Benefits
Architects, Developers, Owners, and Tenants benefit with NEXT OPV.
WHERE WILL NEXT OPV BE USED?
Anticipation is growing for commercial availability of NEXT OPV with owners, developers and architects planning sustainable, net zero commercial, industrial, and residential projects.
NEXT’s BIPV (Building Integrated Photovoltaic) is a glazing system that enables onsite renewable energy production without compromising the aesthetics of the building design.
Vision Glass
Balustrades
Spandrel Glass
Canopies
EMPOWERING NET ZERO WITHOUT COMPROMISE
ARCHITECTS
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Excellent aesthetics
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Meet energy and on-site solar building codes
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Trusted supply chain
DEVELOPERS/
OWNERS
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On-site energy production
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40% Investment Tax Credit
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Sustainability Certifications for higher lease value
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30+ year durable, stable OPV materials
FABRICATORS/
LICENSEES
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Differentiated, value-added solution
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Integrates into existing operations
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Diversified product portfolio
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Eligible for Inflation Reduction Act Investment Tax Credit (ITC) domestic manufacturing incentives
OCCUPANTS
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Reduced carbon emissions
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Lower energy use
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Cleaner, more sustainable environment
TAX INCENTIVES LOWER UPFRONT COSTS
BIPV Project Eligibility
In the United States, buildings integrating NEXT OPV facades qualify for a minimum 40% investment tax credit (ITC), lowering upfront costs.
From the Department of Energy
“ Structures holding the solar PV system may be eligible for a solar ITC if the solar PV system is designed with the primary goal of electricity generation and other uses of the structure are merely incidental.
Though structural components typically do not qualify for the ITC, the IRS noted an exception for components “so specifically engineered that it is in essence part of the machinery or equipment with which it functions.
Therefore, building-integrated PV, like solar windows, shingles, or facades, which provide a dual function are eligible for the ITC.
Tax Credit Rates
The baseline credit is 30% with additional bonus credits for domestic content, energy community, and income. NEXT is domestically manufactured making it eligible for a 40% minimum ITC.