Category 3 Benefits Sharing statement template

 

This template will help you prepare a Benefits Sharing statement for a Category 3 application under the Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Draft statement

Applicants for an allocation under Category 3 must submit a draft Benefits Sharing statement as defined in Internal Revenue Code Section 1.48E(h)-1(e)(6). The statement must show that the project will meet the financial benefits requirements based on the expected annual energy produced by the as-built facility when placed in service. The statement must include:

  1. A calculation of the facility’s gross financial value
  2. A calculation of the facility’s net financial value
  3. A calculation of the financial value required to be distributed to building occupants
  4. A description of the means through which the required financial value will be distributed to building occupants, and which entity will be responsible for the distribution of benefits to the occupants.

Final statement

The owner must provide a final Benefits Sharing statement with the same items from the original draft statement and an explanation of any changes.

Using the template

This template is a spreadsheet with formulas to perform calculations for your project. You don’t have to use the template to prepare your statement.

Category 3 Benefits Sharing Statement Template XLSX

Related

Clean Electricity Low-Income Communities Bonus Credit Amount Program