Using Inverted Leases to Finance Renewable Energy Projects
Evaluating Tax Risks, Navigating Structural Variations, Leveraging Pass-Through Election
Recording of a 90-minute CLE webinar with Q&A
Conducted on Wednesday, March 29, 2017
Recorded event now available
This CLE webinar will provide guidance to counsel for parties involved in financing energy projects on using inverted lease tax equity structures. The webinar will be a deep dive into inverted leases and current issues in such transactions. The panel will also discuss broader trends in renewable energy financing.
When using inverted leases, the renewable energy company assigns customer agreements and leases to a tax equity investor who collects the customer revenue and pays most of it to the renewable company as rent. The company passes through the investment tax credit to the tax equity investor but keeps the depreciation. The energy company takes the asset back when the lease is terminated.
Inverted leases provide several advantages, including lower exit costs, more efficient use of depreciation benefits, and no basis reduction. However, they also come with some downsides, including a potentially higher tax structure risk and tax equity that is not shielded from risk.
When considering financing for solar energy projects, counsel and their clients must understand the pros and cons of inverted leases and how they fit in the tax structure and tax credits.
Listen as our authoritative panel provides an in-depth discussion of inverted lease tax equity structures. The panel will discuss the business, financial and tax reasons behind choosing to use the inverted lease structure. The panel will also examine inverted leases in solar investment tax credit transactions, the different structural variations and the tax risks involved.
- Current state of the solar finance market and trends for the near future
- Inverted leases
- Pass-through election and designation
- Tax risks
- Lease terms
- Structure variations
The panel will review these and other key issues:
- Impact of corporate tax reform and planning in anticipation of tax law changes
- Tools available to adjust to a market where falling electricity prices mean less cash flow
- The pros and cons of using an inverted lease versus alternative tax equity structures and of using different variations of inverted leases
Keith Martin, Partner
Chadbourne & Parke,
Mr. Martin is a transactional lawyer whose principal areas of practice are tax and project finance. He acted for 178 companies last year and worked on transactions in the United States and eight foreign countries. He also lobbies Congress and the Treasury Department on policy issues. He is co-head of the Firm’s project finance group.
Jorge Medina, Assistant General Counsel, Tax
San Mateo, Calif.
CLE On-Demand - Streaming Video
Includes recorded streaming video of full program plus PDF handouts.
On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.
AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.
**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.
CLE On-Demand Video $297.00
Available 48 hours after the live event
Includes full event recording plus handouts (available after live webinar).
Strafford is an approved provider and self-study CLE credit is available in most states.
AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
Strafford will process CLE credit for one person on each recording.
Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email email@example.com to place your order.
Recorded Webinar Download $297.00
Available 48 hours after the live event
Recorded Audio Download (MP3) $297.00
Available 24 hours after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
Strafford webinars offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program). Please note that our webinars do not feature videos of the presenters.
CLE Credits By State
The speakers were excellent and made it easy to understand the complex subjects.
Winston & Strawn
I liked that I was able to garner some important information without being overwhelmed or lose interest.
Richards, Layton & Finger
I enjoyed the webinar topic and being able to access the program via computer/phone.
Rose, Sundstrom & Bentley
The entire program was excellent.
Farella, Braun + Martel
I thought it was helpful to hear about a topic that does not seem to be discussed very often.
Environmental Law Advisory Board
Loeb & Loeb
Shipman & Goodwin
Barnes & Thornburg
Akin Gump Strauss Hauer & Feld
Arnold & Porter
Gibson Dunn & Crutcher
Dinsmore & Shohl
Beveridge & Diamond
Crowell & Moring
Stroock & Stroock & Lavan
Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10. Complaints regarding this program can be submitted via the course evaluation found in the “Thank you” e-mail at the end of the course.