A Florida special development financing authority since 1993.
Renewable Energy
The Florida Development Finance Corporation [FDFC] provides access to tax-exempt and taxable bond financing for eligible projects that promotes renewable energy as defined in FL Statute 288.9606 (7).
Renewable Energy Defined
Florida Statute 288.9606 (7) defines renewable energy in s. 366.91 or s 377.803.
Bond
Financing
Eligible Borrowers
Tax-Exempt Bond Financing
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Eligible borrowers must meet the same requirement as qualified borrowers of Private Activity Bonds.
Taxable Bond Financing
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Borrowers must meet the requirements of FS 288.9606 (7)
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Commercial PACE "Property Assessed Clean Energy" program might be an available financing program option.
The meaningful benefits of Tax-Exempt Bond Financing:
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Lower Rates
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Tax-exempt bonds generally offer lower interest rates because banks and investors are willing to accept a lower interest rate when they do not have to pay tax on the interest they receive on the bonds.
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Longer Terms
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The FDFC is able to offer terms up to 35 years.
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366.91 Renewable Energy:
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Biogas
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Biomass
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Customer-owned renewable generation
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Net Metering
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Renewable natural gas
377.803 Renewable Energy Definition Includes:
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Geothermal energy
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Wind energy
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Ocean energy
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Waste heat
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Hydroelectric power
Next Steps
Connect with us
Our goal is to connect Florida Projects, here are immediate next steps to start the process:
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Determine capital needs.
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Create a financial model.
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Determine how much debt can be supported with cashflows.
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Engage a financing team.
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Team should include a
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Financial Advisor or Investment Banker
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Bond Counsel
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Corporate Counsel
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Trustee
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Connect with our office to discuss your project further and learn more.
407-712-6356