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The lower tax fee will cut down the level of tax equity which might be lifted to help finance wind, photo voltaic as well as other renewable Electricity projects. This sort of projects qualify currently for the tax credit score worthy of no less than thirty¢ per greenback of cash Expense and depreciation really worth 26¢.
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It could speed up or decelerate flip dates in tax fairness financings, dependant upon the amount of time has elapsed Because the tax equity financing closed. The sooner from the offer the tax fee is lessened, the greater likely the flip date is always to be prolonged.
The Invoice will permit the entire Price tag of equipment to generally be published off right away as an alternative to depreciated over time.
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