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A National Movement Toward Energy Independence

The cost of electricity is expected to rise over time in the U.S. With this in mind, and a move toward energy independence, state and federal governments are offering tax credits and other incentives for purchasing and installing renewable energy systems. Communities can do their part by supporting renewable energy systems that provide power locally.

Financing

AIRE has pioneered a unique project development process that allows third-party investors to develop renewable energy systems and make a modest return on their investment through tax credits and other incentives. We help project organizers identify prospective investors within the community who have an interest in making sure their money goes towards ethical, self-sustaining projects. These investors form necessary legal structures (a LLC) through which they contribute to the installation of the renewable energy project.

Once the system is installed, the LLC owns it and can generate a modest return on investment over a 5-7 years through incentives including accelerated depreciation, a federal investment tax credit, the sale of produced electricity and renewable energy credits (RECs). During this time, the LLC will lease the space for the system from the community organization for an agreed upon monthly amount. After 5-7 years, the LLC may decide to give the system to the community group as a charitable donation. The system will continue to produce clean energy, and could be a source of electricity or revenue for that organization for at least another 15 years.

It’s the right thing to do

We are given the responsibility to act as good stewards of our natural resources and preserve life for future generations. By installing a renewable energy system, we are providing an example of that stewardship and helping to raise other’s awareness about the importance of energy-related issues.