Renewable Energy
The call for leading-edge technologies and services that will meet 21st century needs for basic necessities like clean water, energy, and transportation has never been greater. From a land development and residential community perspective, EcoVest Capital embraces innovative and transformative technologies whenever feasible. Our land plans and development projects all work with renewable energy generation resources encompassing the spectrum of available technologies.
For both residential and commercial development, EcoVest Capital seeks to design and integrate distributed (i.e. on the customer side of the electric meter), environmentally-friendly, renewable energy sources which may include solar-electric systems, solar water heating systems, fuel cells, small wind-energy systems and geothermal heat pumps.
In addition, EcoVest Capital seeks opportunities to develop “utility scale” renewable projects, including larger scale solar, wind and biomass-based electric generating projects where the electricity produced is sold into the local electric grid. These projects could possibly be developed on sites adjacent to development projects or on land reserved from conservation easements.
Under U.S. law, significant incentives are available for renewable energy development, including a 30% investment tax credit on the capital cost of solar energy generating systems, a production tax credit for other types of renewable generation, such as wind and biomass-based power, as well as significantly accelerated depreciation for all renewable energy systems owned by non-individual taxpayers. Moreover, many states offer meaningful incentives on top of these federal tax-based incentives. The opportunities for positive returns for investors is obvious when combined with other development strategies.