With the Energy Bill being signed this week void of a national Renewable Energy Standard, many Americans are wondering how other policy can help support renewable energy development in rural America. One answer is the Rural Energy for America Program (REAP, previously called Section 9006 of the Farm Bill), which provides grants and loan guarantees to farmers, ranchers and rural, small businesses for renewable energy development and energy efficiency improvements.
IRS bulletin 2007-45 (skip to page 967) provides a summary of IRS Rev Proc 2007-65 which establishes a safe harbor for the allocation of tax credits for wind projects that use a flip business structure.
April 14-16, 2008
Empire State Plaza Convention Center
Albany, New York
Windustry hosted more than 450 people in Albany, NY for the premier national conference bringing economic development, agriculture and wind energy together to advance opportunities for locally-owned clean energy production. We shared experiences and information to harness the growing momentum for new models, new policies and new projects.
This report from Lawrence Berkley National Laboratory was released in September, 2007. The report, titled "Wind Project Financing Structures: A Review & Comparative Analysis," was authored by John Harper (Birch Tree Capital, LLC), Matt Karcher (Deacon Harbor Financial, L.P.), and Mark Bolinger (Lawrence Berkeley National Laboratory), and was funded by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy, Wind & Hydropower Technologies Program.
This publication was released by Farmer's Legal Action Group in August 2007. According to the FLAG website, "This book serves as a guide to the many legal issues faced by farmers and rural landowners who seek to develop wind energy projects.
The New Federal Tax Exempt Bonding Bill for Community Energy webinar was recorded on June 1, 2007.
The proposed Rural Community Renewable Energy Bonds Act (S. 672), introduced by Sen. Ken Salazar (D-CO) and Sen. Gordon Smith (R-OR), would provide tax exempt private purpose bonds to fund locally owned community energy projects, e.g. those under 40 MW with at least 49% local ownership. If enacted, this bill would give local community energy project developers a better alternative to federal renewable energy production tax credit funding.