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State and federal governments are investing millions of dollars in America’s energy future through numerous complicated and quickly changing programs offering incentives and tax deductions to renewable energy technology adoption by companies across the country. In New York, the vast majority of that money is focused on developing solar power, and that creates revenue and savings opportunities for companies with vacant parcels, large rooftops, and open spaces that can be used to capture the sun.
The way such projects are financed, developed, and ultimately benefit the landowner can be confusing, and comparing opportunities can be impossible without understanding the technology, economics, and incentives driving them.
- On-site solar and electric vehicle project details
- State and federal monetary incentives
- Economic benefits of different types of solar projects
- Solar project considerations
- Off-site solar options, including net metering and subscriptions
- Hosting solar projects
- Revenue structures for solar projects
- Legal and negotiating points when interacting with subscriptions and developers
Matthew A. Eldred, Attorney – Harter Secrest & Emery LLP
Matt leverages his extensive experience in deal negotiation while representing clients in all stages of renewable energy development, including negotiating subscription agreements, power purchase agreements, revenue sharing agreements, and leases in New York’s highly-technical solar energy industry, with projects ranging from less than one megawatt of distributed generation to utility-scale projects of 50 megawatts and larger across the country.
In addition, Matt is a corporate transactional attorney and assists private equity and strategic firms with mergers and acquisitions in the middle market. He is also a trusted advisor to a variety of private and public corporations, professional entities, and small businesses assisting with a broad range of general corporate and transactional matters, including corporate structuring, internal governance, and trade partner negotiations.
Michael Hedges, Director of Business Development – Power Management
Michael has worked for Power Management for almost nearly 8 years and currently serves as the Director of Business Development. Recently returning to Rochester from Power Management’s Boston office, Michael serves as a trusted energy advisor to the Commercial, Industrial, Municipal and Higher Education markets throughout New York State and New England. His expertise includes strategic energy procurement planning and contract execution, renewable & energy efficiency project development, community solar subscriptions, EV Charging facilities, incentive program management (including Federal, State & Utility), and general consulting to client-energy endeavors.
Michael received his Bachelors of Science in Business Management with minors in Corporate Finance & Marketing from St. John Fisher College in Pittsford, NY. Prior to his career with Power Management, Michael chased his passion working for a local renewable energy firm to develop onsite solar projects in the residential, agricultural and commercial markets throughout NYS. Michael and his previous firm was notably the exclusive solar provider for New York’s first Solarize Program hosted by Madison County.