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Two ways to back the AURA wave.

The federal Section 48E credit, 100% bonus depreciation, and the December 31, 2027 placed-in-service deadline have re-shaped how residential solar gets financed. Raynora is one of the few residential operators built around the new structure. This program invites accredited investors into the part of that machine they want to own — the systems we install, or the company building the pipeline.

Raynora's investor program is invitation-only and limited to accredited investors, with two tracks: Track 1 owns the residential solar systems Raynora installs and captures the 30% Section 48E federal Investment Tax Credit plus 100% bonus depreciation, and Track 2 is equity in Raynora itself. Applications run through [email protected]; offering documents are provided only behind the access gateway.

Request an invitation Why now
30% Section 48E base ITC
+10% Domestic content adder
100% Bonus depreciation (OBBBA)
Why now

The window is narrow and dated.

Three pieces of federal tax law converged in 2025. Together they create the most attractive residential-solar tax structure in a decade — and a hard date to execute against.

On December 31, 2025, the residential 30% solar tax credit (Section 25D) expired permanently. The 30% federal credit didn’t go away — it migrated to the commercial side under Section 48E, claimable only by the commercial owner of the system. Raynora’s AURA program is built on that structure: a commercial leasing entity owns the system, claims the credit, and passes the value back to the homeowner. Investors who fund those systems are the ones claiming the credit.

The One Big Beautiful Bill Act, signed in 2025, restored 100% bonus depreciation permanently for qualified property placed in service after January 19, 2025. That stacks on top of the ITC. For accredited investors with material federal tax liability, the combination of 30% ITC, the +10% domestic content adder where it applies, and 100% bonus depreciation in year one is rare on this side of clean-energy investing.

The governing date is now December 31, 2027, the placed-in-service deadline for new §48E projects. Projects that established safe harbor before the July 4, 2026 cutoff carry runway through December 31, 2030, which is why safe-harbored deal flow is the most valuable inventory in the program. The shape of every conversation is governed by those two dates.

The two tracks

Own the systems, or own the platform.

One ticket buys you tax-advantaged ownership of specific solar projects. The other buys you a stake in the company executing the AURA playbook across 37 states. Both are invitation-only.

Track 1 — Project tax-equity.

Own the residential solar systems Raynora installs. Capture the federal tax stack.

  • Section 48E base ITC — 30% of eligible basis on commercial-owned residential solar property, claimable in the year the system is placed in service (subject to prevailing wage and apprenticeship requirements).
  • Domestic content adder — +10% on projects meeting the steel/iron and manufactured-product thresholds. Total ITC on qualifying systems can reach roughly 40% of eligible basis.
  • 100% bonus depreciation on the depreciable basis (reduced by half the ITC) under OBBBA, for property placed in service after January 19, 2025. Typically front-loads the tax recovery materially in year one.
  • Cash flow from the underlying lease or PPA payments over the system life, plus residual at end of term.
  • Deadline-locked. Safe-harbored projects locked before the July 4, 2026 cutoff are scarce, dated inventory with install runway through December 31, 2030. New §48E origination in this track must be placed in service by December 31, 2027.
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Who fits Track 1. Accredited investors with meaningful federal tax liability in the year of placed-in-service. Family offices and high-net-worth individuals with active tax planning are the typical profile. Specific minimums and partnership structures are documented in the offering materials behind the gateway.

Track 2 — Strategic equity in Raynora.

Take a position in the company building the AURA platform.

  • Equity in Raynora Solar LLC — the operating company running customer acquisition, sales, project origination, and partner programs across 37 states.
  • Exposure to the AURA pipeline at the platform level, not at the per-project level. Returns realized through company performance and a future liquidity event.
  • Investor relations cadence: regular operating updates, audited financials when available, and direct line to the founding team.
  • Strategic value-add encouraged. Capital plus distribution, capital plus regulatory expertise, capital plus a network — we’d rather take less of the right money than more of the wrong money.
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Who fits Track 2. Accredited investors, family offices, and strategic / corporate investors who want long-cycle exposure to residential solar through an operating platform rather than a portfolio of individual systems. Round size, valuation, and instrument are disclosed only behind the gateway.
Common questions

The straight answers.

