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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Energy

Date & Time
  • event Date

    Thursday, February 20, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE webinar will provide attorneys, developers, and investors with an in-depth understanding of the U.S. Treasury Department's final regulations, issued in December 2024, on the renewable energy policy investment tax credit. The session will cover eligibility criteria, compliance requirements, and strategic considerations for maximizing benefits under the new regulations.

Faculty

Anne C. Loomis
Partner
Troutman Pepper Locke LLP

Ms. Loomis is a tax attorney and CPA with many years of experience in the energy industry. Her in-house experience with a Fortune 500 energy company, understanding of clients’ tax accounting considerations, and face-to-face experience with the IRS make her an invaluable member of the tax practice.

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Kara Altman
Counsel
A&O Shearman

Ms. Altman's practice focusses on federal income tax matters related to renewable energy projects. She also has experience advising clients on the tax aspects of fund and joint venture formation and on investments in US real estate. Prior to joining the firm, Ms. Altman was an attorney with the IRS Office of Chief Counsel, Passthroughs & Special Industries, where she advised on the carried interest tax regulations and on various tax litigation matters.

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Description

The U.S. Treasury Department's final regulations on the renewable energy policy investment tax credit, issued in December 2024, mark a significant development in the renewable energy sector. These regulations provide clarity on the eligibility and compliance requirements for claiming investment tax credits, which are crucial for financing renewable energy projects. Understanding these regulations is essential for attorneys, developers, and investors to navigate the complexities of the tax credit system and optimize their financial strategies.

The final regulations address several key areas, including the definition of qualifying renewable “energy projects,” the types of property eligible for the credit, the treatment of property with used components, and claiming the investment tax credit with respect to qualified interconnection costs. By adhering to these regulations, stakeholders can enhance their project's financial viability and contribute to the growth of the renewable energy industry.

Listen as our expert panel provides a comprehensive analysis of the final regulations, highlighting the critical changes and their implications for renewable energy projects. The panel will also share practical insights on how to meet the eligibility criteria, navigate the compliance landscape, and leverage the tax credits to secure financing.

Outline

  1. Overview of the final regulations
    1. Definition of qualifying renewable energy properties
    2. Eligibility criteria for investment tax credits
    3. Property incorporating used components
  2. Definition of “energy project”
    1. Determining the energy project
    2. Placed in service
    3. Adders
  3. Strategic considerations
    1. Maximizing benefits under the new regulations
    2. Financial strategies for renewable energy projects
  4. Practical insights from the expert panel
    1. Meeting eligibility criteria
    2. Navigating the compliance landscape
    3. Leveraging tax credits for financing

Benefits

The panel will review these and other key issues:

  • Eligibility requirements for renewable energy projects to qualify for investment credits
  • Key documentation and substantiation needed to claim the credits
  • Process and mechanics of transferring tax credits
  • Critical changes introduced by the final regulations and their implications for renewable energy investments