CDFA Sends National Sign-On Letter to Congress
CDFA has sent a national sign-on letter with over 400 signatures to Congressional officials, urging them to preserve Private Activity Bonds.
Senate Tax Reform Retains LIHTC, PABs, HTC, and NMTC
The Senate Finance Committee's new tax reform legislation is much better for affordable housing, community development, historic preservation, and renewable energy than the House tax reform legislation, which the Ways and Means Committee favorably reported to the full House.
CDFA & Renovate America Defend PACE
CDFA has signed-on to letters authored by a coalition of PACE-industry leaders to defend PACE from detrimental legislative action. The PACE Act of 2017 (H.R. 1958 & S. 838) would limit homeowners' ability to finance energy-efficiency, clean energy, and disaster resiliency improvements to their homes.
AEP to Invest $1.8B in Renewable Energy
AEP expects to invest $1.8 billion in renewable generation, including about $1.3 billion in competitive, contracted renewable energy projects in the next few years.
HSBC Pledges $100B of Finance by 2025 to Combat Climate Change Worldwide
HSBC has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change. Over recent years, HSBC has helped develop standards for issuers of green bonds and has issued its own $580 million green bond.
Editorial: Government Budgets Need to Start Preparing for Climate Change
Mark Funkhouser, Publisher of Governing Magazine, discusses the increasing need for governments to manage their budgets in order to be prepared for catastrophies like earthquakes, tsunamis, terrorism and public health crises.
House GOP Tax Package Boosts Nukes, Slashed Wind, EV Credits
Republican leaders in the House of Representatives recently unveiled a bill that would overhaul U.S. tax policy, including cuts into several existing energy tax incentives, particularly for renewable energy.
PISCES Program Announces Exceptional State Revolving Fund Projects
The Clean Water State Revolving Fund's Performance and Innovation in the SRF Creating Environmental Success (PISCES) program allows assistance recipients to gain national recognition for exceptional projects funded by the CWSRF. After all project nominations were reviewed, EPA selected five exceptional projects for further recognition.
Solar Securitizations Already Pass $1B in 2017
2017 has set a record for solar securitizations, after several new players entered the field. The combined asset-backed securitizations (ABS) for solar loans, leases and power-purchase agreements (PPAs) broke the $1 billion mark this year, following the close of a record-setting offering from Mosaic in late October.
South Santa Rosa, FL, Utility System Debating Logistics of $9M Infrastructure Loan
A much discussed and at times hotly debated topic is raging in the Fairpoint Regional Utility System over debt, finances and the future of the four-member utility group in south Santa Rosa County. At issue is an approximately $9 million loan used for water infrastructure improvements.
Stefanik Introduces Renewable Electricity Tax Credit Equalization Act
Congresswoman Elise Stefanik (R-NY) has introduced the Renewable Electricity Tax Credit Equalization Act, which would extend tax credits for electricity produced from closed-loop biomass, open-loop biomass, geothermal, municipal solid waste, hydropower facilities, and marine and hydrokinetic facilities.
San Mateo, CA Considers Financing $900M Sewer Project
Officials were initially hopeful low-interest state revolving loans would be the primary source of much needed capital for the project. But steep competition for funding is prompting the city to consider traditional, and more costly, financing options.
Report: Energy Efficient Buildings Less Likely to Default on Mortgages
A new study, released by Lawrence Berkeley National Laboratory, says energy efficient buildings are less likely to default on mortgages when compared to commercial buildings with higher energy consumption. The findings are based on mortgage default rates and energy performance in six major cities from 2000 to 2012.
Wind and Solar's Future Hangs on Taxes, Not Clean Power Plan
Clean-energy's fiscal advantage stems in part from two tax credits that Congress extended in 2015. Both measures are scheduled to be phased out in the 2020s, but EPA administrator Scott Pruitt has called for them to be eliminated. That could upend wind and solar's edge.