Who can invest?
Both tracks are limited to verified accredited investors as defined in Rule 501 of Regulation D under the Securities Act. Accredited verification is part of onboarding; no investment moves forward without it.
What's the minimum check size?
Minimums differ by track and by specific offering. Disclosed only behind the program gateway, in the offering documents furnished to verified accredited investors. We don’t publish minimums on the public side because public solicitation of specific investment terms triggers tighter SEC compliance than is appropriate for the stage of this program.
How does Section 48E differ from the old residential credit?
The old residential credit (Section 25D) expired December 31, 2025 and was claimed directly by the homeowner on their own return. Section 48E is the commercial credit and is claimable by the commercial owner of the system — in the AURA structure, that’s the tax-equity investor. The homeowner’s benefit is reflected in AURA pricing, realized immediately rather than as a rebate.
How does 100% bonus depreciation actually work here?
Under the One Big Beautiful Bill Act, 100% bonus depreciation was restored permanently for qualified property placed in service after January 19, 2025. For Section 48E solar property, the depreciable basis is reduced by half the ITC, then expensed in year one. The combined effect for the tax-equity investor is typically a substantial first-year tax recovery. Tax treatment depends on individual circumstances; consult your tax advisor.
What is the July 4, 2026 Safe Harbor?
July 4, 2026 was the IRS-set safe-harbor cutoff under Notice 2025-42. Projects that established beginning-of-construction (typically via the 5% spend safe harbor) by that date lock in the 30% Section 48E benefit and retain the install window through December 31, 2030. That cutoff has passed. All other new §48E projects must be placed in service by December 31, 2027. Track 1 framing: safe-harbored projects locked pre-July-4 are scarce, dated inventory with a 2030 runway. Scarcity is the investor story.
How will I receive tax documentation?
Track 1 partnerships issue Schedule K-1 for the investor’s share of credits, depreciation, income, and deductions. Track 2 equity in Raynora is structured separately and documentation is appropriate to the instrument. Specifics are in the offering documents.
How do I apply to be considered?
Use the form below or email [email protected] with which track you’re interested in, your accredited status, and the approximate check size you’re considering. We review every inbound within 2 business days. If we move forward, we’ll issue an access code and the full program details unlock.
Is this an offer to sell securities?
No. This page is informational only. Any investment in Raynora or in solar projects sponsored by Raynora is made only pursuant to definitive offering documents furnished to verified accredited investors. See the disclaimer in the footer.
Request an invitation

Tell us about you.

We review every inbound within 2 business days. Existing relationships and warm introductions receive priority. If we move forward, we’ll issue an access code that unlocks the program details.

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Inbound received.

We’ll review and reach out within 2 business days. If we move forward together, you’ll receive an access code that unlocks the offering documents and onboarding flow.

Important disclosure

This page is informational only and is not an offer to sell or a solicitation of an offer to buy any security. Any investment in Raynora Solar LLC or in solar projects sponsored by Raynora will be made only pursuant to definitive offering documents furnished to verified accredited investors as defined in Rule 501 of Regulation D under the Securities Act of 1933.

Investments in private securities are illiquid and involve substantial risk, including the risk of loss of principal. Past performance is not indicative of future results. Forward-looking statements regarding tax treatment, federal tax credits, depreciation, and IRS deadlines are based on current law and IRS guidance as of the date of publication and are subject to change. Tax treatment depends on individual circumstances and you should consult your own tax, legal, and financial advisors before making any investment decision.

References to Section 48E, Section 25D, IRS Notice 2025-42, and 100% bonus depreciation under the One Big Beautiful Bill Act are summary descriptions provided for general context and are not tax advice.