Pending Favorable Legislation For Investors In Renewable Energy
Despite significant investments in renewable energy technologies in the US, manufacturing and deployment of renewable energy has lagged relative to the size of the US economy according to the recently released “Who’s Winning the Clean Energy Race 2012,” published by The Pew Charitable Trust. In an effort to spur investment, bipartisan legislation was recently re-introduced to allow investors in renewable energy projects to get the same treatment under the US tax code that allows investors in coal, oil and gas to utilize Master Limited Partnerships (MLPs) to attract capital. The Master Limited Partnerships Parity Act would amend the US tax code to allow entities producing electricity from certain renewable energy sources, alternative fuels and storage devices to monetize the tax benefits in the same manner as when investing in more traditional forms of energy. If this legislation passes, it will provide the opportunity for increased development in renewable energy in the US, which means improved economic development for our economy.