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The AgSTAR Program |  |
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| Clean Renewable Energy Bonds | |
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| Eligible States | US/Federal |
| Type | Bond |
| Area of Interest | Renewable Energy |
| Description | Clean renewable energy bonds (CREBs) may be used by certain entities, such electric cooperatives, government entities, and public power producers, to finance renewable energy projects. The borrower pays back only the principal of the CREB, and the bondholder receives federal tax credits in lieu of interest. The Internal Revenue Service (IRS) has determined that facilities "functionally related and subordinate" to the generation facility itself are also eligible for CREB financing. Examples of these auxiliary components include transmission lines and interconnection upgrades. |
| Eligible Organizations | Electric Cooperatives, Government Entities, Public Power Producers |
| How to Apply | Participation in the program is limited by the volume of bonds allocated by Congress for the program. Participants must first apply to the IRS for a CREBs allocation. The IRS typically issues solicitations to the program in late spring. |
| For More Information | http://www.irs.gov  |
| Primary Contact | Zoran Stojanovic Internal Revenue Service 1111 Constitution Ave., NW Washington, DC 20224 (202) 622-3980 |
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