IRS Issues Application Guidance on $400 Million Round of Clean Renewable Energy Bonds
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/irs-issues-application-guidance-400-million-round-clean-renewable-energy-bonds/On April 2nd, the Internal Revenue Service issued a notice soliciting applicants for the next round of Clean Renewable Energy Bonds allocations. The CREBs program provides governmental entities, municipal and cooperatively owned utilities an incentive to develop renewable energy projects. Ultimately, an interest free financing tool, CREBs are a substitute for renewable energy production tax incentives that these entities are not able to use because of their tax exempt status. Applications must be filed by July 13, 2007.



