Replies to post #83415 on Sun Pacific Holding Corp (SNPW)

[drugmanrx]

🔧⚡️BREAKING: House passes bill preserving core clean energy drivers!
Among SURVIVING CREDITS is the §45X Advanced Manufacturing PTC—vital for scaling domestic clean tech production and bolstering U.S. energy security. Huge win for industrial decarbonization. #45X #Energy

— SNPW (Renewable Energy Solutions) (@SunPacificPower) May 22, 2025

[wallstreet1231]

Where is funding coming from for snpw to build manufacturing facilities? Last filing states they have 8k in cash. To take advantage of tax write offs one needs to first invest the money/build a facility/sell product/secure earnings and then take advantage of a tax write off.

Snpw previously stated “ We are not issuing or selling any new shares and have been self-funding while we build out our plan. No reverse splits on the horizon.” What are the plans for financing? Seems like a reasonable question that shareholders should be asking instead of fast forwarding to tax write offs. $8k in cash with zero sales reported and $3.7m in liabilities is not such a great picture.

Businesses will be allowed to fully and immediately deduct the cost of building new manufacturing facilities. This temporary provision is retroactive to January 19, 2025 and runs through the end of 2028. The bill restores a tax break from the 2017 tax package that lets businesses fully write off the cost of equipment in the first year it was purchased. Solar and wind farms that enter service after 2027 would no longer be eligible for the credits.