Jim says RadiantREIT has advantages over banks thanks to three components:
- IRS now treating solar as real estate, can now use REITs ( Real Estate Investment Trusts )Radiant REIT wroked to get these confusing laws clarified thanks to a legal opinion from Norton Rose Fulbright.
- Unlike banks, RR not subject to ratios, reserves or any banking regulations
- Paired debt with tax equity, can go raise equity with no limitations
Jim says the company is open to financing other energy projects, but solar remains the focus. They have incorporated storage projects, as long as they are co-located with a solar farm. The Renewable Energy Credit program only works if solar is on site.
SOURCE: Energy Cast