The Opportunity Zones program was established by the Tax Cuts and Jobs Act of 2017 and is
landmark legislation that is already driving billions of dollars in real estate investments in areas of
economic need.
seeking to develop new projects that receive preferential tax treatment.
This ground up legislation was carefully created and refined by a bipartisan think tank and sponsored in
Congress by bipartisan leaders.
The Governors of every state or territory designated up to 25% of its census tracts that meet
qualification requirements as Opportunity Zones and were subsequently approved by the U.S. Treasury.
As a result, there are millions of acres of land, including in rural areas, eligible under this tax incentive
program. Utility scale solar projects located next to or near electric substations can qualify for these tax
incentives if located in an Opportunity Zone.
Utility scale solar projects are a good fit for this program because the tax incentive can increase over
time and such capital-intensive solar projects have a useful life of many years.
We can help you identify an appropriate location for your utility scale solar projects and assist you in
utilizing the Opportunity Zone incentive. We can also help you with negotiating the local utility
interconnection and the permitting process. We can help in identifying an appropriate off taker for your
electricity, which sometimes can be the utility, or a major end user of electricity, and help in negotiating
favorable terms and conditions for your project.
You can contact us 480-482-1660 to find out more! Ask for Brad or Ron.
The Opportunity Zone legislation is intricate and final rules are still forthcoming. This article is not
intended to provide tax or legal advice which should be sought and considered from your tax and legal
advisors when implementing a utility scale solar project.