Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Elements of Solar System Financing
“Going green” has never been more popular, and financing the acquisition of renewable energy equipment has never been more affordable, both for commercial users and individual consumers. A wide variety of government and private programs are available, providing acquisition dollars as well as tax credits, deductions, and exclusions, and other incentives intended to stimulate clean energy development and adoption. In “A Solar Grand Plan” in its January 2008 issue, Scientific American magazine contended that “a massive switch to solar power” is the logical answer to reducing our dependence on fossil fuels and eliminating the resulting emissions. While there are programs and incentives aimed at a number of clean or renewable energy options, this article focuses on solar systems, which may be either photovoltaic energy systems involving arrays of cells that convert sunlight directly into electricity, or solar thermal energy systems that convert sunlight into heat for swimming pools, water, or other uses.
Consumers of energy, whether commercial or residential, are motivated to install solar systems to reduce their cost of electricity and make long-term utility expenses more predictable. In a lease of a solar system, typically the lease payment plus the new cost of electricity is less than the old bill for electricity alone. Lessors who offer solar systems for lease can take advantage of a variety of tax credits, grant payments, renewable energy credits, and rebates. Many companies engaged in the manufacture or installation of solar systems are now also actively offering lease financing, such as the SolarLease' marketed by one such provider.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.