How does funding work?

Solar projects, like other energy projects, are infrastructure projects that receive capital in a variety of ways which can change during the different stages of development. The Border Basin project will partner with investors to support capital expenditure costs, debt, and tax equity. Solar projects are also eligible for the Investment Tax Credit (ITC), which enables solar projects to receive a tax credit once operational. You can read more about the ITC here. The Border Basin Solar Project does not receive any direct funding from federal, state or local government.