Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (i) performance-based incentives, rebates and any other incentives under the California Solar Initiative or under the federal government’s, any municipality’s or any utility’s solar program or initiative (excluding SDG&E Settlement Payments), incentive tax credits (including investment tax credits arising under the Code) other tax benefits or grants in lieu thereof (including without limitation the monetization of tax benefits), and accelerated depreciation (collectively, “incentives”), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, energy generation, or other environmental or energy characteristics, resulting from the construction, ownership or operation of the System or from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Energy generated by the System; and (ii) all reporting rights with respect to such incentives.
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future:
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (a) production, energy, or investment tax credits associated with the development, construction, ownership, or operation of the System, accelerated depreciation, and other financial incentives in the form of credits, reductions, or allowances associated with the System or the Green Attributes that may be applied to reduce any state or federal income taxation obligation, including Tax Benefits, (b) performance-based incentives under applicable state or federal law or utility programs, including without limitation any feed-in tariffs that are in effect or may come into effect in the future; and (c) all other rights, credits, rebates, benefits, and entitlements of any kind, howsoever entitled or named, whether arising under federal, state or local law, international treaty, trade association membership or the like, arising from the System or the Output or otherwise from the development, installation, or ownership of the System or the production, sale, purchase, consumption or use of the Output. Without limiting the foregoing, Environmental Financial Incentives includes (a) the right to apply for (and entitlement to receive) incentives under any demand-side management, distributed generation, or energy efficiency programs offered by a utility company, a third-party provider, or the state in which the System is located; (b) any incentive offered pursuant to a renewable energy program, or any other incentive programs offered by or in the state in which the System is located; and (c) the right to claim federal income tax credits under Sections 45 or 48 of the Internal Revenue Code, or any state tax law or income tax deductions, with respect to the System under the Internal Revenue Code or any state tax law. Environmental Financial Incentives do not include Green Attributes.
Examples of Environmental Financial Incentives in a sentence
If the standards used to qualify the Environmental Financial Incentives to which Provider is entitled under this Agreement are changed or modified, Customer shall, at Provider’s request and expense, use all reasonable efforts to cause the Environmental Financial Incentives to comply with new standards as changed or modified.
Customer shall take all reasonable measures to assist Provider in obtaining all Environmental Financial Incentives currently available or subsequently made available in connection with the System.
Upon receipt by Provider of payment of the Fair Market Value, title to the System as well as available Environmental Attributes and Environmental Financial Incentives shall transfer to Customer as-is, where-is.
All Environmental Financial Incentives and associated Reporting Rights available in connection with the System installed at the Site are retained and owned by Provider or its assignee.
At Provider’s request and expense, Customer shall execute all such documents and instruments reasonably necessary or desirable to effect or evidence Provider’s or its assignee’s right, title and interest in and to the Environmental Financial Incentives.
More Definitions of Environmental Financial Incentives
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date: (1) investment tax credits associated with the development, construction, ownership or operation of the Solar Facility, accelerated depreciation, and other financial incentives in the form of credits, reductions or allowances associated with the Solar Facility that may be applied to reduce any state or federal income taxation obligation, (2) federal investment tax credit and any payments made to District or its affiliates. Environmental Financial Incentives do not include Green Attributes.
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (i) performance-based incentives, rebates and any other incentives under the federal government’s, any state’s, any municipality’s, or any utility’s solar program or initiative, incentive tax credits (including investment tax credits arising under the Internal Revenue Code of 1986) other tax benefits or grants in lieu thereof (including without limitation the monetization of tax benefits), and accelerated depreciation (collectively, “incentives”), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, energy generation, or other environmental or energy characteristics, resulting from the construction, ownership or operation of the System or from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Energy generated by the System; and (ii) all Reporting Rights with respect to any of the above.
