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July 2020

Net Operating Loss rules in renewable energy: COVID- 19 changes
One of the benefits to a tax equity investor investing in a renewable energy project is the losses generated by the depreciation of the energy equipment being placed in service. Projects qualifying for the federal Investment Tax Credit are given a five-year MACRS life, providing a cost recovery deduction over five years from the in-service date (typically six tax return filings).


Renewable power will soon come out on top
More than $2.7 trillion has been invested in building up renewable energy capacity over the past decade. In those same 10 years, renewables more than doubled their share of the global power mix, from 5.9% in 2009 to 13.4% last year.

New initiative seeks to expand US transmission network
The American Council on Renewable Energy and Americans for a Clean Energy Grid have launched the Macro Grid Initiative to build support for expanding and upgrading the nation's transmission network. A 21st-century macro grid will deliver jobs and economic development, a cleaner environment, and lower costs for consumers.

MaineHealth will buy power produced at 10 Maine solar farms
MaineHealth, the state's largest health care system, said recently it has reached agreements to purchase electricity from three developers of solar energy projects in Maine. Under a new state initiative aimed at encouraging the creation of additional renewable energy resources, MaineHealth will buy power from 10 solar farms for the next 20 years, according to a news release.

Landmark legislation aims to stimulate US solar industry
What began as a bill aimed at boosting the U.S. transportation and infrastructure sectors has morphed into a $1.5 trillion federal stimulus package that includes provisions of benefit to the U.S. solar industry. H.R.2, the Moving Forward Act, was recently introduced to the House of Representatives.

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