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A question was submitted to Windustry regarding the use of a low interest loan (let's say 2%) to buy down the interest rate of a bank loan and the PTC. Would such a program invalidate the PTC? If you don't know, do you know an attorney with whom I could speak to get an answer to this question?
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Administrator Strong |
I would say no. The ‘haircut’ provision of the PTC is affected by grant subsidies to the equity portion, not on the debt side. Anyone else, would you agree? Anything to add?
Warren Ault, P.E. Windustry |
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