https://pfnadmin.liberty-ai.net/rss Project Finance Norton Rose Fulbright Wed, 06 May 2026 12:47:16 Z Lightmaker Limited https://pfnadmin.liberty-ai.net/assets/images/global/norton-rose-fulbright-logo.png https://pfnadmin.liberty-ai.net/rss https://pfnadmin.liberty-ai.net https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-new-feoc-guidance-notice-2026-15 David Burton Renewable energy Blog article The Internal Revenue Service has issued Notice 2026-15 providing preliminary rules on the “material assistance” restrictions. Tue, 17 Feb 2026 17:17:54 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-definition-of-project-under-the-inflation-reduction-act-a-comparative-guide-to-legacy-and-tech-neutral-tax-credits David Burton Renewable energy Blog article The Inflation Reduction has reshaped how developers, investors, construction companies, and tax advisors must analyze energy tax credit eligibility. Thu, 05 Feb 2026 20:46:28 Z https://pfnadmin.liberty-ai.net/blog/doe-rebrands-energy-infrastructure-reinvestment-program-as-energy-dominance-financing-program Ken Hansen, Rachel Rosenfeld Renewable energy A new name, broader authority, and a $250 billion lending cap signal a major shift in federal financing for energy projects. Fri, 07 Nov 2025 23:04:14 Z https://pfnadmin.liberty-ai.net/tax-equity-news/a-practical-overview-of-the-obbb-s-feoc-rules David Burton Renewable energy Blog article Here are slides that discuss the OBBB’s FEOC restrictions, generally, including a discussion of the “foreign-influenced entity” rule’s implications for lenders. Wed, 01 Oct 2025 21:32:38 Z https://pfnadmin.liberty-ai.net/tax-equity-news/lender-rep-on-specified-foreign-entity-status David Burton Renewable energy Blog article Due to the enactment of the One Big Beautiful Bill (OBB), borrowers negotiating financing for energy tax credit eligible projects that began construction after 2024 are requesting representations Wed, 03 Sep 2025 17:08:17 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-one-big-beautiful-bill-s-obbb-energy-tax-credit-timeline-for-purposes-of-45-45y-48-48e David Burton Renewable energy Blog article Here’s a link to a detailed and visually organized timeline for various energy tax credit deadlines for beginning construction on projects and placing projects in service after the One Big Beautiful Bill’s Wed, 20 Aug 2025 22:19:57 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-new-construction-start-rules-for-wind-and-solar David Burton Renewable energy Blog article The US Treasury has tightened rules for when wind and solar projects qualify as under construction for federal tax credits, though the changes were not as bad as rumored. Sat, 16 Aug 2025 15:51:45 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-the-shift-back-to-gas David Burton Renewable energy Blog article At our 34th annual energy finance conference in San Diego this June, I moderated a panel exploring the federal government’s effort to promote new fossil fuel power plants. Fri, 01 Aug 2025 17:31:55 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-working-through-the-feoc-maze David Burton Renewable energy Blog article New FEOC rules will deny technology-neutral tax credits on new power plants and energy storage projects that rely heavily on Chinese equipment. Mon, 07 Jul 2025 01:02:32 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-effects-of-one-big-beautiful-bill-on-projects David Burton Renewable energy Blog article The budget reconciliation bill signed by President Trump on July 4 may spark a surge in power and storage projects starting construction by the end of 2025. Sun, 06 Jul 2025 00:59:51 Z https://pfnadmin.liberty-ai.net/tax-equity-news/2025-ptc-inflation-adjustment Ori Noiman Renewable energy Blog article Production tax credits for producing renewable electricity are the same this year for projects placed in service in 2022 or later. Thu, 29 May 2025 10:51:23 