An experienced accountant and financial professional, Samuel Brice Hall has served at various investment businesses throughout the course of his career. He joined Piedmont Private Equity, LLC, in 2011 and has since served as director of investor relations. In this capacity, Samuel Brice Hall oversees tax mitigation as well as conservation strategy projects, including solar energy farms.
Since 2010, commercial entities from different sectors have been relying on solar energy as a clean source of electricity. A solar farm is an area with a consolidation of photovoltaic panels (solar panels) designed to harvest solar energy from sunlight. Utility-scale solar farms are generically massive solar farms with large collections of solar panels that often extend across the horizon. Utility-scale solar farms are designed for commercial use and generate hundreds of megawatts of electricity. To exemplify the magnitude of a megawatt, consider the fact that 100 megawatts of electricity is sufficient to power 15,000 homes in the United States. Most companies buy solar power from utility-scale solar farm owners through power purchase agreements (based on the amount of electricity consumed) or tax equity investments. In a solar tax equity investment, a company invests in a solar farm project in exchange for access to a portion of the solar energy generated from that project. For example, Starbucks has historically partnered with USBCDC to power over 300 of its stores in Houston and Dallas with clean solar energy. As per the contract, Starbucks provided funds to support two solar farm projects with that aim. Through this strategy, Starbucks was able to minimize its tax liability by reducing carbon footprints without having to go through the intricacies of initiating a separate project on its own.
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AuthorIn 2011, Mr. Hall relocated to Atlanta, Georgia, and accepted an appointment as the director of investor relations at Piedmont Private Equity, where he remains. ArchivesCategories
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