Renewable energy advocates have been calling for a change in the tax laws to allow renewable energy within the REIT structure. A REIT is allowed to pass profits directly through to investors. These profits are not subject to double-taxation like most corporate profits. Owning shares of a renewable REIT would be much like owning a slice of a wind or solar farm. This would open up the renewable energy investment opportunity to everyone, not just corporations and homeowners with with a roof suitable for solar.
The catch is that REITs are limited to certain types of real estate-based assets, and without a new ruling from the IRS, wind and solar farms are out, which is why renewable advocates have been calling for just such a ruling.
A report from Black & Veatch said that the way the electric utility industry operates is beginning to shift thanks to factors such as renewable energy growth, water supply issues and changing beliefs in the future of coal-fired generation in the U.S. The report, “Strategic Directions in the U.S. Electric Utility Industry Report,” is based on an industry survey and analysis. More than two-thirds of respondents said that renewable energy could provide benefits in the form of customer and regulatory relations, investment incentives and future revenue generation. More than 40 percent of utility leaders have begun to modify their service models to account for distributed generation resources, such as rooftop solar projects. Additionally, solar is the top-ranked traditional renewable technology for the second year in a row, the survey said, and was the top-ranked renewable technology in all geographic regions of the U.S.
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Advanced Materials Training and Education Center (AMTEC) is seeking a solar instructor to teach a week long course on the fundamentals of solar power and its installation. The dates for the training would be based on the job placements requirements and availability of new students. The location of the training will be on the Oak Ridge Campus at the Halcyon Center. The candidate should be NABCEP certified or have an equivalent education. Preferably, the individual will have some teaching experience and can sign a contract with AMTEC as an adjunct professor. The date of the training has not been scheduled as yet. Please contact Michael L. Copeland, Assistant Director of AMTEC for further information and to submit your letter of interest.
Michael L. Copeland
Roane State Community College
Assistant Director of Advanced Materials Training and Education Center
Halcyon Commercialization Center
2020 Second Street, Suite 102
Oak Ridge, Tennessee 37830