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-effects-of-the-final-house-tax-bill-on-projects David Burton Renewable energy Blog article The House passed a 1,116-page budget reconciliation bill early Thursday, expected to set off a rush to start construction of clean energy projects between now and early October. Thu, 22 May 2025 22:47:29 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-effects-of-house-tax-bill-on-projects David Burton Renewable energy Blog article The House Ways and Means Committee approved $3.8 trillion in tax proposals on Wednesday morning by a 26-19 party-line vote. Thu, 15 May 2025 17:04:37 Z https://pfnadmin.liberty-ai.net/tax-equity-news/presentation-slides-the-one-big-beautiful-bill-way-means-chairman-s-mark-energy-tax-credit-implications David Burton Blog article Renewable energy Here are the slides from a presentation that I gave to Jefferies LLC for its Washington Policy Series. Thu, 15 May 2025 10:47:37 Z https://pfnadmin.liberty-ai.net/tax-equity-news/presentation-slides-what-s-next-for-energy-tax-credits-and-the-transferability-market-in-trump-20 David Burton Blog article Renewable energy Here are the slides from a presentation that I gave to Jefferies LLC for its Washington Policy Series. Tue, 04 Mar 2025 12:13:45 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-updated-domestic-content-tables-notice-2025-08 David Burton Renewable energy Blog article The US Treasury updated the tables last week to calculate the domestic content percentage for solar, onshore wind, and storage projects. Tue, 21 Jan 2025 15:43:28 Z https://pfnadmin.liberty-ai.net/tax-equity-news/presentation-slides-election-implications-market-update David Burton Blog article Renewable energy Please read the analysis slides on what a Republican Trifecta means for renewable energy in 2025. Wed, 18 Dec 2024 17:15:04 Z https://pfnadmin.liberty-ai.net/tax-equity-news/geothermal-heat-pump-slides-on-technical-tax-issues-on-the-transferability-market David Burton Blog article Renewable energy I presented at the 2024 NY-GEO NYC Conference on October 23. Thu, 24 Oct 2024 11:54:02 Z https://pfnadmin.liberty-ai.net/tax-equity-news/how-the-presidential-election-could-impact-renewable-energy-tax-credits David Burton, Andrew Kelbley Blog article Renewable energy President Biden signed the Inflation Reduction Act (IRA) into law in 2022. Tue, 15 Oct 2024 21:43:04 Z https://pfnadmin.liberty-ai.net/tax-equity-news/presentation-slides-structuring-construction-and-tax-equity-bridge-financings David Burton, Rebecca Abou-Chedid Blog article Renewable energy David Burton and Rebecca Abou-Chedid presented at the Strafford live video webinar on Thursday, October 10. Thu, 10 Oct 2024 19:59:32 Z https://pfnadmin.liberty-ai.net/tax-equity-news/webinar-structuring-construction-and-tax-equity-bridge-financings-for-wind-solar-and-battery-storage-projects David Burton, Rebecca Abou-Chedid Blog article Renewable energy David Burton and Rebecca Abou-Chedid will be giving a Strafford live video webinar on Thursday, October 10, 1:00 pm - 2:30 pm EDT. Wed, 18 Sep 2024 17:36:40 Z https://pfnadmin.liberty-ai.net/tax-equity-news/a-look-at-ira-successes-and-failures David Burton Blog article Renewable energy It has been two years since the passage of the Inflation Reduction Act of 2022 (IRA), and like any complicated and multi-faceted policy, the IRA is a mixed bag of successes and failures. Thu, 15 Aug 2024 16:24:04 Z https://pfnadmin.liberty-ai.net/tax-equity-news/prevailing-wage-and-apprentice-rules-training-video David Burton Blog article Renewable energy I had the privilege to participate with Haydn Palliser in Pivotal 180's training video on the prevailing wage and apprentice rules that many projects must comply with to qualify for full tax credits. Wed, 14 Aug 2024 13:39:53 Z https://pfnadmin.liberty-ai.net/tax-equity-news/new-york-s-clean-energy-financing-investment-landscape-where-do-capital-providers-see-opportunities David Burton Blog article