This article from the 29 January 2018 issue of CFC Solutions News Bulletin is reprinted with permission. President Trump on Jan. 22 moved to impose tariffs on… Read More »CFC Solutions: U.S. Slaps 30 Percent Tariff on Imported Solar Panels, Effects Unclear
An increasing number of individuals and businesses in the US are moving to reduce their environmental footprint. From concerns about climate change, to the public… Read More »How Much Money Will the Federal Government Provide for Green Power Conversion?
Georgia Power Withdraws Request for Solar Power Fee
This post was written by attorney Roland F. Hall.
Georgia Power has reached a preliminary agreement with the Georgia Public Service Commission (PSC) regarding its proposed rate increase for Georgia Power customers. In addition to a tentative agreement to cut its proposed rate hike, Georgia Power has also agreed to drop its request for a solar power fee. The fee would have been imposed on residential consumers who install solar panels on their homes and reduce their power bills through net metering. View the article here.Read More »Georgia Power Withdraws Request for Solar Power Fee
New Report on Maintaining Reliability While Integrating Green Power Resources
This post was written by attorney Roland Hall.
As the amount of wind and solar generation continues to increase, utilities are growing increasingly concerned about how to economically and efficiently maintain system reliability while integrating such variable energy resources. Because of California’s high renewable portfolio target (33 percent by 2020), California has become the focus of studies and reports investigating how system operations will be affected by such a large mix of variable resources. An interesting report addressing this topic was released earlier this month. The report is a joint report by NERC (the North American Electric Reliability Association) and the California ISO (CAISO), which operates the transmission grid for most of California. View the report by clicking here. Read More »New Report on Maintaining Reliability While Integrating Green Power Resources
Developers are constantly looking for ways to find capital for their energy development projects. They have solicited all sorts of capital, including banks, angel investors,… Read More »IRS Ruling Addresses Power Generation by REITs
Guest Blogger, David Feldman of NREL, Discusses Treasury Scrutiny of Section 1603 Applications and Grants
Recent documents released from the IRS and the U.S. Department of Treasury show increased scrutiny on Treasury’s 1603 Cash Grants in Lieu of Energy Tax Credits program. The program has awarded a significant amount of money to renewable energy project owners. From September 1, 2009 through September 9, 2011, the 1603 program issued around $9 billion to 20,000 projects. This large government expenditure has put an equally large responsibility on the Treasury department to ensure the funds are used correctly.Read More »Guest Blogger, David Feldman of NREL, Discusses Treasury Scrutiny of Section 1603 Applications and Grants
The Treasury Department is vested with the authority to review and approve applications for funding by the Section 1603 grant program. In completing such applications, applicants should consider the key areas of concern and past rejection by the Treasury Department. In addition, a recent Chief Counsel Attorney Memorandum explains that the Internal Revenue Service will retain authority to audit Section 1603 grants because excess grants result in understated income. Applicants should review their applications in light of the Treasury Department’s initial review and possible audit by the IRS.Read More »Treasury Identifies Ineligible Costs Under Section 1603