Municipal Bond Financing of Solar Energy Facilities
The application of the laws of municipal bond financing to solar facilities is examined. The type of facilities under consideration are outlined. The general legal principles of municipal securities financing are discussed. The effect of recent decisions applying antitrust liability to municipal corporations is also discussed. Five specific types of municipal bonds are explained. The application of Section 103 of the Internal Revenue Code of 1954, as amended, to the issuance of municipal bonds for solar facility financing is examined also. Five bond laws of five representative states are examined and whether the eight types of solar facilities under consideration could be financed under such law is discussed. The application of the general legal principle is illustrated. Three hypothetical situations are set forth and common legal issues to be confronted by city officials in proposing such financing are discussed. These issues will be raised in most financings, but the purpose is to examine the common context in which they are raised. It is concluded that if it can be shown that the purpose of the solar facilities to be financed is to benefit the public, all legal obstacles to the use of municipal financing of solar facilities can be substantially overcome.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 5536178
- Report Number(s):
- SERI/TR-434-191
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING, POLICY, AND ECONOMY
299001 -- Energy Planning & Policy-- Solar-- (1989-)
BIOMASS
CALIFORNIA
CONVERSION
ENERGY
ENERGY CONVERSION
ENERGY SOURCES
EQUIPMENT
FINANCING
FLORIDA
GREAT LAKES REGION
HEAT
HEATING SYSTEMS
ILLINOIS
MID-ATLANTIC REGION
NEW MEXICO
NEW YORK
NORTH AMERICA
OCEAN THERMAL ENERGY CONVERSION
ORBITAL SOLAR POWER PLANTS
PLANNING
POWER
POWER PLANTS
PROCESS HEAT
RENEWABLE ENERGY SOURCES
SOLAR COOLING SYSTEMS
SOLAR ENERGY CONVERSION
SOLAR EQUIPMENT
SOLAR HEATING SYSTEMS
SOLAR POWER PLANTS
SOLAR PROCESS HEAT
SOUTHEAST REGION
SOUTHWEST REGION
TAXES
USA
WESTERN REGION
WIND POWER
facility
financing
solar