Renewable energy This panel discussion of project finance heavyweights was held on April 9 in Albany, NY at Infocast’s New York Energy Summit. Wed, 10 Jul 2024 14:34:39 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-final-wage-and-apprentice-requirements David Burton Blog article Renewable energy The IRS made significant revisions last week to the wage and apprentice requirements. Mon, 24 Jun 2024 21:46:29 Z https://pfnadmin.liberty-ai.net/tax-equity-news/advanced-manufacturing-credit-guidance-what-goes-around-comes-around-again Jenna Goldman, Harriet Amelia Wessel Blog article Renewable energy The U.S. Department of the Treasury expanded the Qualifying Advanced Energy Project Tax Credit Program (section 48C ) on April 29, 2024. Mon, 20 May 2024 13:36:28 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-simpler-domestic-content-calculations David Burton Blog article Renewable energy The US Treasury greatly simplified the calculations to determine whether solar, onshore wind and battery projects have enough domestic content to qualify for a 10% bonus credit. Fri, 17 May 2024 14:41:48 Z https://pfnadmin.liberty-ai.net/tax-equity-news/transferable-tax-credit-due-diligence-checklist David Burton, Bryen Alperin Blog article Renewable energy We have published a new sample diligence checklist for transferable tax credits. Tue, 30 Apr 2024 21:43:50 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-final-tax-credit-sale-guidance David Burton Blog article Renewable energy The IRS released the final regulations on selling tax credits today. Thu, 25 Apr 2024 22:35:49 Z https://pfnadmin.liberty-ai.net/tax-equity-news/harvard-kennedy-school-lecture-tackling-climate-change-with-tax-credits David Burton Blog article Renewable energy I had the privilege to give a lecture at the Harvard Kennedy School “Tackling Climate Change with Tax Credits: How the Inflation Reduction Act Works in Practice”. Wed, 17 Apr 2024 14:37:48 Z https://pfnadmin.liberty-ai.net/tax-equity-news/equipment-leasing-and-the-passive-activity-loss-rules David Burton Blog article Renewable energy In his recent Monitor Daily feature, David Burton discusses equipment leasing and the passive activity loss rules. Mon, 08 Apr 2024 15:06:58 Z https://pfnadmin.liberty-ai.net/tax-equity-news/infocast-solar-plus-wind-finance-investment-summit-2024-soundbites David Burton Blog article Renewable energy This post covers soundbites on transferability, energy communities, prevailing wage, domestic content, the 2024 election, storage, supply chain, increasing electricity demand and interconnection challenges. Fri, 15 Mar 2024 15:23:27 Z https://pfnadmin.liberty-ai.net/tax-equity-news/multiple-definitions-of-project-for-energy-tax-credit-purposes David Burton Blog article Renewable energy Whether a renewable energy project qualifies for tax credits depends on how “project” is defined. Thu, 08 Feb 2024 18:15:57 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-hydrogen-tax-credit-guidance David Burton, Keith Martin, Hilary Lefko Blog article Renewable energy The US Treasury has released proposed hydrogen tax credit regulations. Thu, 04 Jan 2024 15:54:53 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-manufacturer-s-tax-credits-under-section-45x-proposed-regulations David Burton, Keith Martin, Hilary Lefko Blog article Renewable energy The US Treasury has issued proposed regulations addressing manufacturer’s tax credits under section 45X. Sun, 17 Dec 2023 16:07:32 Z https://pfnadmin.liberty-ai.net/tax-equity-news/low-to-middle-income-lmi-investment-tax-credit-itc-adder-dashboard-oversubscribed-but-capacity-for-indian-land-certain-resi-categories David Burton Blog article Renewable energy Treasury has launched a LMI adder dashboard that tracks the application and approval process of the 10% investment tax credit adder for wind and solar projects have a capacity of 5 megawatts or less Wed, 06 Dec 2023 17:00:57 Z