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Title: Financing Public Sector Projects with Clean Renewable Energy Bonds; Fact Sheet Series on Financing Renewable Energy Projects, National Renewable Energy Laboratory (NREL)

Abstract

Clean renewable energy bonds (CREBs) present a low-cost opportunity for public entities to issue bonds to finance renewable energy projects. The federal government lowers the cost of debt by providing a tax credit to the bondholder in lieu of interest payments from the issuer. Because CREBs are theoretically interest free, they may be more attractive than traditional tax-exempt municipal bonds. In February 2009, Congress appropriated a total of $2.4 billion for the "New CREBs" program. No more than one-third of the budget may be allocated to each of the eligible entities: governmental bodies, electric cooperatives, and public power providers. Applications for this round of "New CREBs" were due to the Internal Revenue Service (IRS) on August 4, 2009. There is no indication Congress will extend the CREBs program; thus going forward, only projects that are approved under the 2009 round will be able to issue CREBs. This factsheet explains the CREBs mechanism and provides guidance on procedures related to issuing CREBs.

Authors:
;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
969893
Report Number(s):
NREL/FS-6A2-46605
TRN: US201002%%1017
DOE Contract Number:  
AC36-99-GO10337
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; COOPERATIVES; ELECTRIC UTILITIES; FINANCING; NATIONAL GOVERNMENT; NATIONAL RENEWABLE ENERGY LABORATORY; TAX CREDITS; US IRS; CLEAN RENEWABLE ENERGY BONDS; CREBS PROGRAM; CREBS MECHANISM; ISSUING CREBS; CREBS; NEW CREBS; RENEWABLE ENERGY PROJECTS; BONDS; COSTS; DEBT; BONDHOLDERS; INTEREST PAYMENTS; GOVERNMENT; ELECTRIC COOPERATIVES; PUBLIC POWER PROVIDERS; FACTSHEET; Energy Analysis

Citation Formats

Kreycik, C., and Couglin, J. Financing Public Sector Projects with Clean Renewable Energy Bonds; Fact Sheet Series on Financing Renewable Energy Projects, National Renewable Energy Laboratory (NREL). United States: N. p., 2009. Web. doi:10.2172/969893.
Kreycik, C., & Couglin, J. Financing Public Sector Projects with Clean Renewable Energy Bonds; Fact Sheet Series on Financing Renewable Energy Projects, National Renewable Energy Laboratory (NREL). United States. doi:10.2172/969893.
Kreycik, C., and Couglin, J. Tue . "Financing Public Sector Projects with Clean Renewable Energy Bonds; Fact Sheet Series on Financing Renewable Energy Projects, National Renewable Energy Laboratory (NREL)". United States. doi:10.2172/969893. https://www.osti.gov/servlets/purl/969893.
@article{osti_969893,
title = {Financing Public Sector Projects with Clean Renewable Energy Bonds; Fact Sheet Series on Financing Renewable Energy Projects, National Renewable Energy Laboratory (NREL)},
author = {Kreycik, C. and Couglin, J.},
abstractNote = {Clean renewable energy bonds (CREBs) present a low-cost opportunity for public entities to issue bonds to finance renewable energy projects. The federal government lowers the cost of debt by providing a tax credit to the bondholder in lieu of interest payments from the issuer. Because CREBs are theoretically interest free, they may be more attractive than traditional tax-exempt municipal bonds. In February 2009, Congress appropriated a total of $2.4 billion for the "New CREBs" program. No more than one-third of the budget may be allocated to each of the eligible entities: governmental bodies, electric cooperatives, and public power providers. Applications for this round of "New CREBs" were due to the Internal Revenue Service (IRS) on August 4, 2009. There is no indication Congress will extend the CREBs program; thus going forward, only projects that are approved under the 2009 round will be able to issue CREBs. This factsheet explains the CREBs mechanism and provides guidance on procedures related to issuing CREBs.},
doi = {10.2172/969893},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Dec 01 00:00:00 EST 2009},
month = {Tue Dec 01 00:00:00 EST 2009}
}

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