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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
michelle.fontaine@logisticsplus.net

Jenny Melgert -VP of Supply Chain
jenny.melgert@logisticsplus.net

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