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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, December 12, 2024

  • 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 counsel guidance on critical components of the Inflation Reduction Act of 2022 (the Act) related to renewable energy investing, development, and production. The panel will discuss green energy tax incentives and requirements under the Act, extensions and modifications to an investment tax credit (ITC) and production tax credit (PTC), Section 45Q tax credit and direct pay, the transfer of tax credits to third parties, and other essential items under the Act.

Faculty

Matt Kaden
Managing Director
Moss Adams Wealth Advisors LLC

Mr. Kaden has practiced federal income taxation since 2007. He has special expertise in the federal income taxation of flow-through entities, including partnerships, LLCs, and S corporations, and is an industry leader in the structuring and taxation of energy transactions, particularly in the energy transition and decarbonization areas. In his previous role at North America’s largest developer of renewable energy, Mr. Kaden was responsible for the structuring and tax-advantaged financing of over $10 billion in renewable energy and decarbonization projects via tax equity and private equity, and many more through public equity and debt raises. He was also responsible for all tax advice and modeling for the company’s publicly traded yieldco and electricity hedging and trading activities.

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Aaron S. Mitchell
Associate
Mcguire Woods LLP

Mr. Mitchell focuses his practice on the tax structuring of renewable energy transactions, including investment tax credits and production tax credits. He also has significant experience advising clients on the tax aspects of mergers and acquisitions in a variety of spaces, including renewable energy, power and infrastructure.

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Description

The Act encompasses significant renewables and clean energy initiatives provisions. Two years after the Act was signed into law, its impacts on the renewable energy sector are mostly positive, but there are also some long-term headwinds. Counsel must understand essential modifications and inclusions to recognize the Act's impact on renewable energy developers, producers, and investors.

The Act expands tax incentives for various renewable energy resources, reshapes how eligible renewable energy projects are financed, and monetizes new and expanded tax credits. The Act includes (1) modifications to ITC, PTC, and carbon capture requirements and limitations; (2) the inclusion of a "direct pay" option for tax credits under certain circumstances; (3) the inclusion of a tax credit transfer regime; and (4) a variety of energy tax credits.

Listen as our panel discusses green energy tax incentives and requirements under the Act, extensions and modifications to an ITC and PTC, Section 45Q tax credit and direct pay, the transfer of tax credits to third parties, and other critical items under the Act.

Outline

  1. Overview of impact of the Act on renewables
  2. ITC, PTC, and carbon capture modifications
  3. Tax credit transfer regime
  4. New energy tax credits

Benefits

The panel will discuss these and other key issues:

  • Extension and modifications to ITC and PTC
  • Changes to carbon capture requirements
  • Inclusion of a "direct pay" option for carbon capture credit, PTC, and ITC
  • Transfers of tax credits to third parties
  • Modifications to carrybacks and carryforwards for tax credits
  • Renewable energy tax credits for clean electricity and hydrogen
  • Key considerations and next steps for renewable energy developers, producers, and investors