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Commercial Solar for O&G

Off Grid Innovations (“OGI”) Commercial and Industrial Solar Division Focuses on the Oil and Gas Industry.

Our Approach to Transition

At OGI, we are committed to developing renewable energy projects that enhance and complement upstream and midstream assets. Our focus is on scalable and efficient operations that align with our dedication to environmental stewardship. By identifying opportunities in solar and storage technologies, we prioritize investments that offer repeatability, scalability, and long-term value, supplying energy to the communities in which we operate.

OGI is focused on the transition from O&G to Renewable Energy, but the transition will not happen overnight. And we will be reliant on the oil and gas industry for another 30-50  years. Thus, over the next ten Years OGI has committed to reduce the O&G carbon footprint by taking all O&G businesses to strictly use renewable energy. OGI will make the entire O&G industry Net Zero by 2030. The O&G industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022.

Oil is crucial to the global economic framework, impacting everything from transportation to heating and electricity to industrial production and manufacturing.

Investors looking to enter the oil and gas industry can quickly be overwhelmed by the complex jargon and unique metrics used throughout the sector and when you pair the O&G jargon with the Renewable Energy Jargon, it makes it very difficult to find the proper experts to help your O&G business switch to renewable energy. This why OGI has created a large Broad of Advisors, that consist of O&G executives from upstream, midstream, and downstream businesses.

OGI is designed to ensure our customers understand the fundamentals of renewable energy. OGI has two goals when working with a new O&G customer.

  • Goal 1: Help the O&G company switch to renewable energy to power their O&G operations.
  • Goal 2:Help the O&G customer understand the potential ways that they can evolve their Oil & Gas Business into a Renewable Energy Business. Whether is be through blue or green hydrogen, biomass, or other renewable fuels. Who better to help grow the renewable fuel business than the individuals that created the fuel business.

Currently we OGI will start construction on 30 MWs of renewable energy projects that support the upstream and midstream sectors in Q4 of 2024. OGI also acquires, operates, and executes renewable energy projects beyond the oil and gas industry, building a scalable portfolio focused on decarbonization and supporting the energy transformation.

Frequently Asked Questions

Think of solar as an investment that actually provides a return. A custom designed solar energy system will help you hedge against rising energy costs, reduce building operating costs, increase property value, show your commitment to the environment and elevate community goodwill.

Utilities can be one of the largest business expenses. Energy costs have been rising at around 3% per year. Solar energy will lock in your electric rates for 20 years or more. Over the years you’ll protect your bottom line, reduce your overhead and keep more of your money available for your business or organization.

Project finance is an important component of solar, and we are happy to provide our expertise in this area alongside our technical expertise. In addition to loans and leasing, our solar experts can provide a structured financing product such as a Power Purchase Agreement (PPA).

While commercial solar does an excellent job offsetting typical use, businesses that accrue demand charges would still have to pay their utility the high-costs of having enough energy available to meet spikes in demand. Energy storage systems can solve this problem through a process called Peak Shaving. By using reserve batteries to meet high-demand, instead of relying on your utility for quick bursts in demand for electricity, a commercial solar system paired with energy storage can shave its own peaks without incurring those pesky demand charges.

The three most common commercial solar incentives are the federal solar investment tax credit (ITC), MACRS investment depreciation, and USDA REAP grants.

The ITC will offset up to 30% of a commercial solar purchase in the form of a federal tax credit. To qualify for the ITC, a business must have a tax liability upon filing. 

MACRS investment depreciation is available for every commercial solar system. This is a method of depreciation in which a business’ investments are recovered for tax purposes over a specified period via annual deductions.

Available to agricultural producers, USDA REAP grants are available in select rural towns across the country with a population below a certain threshold and covers 25% of a solar investment up to $500,000 for qualifying businesses.

In addition to these, a few local utilities and municipalities offer incentive programs of their own that can be added for even more savings.

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