SolarCast LLC

SolarCast, LLC is a manufacturer of renewable energy portable power products and a renewable energy project development and consulting services company.SolarCast, LLC is headquartered in Pittsburgh, PA and markets products and services in the US, Canada and Mexico.

SolarCast, LLC was founded in April of 2011 as a renewable energy project development company with a focus on commercial scale solar and wind projects in southwestern Pennsylvania. With the expiration of the Federal Wind Energy Production Tax Credit (PTC) and the rapidly declining Pennsylvania Solar Renewable Energy Credit (SREC) price, SolarCast suspended renewable energy project development in Pennsylvania to design and build a renewable energy portable power product prototype in December 2011. After rigorous testing of the renewable energy portable power product for over a year, SolarCast determined that the product exceeded operational expectations and viable market segments were favorable to selling multiple units. During testing, several improvements and options were identified as key features to enhance the value of the product. SolarCast has added these features to the second generation design of the product and expects to begin production in late June or early July of 2013.

Going forward, the SolarCast business lines will include design, manufacturing and marketing of additional renewable energy portable power products as a primary business line and renewable energy project development and consulting services as a secondary business line. Our extensive experience in design, construction and operation of renewable energy wind and solar projects uniquely qualifiesSolarCast to excel in all of these business lines.

Incentives & Rebates

Electricity Costs

Lower Your Overall Electric Bill

Installing a solar system will reduce your overall electric utility cost. Because solar systems provide power during daytime peak utility generation hours, demand charges can be reduced or eliminated based upon the output of your system. Although a solar system will degrade over its lifecycle, a portion of your electricity costs will be fixed.

Federal Incentives

Investment Tax Credits

A 30 percent federal tax credit incentive of the overall solar system cost is available to companies with a taxable income. The tax credit is applied against income taxes for the company's annual income tax statements. If the entire tax credit cannot be applied within the first year, the remaining portion of the tax credit may be applied over the company's annual income tax statements for up to an additional for yours. Please consult your tax professional for advice on the tax credits.

State Incentives

Grant or Rebate Programs

Many states offer a state grant or rebate program to assist in offsetting the installation cost of a solar system. Typically these state programs offer a grant or rebate based upon the size of the solar system in kilowatts and a maximum benefit in kilowatts or dollars. SolarCast will review the applicable state programs to maximize the grant or rebate for your system.

Local Incentives

Grant or Rebate Programs

Some municipalities offer a grant or rebate program to assist in offsetting the installation cost of solar system. Typically these local programs offer a grant or rebate based upon the size of the solar system in kilowatts and a maximum benefit in kilowatts or dollars. SolarCast will review the applicable local programs to maximize the grant or rebate for your system.

Utility Incentives

Rebate Programs

Many electric utilities offer a rebate program to assist in offsetting the installation cost of a solar system. Typically these utility programs offer a grant or rebate based upon the size of the solar system in kilowatts and a maximum benefit in kilowatts or dollars. Most utility rebate programs require the solar system owner to assign the Renewable Energy Credits (RECs) to the electric utility. SolarCast will review the applicable utility programs to maximize the rebate for your system.

RECs

Renewable Energy Credits

Some states require electric utilities to meet a renewable portfolio standard (RPS). which defines a percentage of all electricity generated to come from renewable energy generation sources. Some states have a specific RPS for solar electricity generation. Electric utilities can meet the RPS requirements by building renewable energy credits. Renewable energy credits for solar electricity are known as renewable energy credits (RECs). An REC is based upon 1000 kilowatt-hours of electricity produced by a solar system, whether the owner consumes the electricity produced or the excess energy is put back out on the electricity grid. RECs can be sold to any electric utility within the owner's operating grid that supports renewable energy credits.