SolarAcademy

The Biden Administration supports a plan for renewable energy tax partnerships

The White House has announced that it’s supporting a House of Representatives Democrats’ plan to allow renewable energy companies to form tax-advantaged partnerships. It’s something oil and gas have used for decades, and it will let the renewable industry form MLPs (master limited partnerships) that fuse the funding advantages of corporations with the tax advantages of partnerships. The result would be that retail investors could directly invest in renewable projects.

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