Inflation Reduction Act Implications for Renewable Energy: New Tax Credits, Extensions, Carbon Capture, and More

Modifications of ITC and PTC, 45Q Tax Credit Through Direct Pay, Tax Credit Transfers, Minimum Tax, Domestic Manufacturing

Note: CPE credit is not offered on this program

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
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Tuesday, October 25, 2022

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 10/6/2022!)

or call 1-800-926-7926

This CLE webinar will provide attorneys 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 new 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.

Description

The Act encompasses significant renewables and clean energy initiatives provisions. 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 new energy tax credits.

Listen as our panel discusses new 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.

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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
  • New renewable energy tax credits for clean electricity and hydrogen
  • Key considerations and next steps for renewable energy developers, producers, and investors

Faculty

McCormick, Durham
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

Rosenberg, Amanda
Amanda L. Rosenberg

Partner
Mayer Brown

Ms. Rosenberg's practice focuses on federal income tax law, with a particular emphasis on renewable energy...  |  Read More

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