GraniteShares Gold Trust BAR

Tax equity investor.

[alleyesonme]

https://robfreeman.com/what-solar-tax-equity-financing/

[alleyesonme]

Direct pay is a big deal. Today if a developer wants money for projects upfront they have to give upwards of 60% of the 26% Itc to a tax equity investor....incoming 30% direct pay provision gives projects more than double the cash upfront to fund projects...I don't think investors realize how big of a windfall direct pay will be when passed....this is a HUGE gamechanger for UGE.....

[SmilingDog]

I agree - when you look at analyst commentary around direct pay for the big US solar companies - they get to a similar magnitude on direct pay - truly a game changer. Not to mention 30% tax credit for 10 years! Not only a much higher level of cash in the door, immediately, but locked in over a very long term. The US solar group has rallied over the last 1-2 weeks (with UGE lagging behind) - I

[alleyesonme]

Smiling dog. So true!..very underappreciated...also new ITC can be upto 40% when factors like % of low income off-takers, union workers, apprenticeships...UGE will be getting 40% for some projects and on average for the next 10 years 3x more cash upfront for projects gifted by the government for helping meet climate targets and combat global warming....HUGE DEAL!!!! When this finally gets passed

[SmilingDog]

Great point on the extra 10% to make it 40% - so 30%-40% tax credit over next 10 years + direct payment providing ~2x capture - I've also heard many annecdotes from those in the industry that finding tax equity buyers can be time consuming, especially in times of market/economic volatility - so removes operational burden/reduces overall busienss model risk. What exciting is this a major

[alleyesonme]

If a developer is presently forced to give up 60% of the ITC to a tax equity investor in exchange for 40% of the ITC cash, 30% direct pay provision ACTUALLY would be more than three times more cash upfront...wowsers..that's probably why institutions like cormark have been loading the boat!....the average investor has no idea!!!!