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
Recording of a 90-minute premium CLE video webinar with Q&A
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.
Outline
- Overview of impact of the Act on renewables
- ITC, PTC, and carbon capture modifications
- Tax credit transfer regime
- 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
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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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
Ms. Rosenberg's practice focuses on federal income tax law, with a particular emphasis on renewable energy investment, energy tax credits, government incentive programs and domestic and international project finance transactions. She also has extensive experience on CFIUS filings for foreign acquisitions of US companies and projects.
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