https://pfnadmin.liberty-ai.net/tax-equity-news/podcast-david-burton-on-the-inflation-reduction-act-and-transferable-tax-credits David Burton Blog article Renewable energy David Burton joins Ted Sheen who heads Clean Tech Americas for Standard Chartered in a two-part podcast to discuss the purpose of the Inflation Reduction Act Fri, 01 Dec 2023 18:30:55 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-proposed-investment-tax-credit-regulations David Burton, Keith Martin, Hilary Lefko Blog article Renewable energy The US Treasury has issued proposed investment tax credit (ITC) regulations. Mon, 20 Nov 2023 16:12:28 Z https://pfnadmin.liberty-ai.net/tax-equity-news/podcast-david-burton-on-energy-tax-credits-in-the-inflation-reduction-act David Burton Power Blog article Renewable energy Podcast episode David Burton joins Uptime Wind Energy Podcast Thu, 16 Nov 2023 19:15:35 Z https://pfnadmin.liberty-ai.net/tax-equity-news/proposed-basel-iii-rules-could-be-catastrophic-for-the-traditional-tax-equity-market David Burton, Hilary Lefko Blog article Renewable energy On July 27, 2023, the Office of the Comptroller of the Currency, Treasury; the Board of Governors of the Federal Reserve System; and the Federal Deposit Insurance Corporation (the “U.S. Banking Authorities”) Tue, 05 Sep 2023 00:40:35 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-wage-and-apprentice-proposed-regulations David Burton, Keith Martin, Hilary Lefko, Gabrielle Jacques Blog article Renewable energy The US Treasury issued proposed regulations filling in missing details regarding the prevailing wage and apprentice requirements, which the Inflation Reduction Act of 2022 requires developers to comply with Thu, 31 Aug 2023 16:21:11 Z https://pfnadmin.liberty-ai.net/tax-equity-news/low-income-community-bonus-credit-final-regulations Gabrielle Jacques Blog article Renewable energy The community solar and rooftop solar industries were starting to lose hope of claiming the economic justice bonus credits on 2023 projects. Mon, 14 Aug 2023 14:51:57 Z https://pfnadmin.liberty-ai.net/tax-equity-news/transferable-tax-credits-treated-favorably-under-the-oecd-s-pillar-two Hilary Lefko, David Burton Blog article Renewable energy On July 17, 2023, the Organization for Economic Cooperation and Development (the “OECD”) released favorable guidance on transferable tax credits under Pillar Two. Thu, 20 Jul 2023 10:49:13 Z https://pfnadmin.liberty-ai.net/tax-equity-news/post-ira-tax-incentive-regime-for-carbon-capture-renewable-natural-gas-and-clean-hydrogen Gabrielle Jacques Blog article Renewable energy The Inflation Reduction Act’s enhancements to carbon capture and sequestration tax credit and new tax credits for biogas investment and clean hydrogen production is creating novel opportunities for developers. Mon, 17 Jul 2023 16:06:14 Z https://pfnadmin.liberty-ai.net/tax-equity-news/sustainable-aviation-fuel-tax-incentives Gabrielle Jacques Blog article Renewable energy Among the Inflation Reduction Act’s package of credits and incentives for renewable fuel production is a new set of tax credits for sustainable aviation fuel (“SAF”). Thu, 13 Jul 2023 12:00:30 Z https://pfnadmin.liberty-ai.net/tax-equity-news/ptc-inflation-adjustment Hilary Lefko, Gabrielle Jacques Renewable energy Blog article Calculation Conventions Result in Higher PTC Rate for Old Projects than New Projects After 2023 Inflation Adjustment Mon, 26 Jun 2023 14:40:28 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-more-alta-wind-purchase-price-allocation-analysis David Burton, Keith Martin, Hilary Lefko Blog article Renewable energy A US Court of Federal Claims decision on June 20 that suggested the purchase price paid for a power project should be allocated partly to any tax credits or other government subsidies for which it qualifies Sat, 24 Jun 2023 16:54:08 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-two-low-income-community-bonus-tax-credit-programs Jenna Goldman, Gabrielle Jacques Blog