What projects, initiatives, or types of work have been keeping your team busiest during the first half of 2026?
July 3, 2026 is an important deadline for the federal tax credits for solar projects. We have been busy working with customers to safe harbor equipment for their projects this spring, so that they can take advantage of incentives for projects with timelines stretching into 2028 and 2029.
ReVision Energy has also been busy putting together designs and pricing for on-site battery storage. We’re seeing growing interest in this technology as a means to manage demand charges for large facilities and lessen the use of diesel gensets.
What trends or shifts have stood out most to you so far this year within your industry?
The growing focus on energy storage reflects a broader shift in how businesses manage energy consumption and control costs. As business leaders well know, demand charges can be upwards of 50% of a monthly utility bill for industrial facilities. As the cost of energy storage comes down, many of our customers see this as an excellent way to reduce operating expenses. Also, with time of use rates becoming more prevalent, energy storage provides an opportunity to draw energy from the battery instead of the grid when rates are highest, and recharge the battery when they’re lowest. This can save a facility even more money.
What challenges or opportunities have had the biggest impact on your business during the first half of 2026?
Increased fuel costs hit building owners and developers hard in early 2026, making investments in on-site solar and energy storage more attractive as an opportunity to create long term energy cost stability.
As we look ahead to the second half of the year, what are you watching most closely?
There are more upcoming deadlines for tax credits throughout the remainder of 2026 and ReVision Energy will be working closely with our customers to ensure their projects can monetize federal and state incentives.
We are closely monitoring the development and policy landscape surrounding data center build-out in the Northeast, and exciting developments in renewables, including ‘balcony solar’ as well as a growing trend of manufacturers onshoring solar and battery component production.
As we enter the spring of 2026, the Rhode Island industrial real estate market stands on stable footing, following several years of resilience fueled by constrained supply, steady demand, and dynamic economic conditions.