Renewable Energy Tax Credit Projects Transform Communities

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Novogradac Journal of Tax Credits to Honor Innovative Renewable Energy Developers

The Novogradac Journal of Tax Credits this week announced the winners of the 2016 Renewable Energy Power Awards, which recognize effective and innovative use of renewable energy tax credits. Winners will be honored April 28 at the Novogradac Financing Renewable Energy Tax Credit Conference in San Francisco.

“Congratulations to this year’s 2016 Power Award winners,” said Stephen Tracy, conference chairman and partner in Novogradac & Company LLP’s San Francisco office. “Whether it was by bringing solar energy to a historically coal-fueled region, by powering a hospital with fuel cell energy or by lowering utility bills for low-income families, these development teams have shown the versatility and effectiveness of using renewable energy tax credits to help finance the transformation of these communities.” Awardees were recognized in three categories:

Financial Innovation
Development: Aerojet Rocketdyne Solar Farm
Location: East Camden, Ark.
Developer: Silicon Ranch Corporation

Overcoming Obstacles
Development: FuelCell Power Plant at UCI Medical Center
Location: Orange, Calif.
Developer: FuelCell Energy Inc.

Small Community Project Development: Sonoma Court
Location: Escondido, Calif.
Developer: Affirmed Housing Group

Full descriptions of the Novogradac 2016 Renewable Energy Power Awards winners can be found at http://www.novoco.com/awards/energy/index.php. In addition, the Novogradac Journal of Tax Credits conducts several awards programs that recognize excellence in affordable housing, community development and historic preservation. Nominations for each program are open year- round and more information can be found at http://www.novoco.com/awards/index.php.

About Novogradac & Company LLP
Novogradac began operations in 1989 and has since grown to more than 500 employees and
partners with offices in San Francisco, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., Raleigh, N.C.; Iselin, N.J.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about the Novogradac 2016 Renewable Energy Power Awards, please contact Jennifer Young at (415) 356-8041 or by email at events(at)novoco(dot)com.

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