Solar Energy and ITC: New IRS Guidance on Begin-Construction Requirement
Transferring Energy Property, Treatment of Multiple Energy Properties as Single Facility
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide counsel to companies considering or involved in solar energy projects with guidance on the federal investment tax credits (ITC). The panel will discuss the new IRS guidance and offer their best practices for taking advantage of the tax credits as part of tax planning on solar energy projects.
- Tests for meeting begin-construction requirement
- Physical-work test
- Five percent safe harbor test
- Additional practical steps for developers
- Transferring energy property and projects
- Treatment of multiple energy properties as a single facility
- Retrofitted projects
The panel will review these and other critical issues:
- How can the begin construction requirement be met under the physical work test? The five percent safe-harbor test?
- What are the first steps for counsel seeking to take advantage of tax credits and incentives available to help finance solar energy projects?
- How will the new IRS guidance help solar project developers and investors avoid solar tariffs?
John J. Marciano, III
Akin Gump Strauss Hauer & Feld
Mr. Marciano is a member of the firm’s Global Project Finance Group. He focuses on providing tax, legal and... | Read More
Mr. Marciano is a member of the firm’s Global Project Finance Group. He focuses on providing tax, legal and commercial advice in relation to the development, financing, purchase, and sale of energy and infrastructure projects. Mr. Marciano works with a wide range of clients, primarily in connection with solar, wind, geothermal, fuel cell and biomass projects, and their development, ownership and financing.Close
Durham C. McCormick, Jr.
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.Close