
194 Project development in the solar industry
(renewable electricity plants generally are eligible in 2012), and a 20-year straight-
line schedule.
45
Together, the tax credits and the accelerated depreciation compose what is
referred to as the “tax benefits” of a renewable project. To take advantage of these
federal benefits, projects are structured in a variety of ways, which can generally be
organized into four categories:
1) Balance Sheet
2) Tax Equity Partnership Flip
3) Lease Structures: Sale-Leaseback & Inverted Lease
4) Other
Balance sheet (also known as single owner): represents the direct investment by a
developer in a project asset using ...