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (a) production, energy, or investment tax credits or investment tax credit grants associated with the development, construction, ownership, or operation of the System, accelerated depreciation, and other financial incentives in the form of credits, reductions, or allowances associated with the System that may be applied to reduce any state or federal income taxation obligation, including Tax Benefits, and (b) all other credits and rebates of any kind, howsoever entitled or named, whether arising under federal, state or local law, international treaty, trade association membership or the like, arising from the System or the Output or otherwise from the development, installation, or ownership of the System or the production, sale purchase, consumption or use of the Output. Without limiting the foregoing, "Environmental Financial Incentives" includes the right to claim federal income tax credits under Sections 45 or 48 of the Internal Revenue Code or any state tax law or income tax deductions with respect to the System under the Internal Revenue Code or any state tax law. Environmental Financial Incentives do not include Green Attributes. These do NOT include utility rebates offered for solar or equivalent such as other rebates or PJM (utility grid) peak demand program funding, or equivalents. These utility rebates or PJM peak demand program funding, or equivalents, will be assigned from the property owner over to solar system owner. In addition, School District will retain the utility ACT 129 solar rebate as specified in Section 4.1.1 (h).
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (a) production, energy, or investment tax credits associated with the development, construction, ownership, or operation of the Solar Facility, accelerated depreciation, and other financial incentives in the form of credits, reductions, or allowances associated with the Solar Facility or the Green Attributes that may be applied to reduce any state or federal income taxation obligation, including Tax Benefits, (b) performance-based incentives under applicable state or federal law or utility programs, including without limitation any feed-in tariffs that are in effect or may come into effect in the future; and (c) all other rights, credits, rebates, benefits, and entitlements of any kind, howsoever entitled or named, whether arising under federal, state or local law, international treaty, trade association membership or the like, arising from the Solar Facility or the Output or otherwise from the development, installation, or ownership of the Solar Facility or the production, sale, purchase, consumption or use of the Output. Without limiting the foregoing, “Environmental Financial Incentives” includes the right to apply for (and entitlement to receive) incentives under any demand-side management, distributed generation, or energy efficiency programs offered by a utility company, a third-party provider or the state in which the Solar Facility is located, any incentive offered pursuant to a renewable energy program, or any other incentive programs offered by or in the state in which the Solar Facility is located, the right to receive a grant under Section 1603 of the American Recovery and Reinvestment Act of 2009, and the right to claim federal income tax credits under Sections 45 or 48 of the Internal Revenue Code or any state tax law or income tax deductions with respect to the Solar Facility under the Internal Revenue Code or any state tax law. Environmental Financial Incentives do not include Green Attributes.
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (i) incentive tax credits (including investment tax credits arising under the Internal Revenue Code) and other tax benefits, and accelerated depreciation, howsoever named or referred to, with respect to any and all fuel, emissions, air quality, energy generation, or other environmental or energy characteristics, resulting from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Energy generated by the System; and (ii) all reporting rights with respect to such allowances. (Currently, there are no state or utility incentives available.)
Environmental Financial Incentives means any of the following financial rebates and incentives that are in effect as of the Effective Date or that may come into effect in the future: (a) production, energy, or investment tax credits associated with the development, installation, ownership or operation of the System, accelerated depreciation, and other financial incentives in the form of credits, reductions or allowances associated with the System; and (b) all other credits or rebates, howsoever entitled or named, whether arising under federal, state or local law, international treaty, or the like, arising from or relating to the System (or any component thereof) or otherwise from the development, installation or ownership of the System or the production or sale of the output of the System (or any component thereof). Without limiting the foregoing, “Environmental Financial Incentives” includes the right to claim federal income tax credits under Sections 45 or 48 of the Internal Revenue Code or any state tax law or income tax deductions with respect to the System under the Internal Revenue Code or any state tax law. “Environmental Financial Incentives” do not include Environmental Attributes.
Environmental Financial Incentives means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (i) performance-based incentives, rebates and any other incentives under the federal government's, any state's, any municipality's, or any utility's solar program or initiative, incentive tax credits (including investment tax credits arising under the Internal Revenue Code of 1986), other tax benefits or grants in lieu thereof (including without limitation the monetization of tax benefits), and accelerated depreciation (collectively, "incentives"), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, energy generation, or other environmental or energy characteristics, resulting from the construction, ownership or operation of the System or from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Energy generated by the System; and (ii) all Reporting Rights with respect to any of the above.