Qualifying for Enhanced Credits for ITC, PTC, and Carbon Capture: New IRS Final Regs and Guidance
Prevailing Wage and Apprenticeship Requirements Under the IRA, Beginning of Construction
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide an analysis of the IRS final regulations, as well as of previous relevant IRS guidance, for prevailing wage, apprenticeship, and beginning of construction requirements under the Inflation Reduction Act (IRA). The panel will discuss key provisions of the IRA, and rules and requirements for qualifying for enhanced credit amounts for the production tax credit (PTC), investment tax credit (ITC), and carbon capture and sequestration credit in light of the IRA.
Outline
- Impact of the IRA on renewables
- ITC, PTC, and carbon capture credit modifications
- Prevailing wage
- Apprenticeship
- Beginning of construction
- Key considerations and next steps
Benefits
The panel will discuss these and other key issues:
- Extension and modifications to ITC, PTC, and other clean energy credits under the IRA
- Prevailing wage requirements under Section 45(b)(7)(A)
- Apprenticeship requirements under Section 45(b)(8)
- Guidance for beginning of construction requirements
- Key considerations and next steps for renewable energy developers, producers, and investors
Faculty
Bryan Didier
Partner and Managing Director
Monarch Private Capital
Mr. Didier, a Partner and Managing Director of Renewable Energy at Monarch Private Capital, blends nearly two decades... | Read More
Mr. Didier, a Partner and Managing Director of Renewable Energy at Monarch Private Capital, blends nearly two decades of legal experience in renewable energy with over 30 years of leadership, including 20 years as a US Navy officer. He leads and manages Monarch’s renewable energy tax practice, overseeing the origination and closing of transactions, working closely with investors, and serving as the primary point of contact for developers and service providers in the rapidly expanding renewable energy field. Mr. Didier has been a frequent lecturer, speaker, and panelist for industry conferences and CLEs, including most recently on opportunities created by the Inflation Reduction Act. Formerly a partner at Leverage Law Group, LLC, he developed and led the firm’s renewable energy practice, focusing on tax-credit incentivized transactions. Mr. Didier is also well-versed in project finance and corporate governance from his time as in-house counsel in the utility and chemical manufacturing sectors.
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Hilary Lefko
Partner
Norton Rose Fulbright US
Ms. Lefko focuses her practice on all areas of federal income tax law, with a particular emphasis on tax... | Read More
Ms. Lefko focuses her practice on all areas of federal income tax law, with a particular emphasis on tax controversy and renewable energy tax issues. She represents developers and investors in various energy and renewable energy projects, including transactions involving section 45 production tax credits for the production of electricity from renewable resources, including the purchase and sale of wind, open-loop biomass, landfill gas, geothermal and refined coal facilities. Ms. Lefko also advises on section 48 investment tax credits for solar projects, the Section 1603 Treasury Grant Program and other renewable energy incentives.
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Joshua Morris, CPA
Partner
Novogradac & Company
Mr. Morris specializes in renewable energy tax credits, new markets tax credits, historic tax credits and the... | Read More
Mr. Morris specializes in renewable energy tax credits, new markets tax credits, historic tax credits and the opportunity zones incentive. He performs numerous services related to these industries, including financial statement and cost certification audits, tax preparation, general and compliance consulting, and forecasting services. Mr. Morris also works with numerous developers/sponsors, syndicators and investors by providing consulting and transaction advisory services. His consulting and transaction advisory skillset includes financial structuring and modeling expertise with integrated GAAP transactional and ongoing operation support for various tax credit industry participants. Mr. Morris earned a bachelor’s degree in accounting from Youngstown State University in Youngstown, Ohio. He is a licensed certified public accountant in Ohio.
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