• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
 
New York • Washington • Houston • Los Angeles • Mexico City • Beijing • Almaty • Moscow • St. Petersburg • Kiev • Warsaw • Dubai • London
Keith Martin
kmartin@chadbourne.com
Solar Tax Update
 
New York • Washington • Houston • Los Angeles • Mexico City • Beijing • Almaty • Moscow • St. Petersburg • Kiev • Warsaw • Dubai • London
The full House is expected to vote on aneconomic stimulus bill on Wednesday. TheSenate Finance Committee will “mark up” theSenate version of the bill tomorrow. One goal of the bill is to make it easier for project developersto convert the large tax subsidies on solar projects into cash, at least during the next twoyears when the tax equity market is expected toremain impaired.
Republican opposition
 
New York • Washington • Houston • Los Angeles • Mexico City • Beijing • Almaty • Moscow • St. Petersburg • Kiev • Warsaw • Dubai • London
There are two federal tax subsidies for solar: a30% investment tax credit and depreciation that istaken largely over five years. The stimulus billwill extend a 50% “depreciation bonus” into 2009.The two subsidies, plus the bonus, are worth 58¢per dollar of capital cost of a typical project.
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...