Midas Wealth Introduces New Community Solar Offering, and Tax Equity Transfer Program.

Midas Wealth recently held a meeting where Cody unveiled exciting updates to their offerings, focusing on a new community solar program. Additionally what you all have been waiting for, a tax equity transfer product.

Below is a recap of the key highlights and next steps for these initiatives.

Community Solar Program: Affordable and Accessible

William Revene introduced Midas Wealth’s new community solar offering, designed to make solar energy accessible to a broader audience. This program allows customers to enjoy a 10-15% discount on their electricity bills for 20 years, with no commitment or cancellation fees or installation necessary. William emphasized the straightforward sales process, guaranteed discounts, and commercial opportunities for entities like hospitals, municipalities, universities, and schools. This initiative is expected to attract a diverse range of customers seeking sustainable energy solutions without long-term obligations.

New Tax Equity Transfer Product: 25% Cash Payout

Cody announced a groundbreaking tax equity transfer product that replaces Midas Wealth’s previous partnership with Tax Hive. This internal offering enables homeowners who install solar panels to receive a 25% cash payout of their system cost at the point of permission to operate (PTO) in the year 2025 and forward. Cody highlighted that this product is likely to apply to 85% of sales, significantly expanding their customer base by an estimated 30%. For customers with higher tax liabilities, the original product (direct outreach) remains a better fit. Midas will create a pros and cons document to help partners guide customers toward the best option for their needs. Stay tuned for launch.

Cody discussed the potential customer base for the pre-2025 PTO option, highlighting its appeal to specific market segments and will be rolling out for select partners this upcoming week.

Team Updates and Training

Cody shared that Sierra recently welcomed a baby girl, and Stevie will serve as the new point of contact for communication and updates. A training session is scheduled for Wednesday to guide the sales team on discussing the new tax equity transfer product.

Partner Incentives and Product Launch

Cody outlined the launch process for the tax equity transfer product, including a large kickback per deal for volume producing partners. Additionally, new partner agreements will be prepared and shared with all volume producing partners next week for review. 

Midas Wealth’s new community solar and tax equity transfer programs represent a significant step toward making solar energy more accessible and financially rewarding for customers. With a focus on transparency, training, and strategic partnerships, the company is well-positioned to expand its reach and impact in the renewable energy sector.