article Renewable energy As sponsors and investors begin to plan projects and investments to take advantage of the Inflation Reduction Act’s ("IRA”) low-income community bonus tax credits (the “LIC Bonus Credit”) Tue, 20 Jun 2023 18:13:23 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-transferability-proposed-regulations David Burton, Keith Martin, Hilary Lefko Blog article Renewable energy The US Treasury issued proposed regulations addressing the rules for the transfer (sale) of energy tax credits under section 6418 as added by the Inflation Reduction Act of 2022. Mon, 19 Jun 2023 17:07:28 Z https://pfnadmin.liberty-ai.net/tax-equity-news/usda-s-new-funding-for-rural-electrification Gabrielle Jacques Blog article Renewable energy One of the many aims of the Inflation Reduction Act of 2022 (IRA) is to bring reliable and affordable renewable energy sources to rural America. The U.S. Department of Agriculture (USDA) recently announced its Tue, 13 Jun 2023 12:59:12 Z https://pfnadmin.liberty-ai.net/tax-equity-news/itc-and-ptc-cheat-sheet David Burton, Viktoria Vozarova Blog article Renewable energy A colleague, who is not a tax lawyer, asked for a cheat sheet with key facts about the production tax credit (PTC) and the investment tax credit (ITC) after the Inflation Reduction Act of 2022 (IRA). Thu, 18 May 2023 18:51:45 Z https://pfnadmin.liberty-ai.net/tax-equity-news/government-lawyers-discuss-energy-tax-credits-at-aba-meeting Ibrahim Basit Blog article Renewable energy The American Bar Association 2023 May Tax Meeting was held in Washington, DC, over a three-day period. Mon, 08 May 2023 19:38:41 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-credit-insurance-mitigates-risk-for-tax-credit-transfers-but-due-diligence-is-still-necessary Bryen Alperin, David Burton Blog article Renewable energy The Inflation Reduction Act of 2022 (IRA) changed almost a century of federal tax law and allowed energy credits to now be sold. Mon, 01 May 2023 17:12:35 Z https://pfnadmin.liberty-ai.net/tax-equity-news/energy-community-qualification-and-irs-rules-for-unemployment-data David Burton, Harriet Amelia Wessel Blog article Renewable energy The Bureau of Labor Statistics (BLS) published the official 2022 unemployment data, which provides the final puzzle piece for some owners of clean energy projects to be able to determine if their project Fri, 21 Apr 2023 21:38:25 Z https://pfnadmin.liberty-ai.net/tax-equity-news/are-you-using-the-right-version-of-the-irs-s-energy-community-notice David Burton Blog article Renewable energy Notice 2023-29 was generally welcomed news to the renewable energy industry as it provided significant clarify about how to determine if a project is sited in an “energy community.” Thu, 13 Apr 2023 11:14:49 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-equity-news-energy-community-bonus-credit-guidance David Burton, Keith Martin, Hilary Lefko, Harriet Amelia Wessel Blog article Renewable energy The Internal Revenue Service filled in missing details that were making it hard for renewable energy developers to feel confident about which projects qualify for a new 10% bonus tax credit for projects in Mon, 10 Apr 2023 20:23:36 Z https://pfnadmin.liberty-ai.net/tax-equity-news/overview-of-energy-tax-credits-after-the-ira David Burton Blog article Renewable energy The New York Energy Summit, presented by Infocast, was held in Albany from April 4 to 6 where David Burton served as Summit Chair. Mon, 10 Apr 2023 16:43:20 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-solar-plus-wind-finance-and-investment-summit-soundbites-the-corporate-offtake-and-ma-markets David Burton Blog article Renewable energy The second annual Solar + Wind Finance and Investment Summit was held in Phoenix from March 12 to 15. Tue, 04 Apr 2023 14:35:04 Z https://pfnadmin.liberty-ai.net/tax-equity-news/fasb-s-proportional-amortization-method-for-tax-equity-deals-ain-t-all-it-s-cracked-up-to-be David Burton