Optimizing Beyond 21%: Leveraging Renewable Energy Credits

Venue

This is a virtual event, accessible over the phone. Access instructions will be provided after registration.

Description

This is a complimentary program sponsored by Foss & Company. 

The corporate tax has been cut to 21%. Is it possible to go any lower? Renewable energy credits remain in place post tax reform, and can be a valuable part of a corporate tax strategy.

This webinar focuses on large-scale federal incentives for renewable energy, presenting an overview of the major accounting, legal, and finance concepts associated with generating power via solar and wind technologies using renewable energy tax credits, and a look at the state of the solar and wind energy markets in the U.S. today.

What are renewable energy tax credits? 
• The Renewable Electricity Production Tax Credit (PTC) is a federal incentive for the electricity generated by qualified energy resources and development of renewable energy facilities. 
• The federal Business Energy Investment Tax Credit (ITC) provides incentives for investing in green energy properties, including solar technologies, fuel cells, small wind turbines, microturbines and geothermal systems.

Why does it matter? With a substantially lower overall tax rate, the options for lowering your corporate tax bill have also been minimized. Renewable energy tax credits remain a time-tested method of realizing tax savings for large corporations. This webinar will cover options for investing directly in renewables as well as investing in a renewables fund to realize the tax credit benefits.

How can you use renewable energy tax credits to lower your corporate tax bill? Join Bloomberg Tax on April 25th to learn more.

Educational Objectives:
• Understand the tax code provisions that allow for renewable energy credits.
• Differentiate requirements to claim the PTC and ITC for a corporation.
• Understand how corporations can invest directly in renewables as well as funds for renewables to claim tax credits.

Who would benefit most from attending this program?
Administrator, Attorney/Counsel, Board Member, Consultant, Controller/Comptroller, CPA/Accountant, CEO/President, Finance, Practice Group Leader

Presenters

James Duffy
  • Partner
  • Nixon Peabody LLP

James F. Duffy is a partner in the Boston office of the national law firm, Nixon Peabody LLP. He serves as the Chair of the firm’s Renewable Energy Tax Credit Team and concentrates his practice on structuring and closing transactions involving federal income tax credits and other significant federal and state income tax incentives, including Production Tax Credits for wind and other forms of renewable energy, Energy Investment Tax Credits for solar and certain other forms of renewable energy, as well as Treasury cash grants in lieu of Energy Investment Tax Credits. His practice also covers New Markets Tax Credits, Historic Rehabilitation Tax Credits, and Low-Income Housing Tax Credits. Mr. Duffy has represented numerous developers, investors, syndicators and lenders in structuring and closing renewable energy and other transactions. He is a member of the American, Massachusetts, and Boston Bar Associations. He has served as the chair of the Equity Finance Committee of the Real Estate Section of the Boston Bar Association and as a member of the Real Estate Steering Committee of the Boston Bar Association and is admitted to practice in Massachusetts. He is a graduate of the University of Rhode Island, B.A., summa cum laude (1978), and The Harvard Law School, J.D. (1981).

Tony Grappone, CPA
  • Partner
  • Novogradac & Company LLP

Tony Grappone is a partner in the Boston office of Novogradac & Company LLP, where he specializes in providing accounting, tax and consulting services to developers, syndicators and investors of developments that qualify for federal and state tax credits such as the low-income housing tax credit (LIHTC), historic rehabilitation tax credit (HTC), new markets tax credit (NMTC) and renewable energy tax credits (RETCs). Mr. Grappone is a frequent speaker at various renewable energy and other tax credit industry events and has contributed several articles on renewable energy to the Novogradac Journal of Tax Credits and serves as a technical editor of the firm’s Renewable Energy Tax Credit Handbook. Before joining Novogradac & Company LLP, Mr. Grappone worked at Ernst & Young LLP, specializing in partnership taxation within the affordable housing industry and servicing many of the nation’s largest tax credit syndicators and investors. In addition, he served several leading venture capital firms as well as commercial real estate developers and investors. Mr. Grappone served as a member on the Northeastern University Undergraduate Accounting Group Advisory Board and the board of directors of the Women’s Institute for Housing and Economic Development. He received a bachelor’s degree from Northeastern University in Boston and is licensed in Massachusetts and New Hampshire as a certified public accountant.

Alex Tiller
  • Managing Director
  • Foss Renewable Energy Partners, LLC

Alex Tiller is Managing Director of Foss Renewable Energy Partners, LLC, a Tax Equity investment fund and syndication platform for renewable energy projects. Tiller is the former President of Vancouver BC based Solar Alliance Energy, Inc and former CEO of Sunetric, previously Hawaii’s largest solar company.  Tiller was a founding a partner of Sunetric Capital, Aloha Solar Energy, and Aloha Solar Partners; all three entities operated within the solar project development, financing, and asset management space.  Prior to his career in renewables Tiller led the development of a private equity investment fund focused on agriculture and farmland. Mr. Tiller started his career at Fidelity Investments and he currently serves as the Chairman of Kunoa Cattle company, a Hawaiian grass-fed beef company. Tiller attended Northeastern University for his undergraduate degree and is currently completing his MBA at the MIT Sloan School of Management. 

Continuing Education

Credits:
1.0 General COA
Practice Areas:
Tax & Accounting
Prerequisite:
A basic understanding of the U.S. corporate tax code.
Level:
Basic
Production Date:
04/25/2018