial predictability and viability. Having a BOS supplier like GameChange manufacture a customized solution creates a reliable, documented pathway to preserve tax credit eligibility and keep projects moving forward." This straightforward and effective approach caters to the actual needs of developers in today’s challenging landscape.
Comprehensive BOS Solutions for Lasting Performance
The capabilities of GameChange BOS extend beyond transformers. The company’s offerings include seamless integration with their innovative Genius Tracker™ systems, designed to provide complete solutions that enhance project flexibility and long-term performance. These systems are pivotal in ensuring that projects not only meet current demands but also thrive in the long run.
Get in Touch for More Information
For those seeking detailed insights or additional information regarding GameChange BOS and their full suite of solutions, contacting Claude Colp, the Chief Commercial Officer, is highly recommended. Individuals can reach out for inquiries and collaboration opportunities to discuss how GameChange's products can empower solar initiatives.
About GameChange BOS
GameChange BOS delivers innovative Balance of Systems solutions, including essential components like transformers tailored for Renewable Energy projects, Battery Energy Storage Systems (BESS), Utilities, Commercial and Industrial sectors, and Data Centers. The company’s commitment to technical excellence is reflected in their robust design and manufacturing processes, which adhere to the highest industry standards through extensive research and rigorous testing protocols.
Boasting state-of-the-art facilities and advanced manufacturing techniques, GameChange BOS ensures reliability and innovation across the markets they serve while reinforcing their position as a leader in the industry. Notably, GameChange BOS is a wholly owned subsidiary of GameChange Energy Technologies Corp.
Contact Information
For further inquiries, please reach out to Lisa Andrews, Director of Marketing at GameChange BOS. Telephone: 203-286-2014. Feel free to contact via email for any questions about their offerings and how they can support your projects.
Frequently Asked Questions
What are the main benefits of GameChange BOS solutions?
GameChange BOS solutions offer increased project viability, substantial cost savings, and compliance with new tax credit eligibility requirements.
How does GameChange ensure compliance with Treasury guidelines?
GameChange maintains IRS compliance through expert management and certification of all physical work, as well as custom manufacturing of transformers tailored to specific projects.
What is the significance of the 380 MW of capacity safe-harbored?
This capacity reflects GameChange's efficiency in supporting developers under the new regulations, allowing them to secure profitable and eligible solar energy projects.
How can developers benefit from the Genius Tracker™ system?
The Genius Tracker™ system enhances project management by promoting flexibility, efficiency, and ensuring optimal performance throughout the lifecycle of solar installations.
Where can I find more information about GameChange BOS?
For additional details, potential partnerships, or inquiries, contacting the Chief Commercial Officer or the marketing team will provide comprehensive insights.
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