Blog article Renewable energy On March 29, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2023-02 (ASU 2023-02). Thu, 30 Mar 2023 09:05:15 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-solar-plus-wind-finance-and-investment-summit-soundbites-the-debt-and-sponsor-equity-markets David Burton Renewable energy Blog article The second annual Solar + Wind Finance and Investment Summit was held in Phoenix from March 12 to 15. Wed, 22 Mar 2023 08:12:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-solar-plus-wind-finance-and-investment-summit-soundbites-the-tax-equity-market-and-transferability David Burton Blog article Renewable energy The second annual Solar + Wind Finance and Investment Summit was held in Phoenix from March 12 to 15. Mon, 20 Mar 2023 06:58:10 Z https://pfnadmin.liberty-ai.net/tax-equity-news/what-did-we-learn-from-the-advanced-energy-manufacturing-tax-credit-guidance David Burton Blog article Renewable energy Notice 2023-18 provides guidance on the advanced energy manufacturing tax credit. Except for explaining the application process, it did little more than parrot the statutory language in section 48C and promised Fri, 03 Mar 2023 16:03:41 Z https://pfnadmin.liberty-ai.net/tax-equity-news/ira-tax-credit-opportunities-for-clean-energy-technology-companies David Burton, Viktoria Vozarova Blog article Renewable energy Below are bullet points outlining tax credit opportunities for clean energy technology companies. Tue, 20 Dec 2022 00:00:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/irs-confirms-higher-ptc-rate-due-to-the-ira David Burton, Viktoria Vozarova Blog article Renewable energy IRS Announcement 2022-23 updates the production tax credit (PTC) rate to 2.75 cents a kWh for wind, solar, geothermal and closed-loop biomass power plants placed in service after 2021. Tue, 15 Nov 2022 22:37:59 Z https://pfnadmin.liberty-ai.net/tax-equity-news/battery-storage-tax-credit-opportunities-and-development-challenges David Burton, Hilary Lefko, Luke Edney Blog article Renewable energy Below are slides the authors prepared about tax credit opportunities and development challenges for battery storage. Fri, 11 Nov 2022 23:13:17 Z https://pfnadmin.liberty-ai.net/tax-equity-news/the-ira-s-expanded-tax-credits-for-homeowners-and-energy-efficiency-investors David Burton, Hilary Lefko, Jenna Goldman Blog article Renewable energy Power The Inflation Reduction Act (the IRA) added and expanded tax credits for various types of energy efficiency products as well as for individuals installing solar on their homes. Wed, 21 Sep 2022 00:30:52 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-credits-eligible-for-direct-pay-or-transferability-under-the-inflation-reduction-act Gabrielle Jacques Blog article Renewable energy Tax Credits Eligible for Direct Pay or Transferability Under the Inflation Reduction Act Mon, 29 Aug 2022 14:38:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/qa-on-the-inflation-reduction-act David Burton, Hilary Lefko Blog article Renewable energy Power During our webcast on the tax provisions of the Inflation Reduction Act of 2022 (H.R. 5376) (the “IRA”), we received over 800 questions. Fri, 19 Aug 2022 11:27:59 Z https://pfnadmin.liberty-ai.net/tax-equity-news/inflation-reduction-act-of-2022-new-tax-credits-for-manufacturers-of-clean-energy-equipment David Burton, Jenna Goldman, Viktoria Vozarova Blog article Renewable energy Power The Inflation Reduction Act of 2022 (the Act) has been celebrated for its proposed extension and expansion of credits for renewable energy project developers. Thu, 11 Aug 2022 22:56:44 Z https://pfnadmin.liberty-ai.net/tax-equity-news/transferability-ain-t-all-it-s-cracked-up-to-be David Burton, Viktoria Vozarova Blog article Power Renewable energy On July 27, 2022, Senators Manchin and Schumer released the text of the proposed Inflation Reduction Act of 2022 (IRA), which would extend and expand the tax credits associated with