Renewable Energy Projects: Maximizing Investment and Production Tax Credits
Strategies for Leveraging Federal Tax Benefits, Incentives, and Recent IRS Guidance
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide counsel to companies considering or involved in renewable energy projects with guidance on the federal tax credits. The panel will also discuss the recent IRS guidance, the impact of COVID-19, and offer their best practices for taking advantage of the tax credits and other incentives as part of tax planning on renewable energy projects.
Outline
- Tax credits
- ITC
- PTC
- Recent law changes and IRS guidance
- Tax equity structuring considerations
Benefits
The panel will review these and other key issues:
- How are key stakeholders, such as investors and developers, impacted by the ITC and PTC extensions and recently enacted bills?
- How will financing structures for renewable energy projects change in light of COVID-19 and IRS guidance?
- What are the critical steps for counsel seeking to take advantage of tax credits and incentives available to help finance renewable energy projects?
Faculty
Tony Grappone, CPA
Partner
Novogradac & Company
Mr. Grappone specializes in providing accounting, tax and consulting services to developers, syndicators and investors... | Read More
Mr. Grappone specializes in providing accounting, tax and consulting services to developers, syndicators and investors of developments that qualify for federal and state tax credits such as the low-income housing tax credit, historic rehabilitation tax credit, new markets tax credit, renewable energy tax credits and opportunity zone incentives. He is a frequent speaker at various renewable energy and other tax credit industry events and has contributed several articles on renewable energy to the Novogradac Journal of Tax Credits and serves as a technical editor of the Novogradac Renewable Energy Tax Credit Handbook.
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Durham C. McCormick, Jr.
Partner
McGuireWoods
Mr. McCormick focuses his practice on tax structuring for renewable energy transactions, with a particular emphasis on... | Read More
Mr. McCormick focuses his practice on tax structuring for renewable energy transactions, with a particular emphasis on production tax credits (PTC), investment tax credits (ITC) and Section 1603 Treasury Grants. His renewable energy experience includes project developments, joint ownership arrangements, power purchase agreements, transmission agreements, turbine supply agreements, balance of plant contracts, financings, acquisitions, divestures and operational matters. He also has significant experience representing clients with their mergers and acquisitions, finance ventures, capital raises and general governance.
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Jorge Medina
Partner
Pillsbury Winthrop Shaw Pittman
Mr. Medina’s practice focuses on tax aspects of energy investment and financing transactions, including tax... | Read More
Mr. Medina’s practice focuses on tax aspects of energy investment and financing transactions, including tax equity investments in the renewables space. He regularly works on federal tax policy and controversy issues involving renewable energy, and he has extensive experience structuring tax-driven transactions. Prior to joining the firm, Mr. Medina was associate general counsel-tax at automotive and energy company Tesla Inc. He was primarily responsible for all tax issues across Tesla related to the energy and storage business. Mr. Medina previously served as Vice President and Deputy General Counsel at SolarCity, which Tesla purchased in 2016. He also previously worked at Dewey LeBoeuf and Sidley Austin, where he handled a wide range of U.S. tax matters, particularly those in the renewable energy, equipment leasing, and tax equity fields.
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