Energy

In Honolulu and throughout Oahu and the State of Hawaii, investors and consumers in the energy sector turn to the Law Offices of Reuben S. F. Wong to develop Purchase Power Agreements and apply for applicable state and federal tax credits for purchasing and supplying renewable energy.

Purchase Power Agreements

Government tax policy at both the state and federal levels has been leveraged to encourage the use of renewable energy sources to generate electricity. Property owners who purchase and install solar, wind, or other renewable energy equipment can apply for federal and state tax credits to offset the initial costs.

Unfortunately, the tax structure is not arranged to provide this benefit to non-profit property owners who may wish to utilize renewable energy as well; for these entities a Purchase Power Agreement may be the solution. The Purchase Power Agreement (PPA) is a tool to allow non-profit entities to participate in this environmentally-sound energy solution. Through the PPA, an investor group bears the cost of purchasing and installing a photovoltaic generator or other eligible equipment, allowing the investor group to be eligible for the tax credits. The investor group then sells electricity to the non-profit at a reduced rate, benefiting all parties involved while helping ease the country's reliance on carbon-emitting fossil fuels.

Tax Credit Applications

In addition to formulating the Purchase Power Agreement, our firm also helps the investor group apply for the available tax credits, which involves an intensive application process. Our attorneys perform this service on behalf of for-profit companies and private property owners as well, who have availed themselves of renewable energy directly without the need for a PPA arrangement. Professional assistance in this area from knowledgeable, experienced business law attorneys helps to ensure that your application is prepared correctly and approved within the shortest time frame.

Knowledgeable, Experienced Business Transaction Attorneys

The experienced business transaction attorneys at the Law Offices of Reuben S.F. Wong represent property owners and investor groups in the negotiation, drafting, and revision of Purchase Power Agreements and related documents. If you are a non-profit property owner or investor group seeking to take advantage of opportunities in the energy sector, or a private property owner wishing to access available renewable energy tax credits, contact the Law Offices of Reuben S.F. Wong.