Clean energy advocates are working to raise awareness about a “giant money fire hose” made available to the industry starting this year.
The glut of cash, tied to a portion of the federal Tax Cuts and Jobs Act of 2017, stems from an incentive framework called Opportunity Zones. The sleeper provision offers tax benefits to equity investors that put money into over 8,700 designated “economically distressed” opportunity areas. It’s designed to encourage investment in low-income communities that haven’t seen equal attention from investors.
