Safe Harbor Warehousing

Safe Harbor Warehousing

safe harbor warehousingJust after midnight on New Years Eve 2020, nearly $130 million dollars of Investment Tax Credit (ITC) from commercial and industrial solar projects will be dealt to investors. Taking advantage of the current 30% ITC qualification may be beneficial as the ITC qualification drops to 26% on January 1st, 2020.  To help you receive your investment tax credit in full, Logistics Plus (LP) offers a comprehensive safe harbor warehousing solution, nationwide, to ensure that solar projects won’t fall short of reaching completion. Through our extensive solar experience, beginning in 2009, we are experts in safely handling your modules and accurately capturing the necessary ITC data requirements.

How does a project qualify for Safe Harbor?
1.) A project must be deemed as “started” before the drop in ITC rate with “continuous work”. This means that the project must be started and remain under active construction without interruption in the process.
2.) By investing 5% of the total project cost by midnight of December 31, 2019, you can qualify for the current 30% ITC safe harbor rate.

Planning Ahead
If you plan ahead, the IRS has created legal methods to freeze the 30% ITC rate for future projects that will be completed in 2020, or even a few years beyond. The IRS currently gives an organization four years to complete a safe harbor project, and two years to put it into service. This timeline makes it crucial to select the right safe harbor warehousing partner that will meet all of your projects needs and deadlines.

Safe Harbor Warehousing Solutions
Logistics Plus offers customized Safe Harbor warehousing for just the right size, in just the right place, for just the right length of time. By offering a dedicated team of solar experts, secured facility, customized storage programs, automated inventory control and scanning, trucking access and much more, we are the right partner to manage your solar project.

For additional questions regarding safe harbor warehousing, please contact Michelle Fontaine or Jenny Melgert below.

Michelle Fontaine -Global Sales Manager
[email protected]

Jenny Melgert -VP of Supply Chain
[email protected]

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Erie’s Logistics Plus Brings Sunshine to Southern California

Erie may not be known for delivering sun this time of year, but Erie’s own Logistics Plus is delivering solar power in a big way.  The Mount Signal Solar Farm is the largest solar installation in the world, and Logistics Plus is providing transportation for the solar panels.  The first phase of the $636 million three-phase projects is expected to take 9 months and will convert 1,936 acres of low-yielding farmland into a photovoltaic solar farm near Calexico, California.  The project will employee 950 workers at the peak of its construction, and the total acreage utilized will be 4,500 when all three phases of the project are completed.  A total of 3.1 million solar cells will be transported and installed throughout the project, which will provide electricity to 72,000 households through a 25-year lease agreement with San Diego Gas & Electric.  Best of all, this solar farm will provide this energy without introducing 365,000 tons of carbon dioxide into the environment – the amount produced with fossil fuels.

Logistics Plus was selected for this project because of its expertise in international and domestic forwarding and warehousing.  It is Logistics Plus’s ability to ensure on-time and affordable deliveries that led to their being picked to handle the transportation for this world-class project that will produce clean energy for years to come.
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Pilesgrove Solar

Logistics Plus recently handled all of the “port to door” transportation, warehousing, and transportation management services for the solar farm in Pilesgrove, NJ. The facility will be able to create enough clean energy to power over 5,100 homes and will create over 100 construction jobs. Pilesgrove Solar is the largest PV facility in the northeastern U.S.

For more information on this project and what we can do for the Solar/Renewable Energy sector, please contact Michelle Fontaine.
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