13 Mar '12, 11am

Yikes – 65% of tax professionals unfamiliar with U.S. #cleanenergy incentives, survey finds #solar #wind

Two thirds of accountants, tax lawyers surveyed by Bloomberg BNA say they are unaware how clean energy tax credits work New York and Arlington, Va. – Tax professionals are generally unfamiliar with the various tax incentives available to private investors in clean energy projects, despite the fact that many have participated in other kinds of "tax equity" transactions, according to a survey conducted by Bloomberg BNA in consultation with Bloomberg New Energy Finance. The online survey of subscribers to Bloomberg BNA’s Tax and Accounting Center, found that 35% of respondents have made tax equity investment either directly or on behalf of clients in areas other than clean energy, such as low-income housing. Despite this, 65% said they were mostly or completely unfamiliar with the incentives available to backers of US wind projects known as the Production Tax Credit. Only 7% ...

Full article: http://www.bnef.com/PressReleases/view/198

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