Mission Energy Inc., a growing leader in developing renewable energy projects for nonprofits, announced today the appointment of Jeff Rauenhorst as Co-Chief Executive Officer.

Rauenhorst will continue to focus on development and construction as he has over the past several years, while Last will lead origination. The Co-CEOs will share responsibility for all aspects of the company's operations and will work closely with the company's advisory board and leadership team to ensure that Mission Energy continues to grow and succeed.

New guidance from the Treasury Department and IRS was recently released for tax-exempt businesses to implement solar and storage projects, reinforcing the expanded opportunities for nonprofits to tap into the benefits of renewable energy projects.

Through a number of provisions, the recently passed Inflation Reduction Act alters the financial landscape for solar projects for nonprofits.