Renewable Energy

The Energy Policy Act of 1992 created a tax credit for the production of renewable energy sources, including wind, biomass, geothermal, solar, irrigation and solid waste. Codified as Section 45 of the Internal Revenue Code, the tax credit can be claimed by a taxpayer who owns and operates an eligible facility and who sells the generated power to an unrelated party. The qualified facility will receive a tax credit for the first 10 years of the facilities operation. Additionally, the owner of the facility receives benefits in the form of tax losses (depreciation, interest & operating expenses) and cash flows following the payoff of the initial debt. For more information about renewable energy tax credit investment opportunities, please contact us.