Encouraging Solar Development through SREC Financing
Client Alert | 1 min read | 04.12.17
The promotion of renewable energy has been an important policy goal at the state and federal levels in recent years, and public support for solar energy in particular has driven a significant increase in installed solar capacity across the United States. There are numerous federal, state and local tax incentives which encourage consumers, businesses and utilities to increase renewable energy consumption, and solar developers offer attractive financing opportunities for consumers and businesses considering the installation of solar panels to reduce their electricity costs. More recently, solar developers themselves have begun to explore financing opportunities related to another solar incentive program, Solar Renewable Energy Certificates/Credits (“SRECs”), which can provide a valuable source of liquidity for developers and other owners of solar projects.
In this client alert, Jennifer K. Grady and Kevin Rubinstein discuss the use of SRECs as a source of financing and explore the key legal and business issues raised by such a financing structure.
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Client Alert | 1 min read | 01.21.25
Contractor Business Systems: Out With the Old, In With the New (Terminology)
On January 17, 2025, the Department of Defense (DoD) issued a final rule replacing the term “significant deficiency” in the Defense Federal Acquisition Regulation Supplement (DFARS) with the term “material weakness” for use in reviews of contractor business systems. Effective immediately, a material weakness is defined as “a deficiency or combination of deficiencies in the internal control over information in contractor business systems, such that there is a reasonable possibility that a material misstatement of such information will not be prevented, or detected and corrected, on a timely basis. A reasonable possibility exists when the likelihood of an event occurring is probable or more than remote but less than likely.”
Client Alert | 4 min read | 01.21.25
Client Alert | 6 min read | 01.21.25
DOJ and FTC Issue New Antitrust Guidelines Regarding Business Practices That Impact Workers
Client Alert | 5 min read | 01.21.25
