by Kelley Rendziperis, on Aug 30, 2023 9:00:00 AM
Site Selection Group’s economic incentives practice identified, negotiated and secured meaningful and realizable state and local incentives on behalf of Bila Solar for their newly announced solar module manufacturing facility and headquarters in Indianapolis, Indiana.
Bila Solar announced plans to renovate a 150,000-square-foot existing facility in Indianapolis to manufacture 1 GW of ultra-light glassless, frameless solar modules. The light weight and thinness of the modules enable them to be deployed in various applications, including low load-bearing commercial and industrial roofs, waterproof membrane roofs, integration into vehicles for solar power, off-grid use and even on curved surfaces.
“Our team, in collaboration with the Indiana Economic Development Corporation, the City of Indianapolis, Develop Indy and Conexus, moved swiftly to ensure Bila Solar could make a site decision resulting in the best return on investment while capitalizing on the Inflation Reduction Act incentives”, explained Kelley Rendziperis.
Site Selection Group was pleased to be a part of Bila Solar’s entry into the United States, offering an innovative product that can be utilized for various applications that traditional panels cannot. The performance-based economic incentives included refundable tax credits, training grants, manufacturing equipment grants and property tax abatements.
Production is set to begin in the summer of 2024.
More information about Bila Solar's landmark project can be found through pv magazine and the Indianapolis Business Journal.
About Bila Solar
About Site Selection Group
Site Selection Group LLC is a leading, independent location advisory, economic incentive, and corporate real estate services firm providing solutions to corporations and communities worldwide. Site Selection Group offers four core services to our customers: Location Advisory, Economic Incentive, Corporate Real Estate, and Economic Development Consulting Services. Site Selection Group's mission is to align the needs of corporations with optimal locations in order to provide the absolute maximum economic benefit. For more information, visit www.siteselectiongroup.com.
