About the Course
Introduction
This CLE webinar will discuss the advanced manufacturing production credit under Section 45X of the Internal Revenue Code and its implications for renewable energy. The panelist will also discuss the recent final regulations issued by the U.S. Treasury Department and the IRS relating to the credit as well as implications for the energy sector.
Description
The Inflation Reduction Act of 2022 incentivized investment in qualified clean energy and energy-efficient property through various measures and tax credits, including the Section 45X advanced manufacturing production credit. Section 45X aims to boost domestic manufacturing of eligible components such as solar energy components, wind energy components, inverters, battery components, and certain critical minerals.
On Oct. 28, 2024, the U.S. Department of the Treasury and the IRS released final regulations pertaining to the Section 45X credit. Compared to the proposed regulations issued in 2023, these regulations make several changes favorable to taxpayers and expand the scope of the credit. The rules provide detailed guidance on the eligibility criteria, calculation methods, and compliance requirements for the Section 45X credit and clarify the inclusion of extraction and production costs for applicable critical minerals and electrode active materials.
The Section 45X tax credit provides significant tax opportunities and benefits for qualifying businesses, but it raises significant issues and questions as well. For example, understanding the credits can be complex, as there are questions about overlap and mutual exclusivity of the Section 45X and Section 48C credits as well as the interaction of the Section 45X credit with other credits and incentives.
Listen as our panelist explores eligibility criteria for the credit, the final regulations, implications for the credit under the incoming administration, including potential legislative developments, and its interaction with other credits.
Presented By
Mr. Basit focuses his practice on renewable energy investments, domestic and international project finance transactions, energy tax credits and other government incentive programs. He also has experience advising clients on a broad range of federal income tax matters, including domestic and cross-border mergers and acquisitions and financings. Additionally, Mr. Basit has significant experience representing clients in all aspects of federal tax controversy in audit examinations, administrative appeals, and at trial.
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Ms. Jacques is a senior associate in Norton Rose Fulbright's New York office. Her practice is focused on federal income tax law, with particular emphasis on renewable energy transactions.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Thursday, January 22, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Introduction to Section 45X advanced manufacturing tax credit; applicability to renewable energy
II. Eligibility criteria
III. Legislative developments
IV. Strategic considerations
V. Conclusion with Q&A
The panelist will review these and other key issues:
- Strategies to maximize the Section 45X credit for renewable energy
- Interaction with other tax credits
- Recent legislative developments and their likely impact on the Section 45X credit
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