Tag Archives: Opportunity Funds

House and Senate Introduce Legislation for 5-Year Extension of the Solar Investment Tax Credit

Solar Energy Industries Association News Release

WASHINGTON, D.C. – Senator Catherine Cortez Masto (D-NV) and Representatives Mike Thompson (D-CA), Paul Cook (R-CA), and Brian Fitzpatrick (R-PA) have introduced companion bills with a five-year 30% extension of Section 48 and Section 25D Solar Investment Tax Credits (ITC). The Renewable Energy Extension Act will call for the extension of the tax credits.

Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, urging lawmakers to pass this critical legislation:

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MAYORS FOR SOLAR ENERGY

 

More than 250 mayors nationwide sign letter calling for increased solar power, Environment America News Release
Municipal leaders from all 50 states support more clean energy from the sun.


MORE NEWS & OPINION

NEBRASKA IN THE NEWS HERE

SOLSMART NEWS

Southwest Virginia Communities Achieve National Recognition for Advancing Solar Energy Growth, News Release, Appalachian Voices. Eight Southwest Virginia communities have achieved designation under the national SolSmart program for encouraging the growth of local solar energy markets, at a time when several major solar installations on schools, businesses, and community centers are poised to begin across the region. These communities were each awarded a SolSmart designation for taking local action to reduce the time and expense required to install solar energy systems. 

Opportunity Zones May Spur Microgrid Development

By Ken Silverstein, Microgrid Knowledge

Opportunity zones, created in the US as part of the 2017 Tax Cut and Jobs Act, are making a splash among green energy and microgrid investors.  “Opportunity zones create tax incentives for investors in real estate, businesses and assets in areas that might not otherwise draw investment,” says John Beidle, chief executive of New Energy Opportunities, in an interview with Microgrid Knowledge. “The further stacking of tax incentives in these areas for microgrid facilities is really a once in a lifetime opportunity especially if new employment is brought into these areas.”

An Economic Innovation Group analysis estimates $6.1 trillion in unrealized capital gains held by US households and corporations as of the end of 2017. “Even a small fraction of these gains reinvested into opportunity zones would make it the largest economic development initiative in the country,” says John Lettieri, founder of the group, in congressional testimony. Read more here.

Nonprofit Economic Innovation Group (EIG) Image: Opportunity Zones.

EIG is a bipartisan public policy organization that combines innovative research and data-driven advocacy to address America’s most pressing economic challenges. From their headquarters in the nation’s capital, EIG convenes leading experts from the public and private sectors, develops original research, and advances creative policy proposals that bring new jobs, investment, and economic dynamism to U.S. communities.

Additional Recommended Reading

Opportunity Zones Resources

Microgrid Knowledge Resources