Solar Power Partners provides leading financial institutions and qualified individuals with opportunities to generate attractive low-risk returns from the growth of solar energy that help achieve specific financial objectives through investments in Limited Liability Corporations (LLC) or Partnerships (LLP). These financial entities serve as project financing funds that allow investors to benefit from the following:
• Federal Investment Tax Credits
• Accelerated Depreciation Benefits
• State-Specific Incentives (Rebates, Credits, and Grants)
• Sale of Solar Energy Facilities
• Sale of Solar Power to Commercial Entities
SPP expects the passing of H.R. 550: Securing America’s Energy Independence Act in mid 2007 will provide the pivotal catalyst for mass solar adoption in the U.S. Details of the bill include 1) extending the federal ITC for commercial solar for 8 additional years, 2) modifying the commercial tax credit for photovoltaics to $1,500 per half kW, 3) providing AMT relief for solar projects, and 4) providing 3-year accelerated depreciation for commercial solar systems. SPP is poised to capitalize on developments at the federal and state levels to provide opportunities for commercial solar systems to be developed nationwide while generating attractive returns to project investors.
California Commercial Solar Energy Fund I (CCSEF I)
Description: Fund I will provide project financing for commercial Solar Energy Facilities (SEF’s) up to 1 MW each in California. Investors in this fund can expect payback in the form of allocation of tax benefits from depreciation and the Federal Investment Tax Credit (ITC).
Hawaii Commercial Solar Energy Fund I (HCSEF I)
Description: With both federal and state tax credits available, Hawaii is proving to be one of the most attractive states for commercial solar projects. HCSEF I will provide project financing for commercial Solar Energy Facilities (SEF’s) of up to 50 kW each. Investors in this fund are expected to see a return on their investment and payback through the allocation of tax benefits from depreciation, the Federal Investment Tax Credit (ITC), and the Hawaii Energy Conservation Credit.
