bonds

Webinar: The New Federal Tax Exempt Bonding Bill for Community Energy

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.

Clean Renewable Energy Bonds (CREBs)

The Clean Renewable Energy Bond (CREB) program is a new financial incentive created in the Energy Policy Act of 2005. It is available to municipal utilities and electric cooperatives and is intended to promote renewable energy development.

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