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If you’re looking to start an electrical business, it’s the perfect time to flip the switch. Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. Action item: Create a growth plan for your electrical company.
New York court holds that contractor installing cogeneration system not entitled to a mechanics lien. A New York court has held that a subcontractor who furnished labor and materials for a cogeneration system was not entitled to a mechanics lien. Chapeau filed bankruptcy. mechanics liens. Categories. arbitration.
Equipment or transmission lines used directly in producing or transmitting electrical power, but not including distribution. The income tax credits established are intended to promote investment in renewable energy production using low-emission and zero-emission electricity generation technologies.
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.
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