Art's-Way signs $1.4M solar agreement to eliminate 100% of electricity costs

ARTS WAY MANUFACTURING CO INC

Contract price $1,402,336; 5% paid upon signing, 65% before equipment delivery, 30% after final electrical inspection.
Project expected to eliminate ~$155k/year electricity costs over 30-year estimated useful life.
Eligible for 30% federal Investment Tax Credit and applied for USDA REAP grant covering 25% of eligible costs.
Company granted seller security interest in solar equipment; termination rights upon cost changes or site issues.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ARTS WAY MANUFACTURING CO INC entered into Solar System Purchase Agreement with Midwest Solar Installers valued at $1,402,336 (effective 2025-12-19).

Action: entry
Counterparty: Midwest Solar Installers
Value: $1,402,336
Effective: 2025-12-19

Exact text from the filing

On December 19, 2025, Art’s-Way Manufacturing Co., Inc. (the “Company”), entered into a Solar System Purchase Agreement (the “Agreement”) with Midwest Solar Installers (“Midwest”) for the sale and installation of a solar energy system at the Company’s principal executive offices.

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306 material agreements filed in the last 30 days. Browse all material agreements →

ARTS WAY MANUFACTURING CO INC filing history →

Source: SEC EDGAR

accession 0001437749-25-038843

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