Response from renewable developers has been slow to the Tax Cuts and Job Act of 2017’s Opportunity Zone program, with only 11 Qualified Opportunity Funds (QOFs) focused on renewable energy since the program began. The program provides capital gains tax benefits for renewable investments in up to 8,700 federally designated areas. The program allows investors to defer taxes and gains put into QOFs, the vehicles used to invest in the zones, until December 2026. Investors who hold their investments for five to seven years can increase their basis on the investment by 10 to 15 percent, cutting taxes by an equal amount…. Read more