The amount of sunlight hitting the earth in just one minute is enough to meet the world’s energy needs for an entire year. Sunlight is the cheapest, most abundant renewable energy source available, and climate change concerns are creating high-velocity growth in the solar market In 2006, the global solar energy market was estimated to be $15.6 billion. Encouraged by government and utility incentives and rebates, the solar energy market is expected to grow to $69.3 billion by 2016.
In the U.S., more than fifteen states have initiated solar energy programs to help consumers, businesses, non-profits and public sector agencies adopt solar energy. The solar energy systems being built generate electricity that can offset peak load requirements and reduce fossil fuel-based grid electricity and the resulting greenhouse gas emissions.
We work with businesses, non-profits and public-sector entities to finance, own and operate solar energy systems.
BCP has the ability to maximize all federal and state tax incentives, rebates and Renewable Energy Credits (RECs) in a financial model that provides electrical power to clients through Power Purchase Agreements (PPA’s).
Backroads Capital can assist your organization in participating in the Investment Tax Credit Market (“ITC”) by providiing an innovative opportunity to participate in renewable energy projects that deliver numerous benefits including:
- Long term, consistent and predictable investment returns that are guaranteed by government backed credits and incentives
- The ability to maximize your corporate tax status with tax credit based investments
- A higher market return than previously available due to the current economic environment
- Investments that are secured by ownership of a physical asset and a Power Purchase Agreement with building owners
- The ability to hold your assets until a pre-determined investment return goal is attained
The fundamentals are sound for continued industry growth and outstanding returns on investment due to fossil energy resource constraints, the continued worldwide growth of energy consumption, global warming concerns, and political regulations and constraints for certain industry sectors such as coal-fired plants, oil refineries and nuclear power.