Replies to post #15430 on Alternus Energy Inc. (fka ALTND)

[The Rainmaker]

One other thing with the United States only 12 states have laws that allow this. Google-Virtual net metering.


Laws to regulate these are created on a state-by-state basis through virtual net metering, which is a tariff arrangement that enables a multi-meter property to allocate solar system credits to other tenants. Currently, only 11 states allow this:
•California
•Colorado
•Connecticut
•Illinois
•Maine
•Maryland
•Massachusetts
•Rhode Island
•Minnesota
•District of Columbia
•Vermont

[The Rainmaker]

One more regarding United States laws....it's the SEC rules that need to change.

Regulations by the Security Exchange Commission (SEC) prevented from allowing non-accredited investors in all 50 states to invest in their solar project offerings. Crowdfunding platforms like Indiegogo and Kickstarter, who offer projects in every state, are prevented from offering return on investments, which is why projects offer gifts or other paybacks. Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 is a step in the right direction, allowing an unlimited number of unaccredited investors without SEC registration to invest, and provided many investor protections. The JOBS Act affects companies that want people to crowdfund shares in their projects. However, Congress left much of Title III rulemaking up to the SEC.