clean energy. Mon, 01 Aug 2022 16:59:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/capital-account-implications-for-renewable-energy-tax-credits-webinar-qa David Burton, Hilary Lefko Power Renewable energy Infrastructure Solar Wind Blog article Below are questions asked by the audience during our webinar of June 22 Capital Account Implications for Renewable Energy Tax Credits with our answers and explanations. Mon, 27 Jun 2022 16:33:40 Z https://pfnadmin.liberty-ai.net/tax-equity-news/webinar-capital-account-implications-for-renewable-energy-tax-credits David Burton, Hilary Lefko Power Renewable energy Infrastructure Solar Wind Blog article In this webinar, partners David Burton and Hilary Lefko discuss the current trends, as well as capital account and tax basis implications for renewable energy partnerships. Fri, 10 Jun 2022 16:46:56 Z https://pfnadmin.liberty-ai.net/tax-equity-news/soundbites-ii-from-solar-plus-wind-finance-and-investment-summit-2022 David Burton Power Renewable energy Infrastructure Solar Wind Blog article This is the second installment of soundbites from Infocast’s inaugural Solar + Wind Finance and Investment Summit. Tue, 03 May 2022 16:26:56 Z https://pfnadmin.liberty-ai.net/blog/solar-panel-import-duties-construction-and-procurement Sameer Ghaznavi, Luke Edney, Jesse Hollingsworth, Jeremy Tripp, Dylan Gera Power Renewable energy Infrastructure Solar Blog article The US Department of Commerce’s decision to investigate antidumping and duties on solar imports from Cambodia, Malaysia, Thailand and Vietnam has resulted in a slowdown in imports of panels to the US. Tue, 26 Apr 2022 13:47:46 Z https://pfnadmin.liberty-ai.net/tax-equity-news/soundbites-from-solar-plus-wind-finance-and-investment-summit-2022 David Burton Power Renewable energy Solar Wind Blog article The inaugural Solar + Wind Finance and Investment Summit was held in Scottsdale, AZ from March 6 to 9 and the conference was extremely well-attended. Thu, 14 Apr 2022 14:15:45 Z https://pfnadmin.liberty-ai.net/tax-equity-news/renewable-energy-finance-and-tax-trends-for-2022-qa-presentation-and-recording David Burton Power Renewable energy Infrastructure Solar Wind Blog article David Burton provides the answers to the questions submitted by audience members during the webinar. Tue, 01 Feb 2022 14:56:52 Z https://pfnadmin.liberty-ai.net/tax-equity-news/desert-sunlight-opinion-sheds-light-on-purchase-price-allocations-for-itc David Burton Renewable energy Power Infrastructure Blog article The Court of Federal Claims in its summary judgment opinion in the Desert Sunlight case clarified the application of the purchase price allocation rules to determine the investment tax credit (ITC). Wed, 05 Jan 2022 15:38:36 Z https://pfnadmin.liberty-ai.net/tax-equity-news/direct-pay-ain-t-all-it-s-cracked-up-to-be David Burton Power Renewable energy Blog article If the Democrats manage to end their in-fighting and pass the Build Back Better Act (BBB), it appears likely to include an option to elect cash in the form of a tax... Sun, 07 Nov 2021 21:31:42 Z https://pfnadmin.liberty-ai.net/tax-equity-news/taxation-of-proxy-revenue-swaps-for-renewable-energy-projects David Burton Power Renewable energy Solar Wind Blog article The proxy revenue swap (PRS) is a burgeoning financial product that supports renewable energy projects that sell electrical energy into the wholesale electricity markets. Wed, 13 Oct 2021 17:22:11 Z https://pfnadmin.liberty-ai.net/tax-equity-news/podcast-renewables-and-reconciliation-what-the-current-policy-debate-means-for-clean-energy David Burton Power Renewable energy Infrastructure Podcast episode Democrats in Congress are looking to pass a USD 1 trn bipartisan infrastructure bill and an even larger spending plan through reconciliation, and both bills could have a significant impact on the US energy sect Wed, 06 Oct 2021 12:28:15 Z https://pfnadmin.liberty-ai.net/blog/potential-game-changing-interconnection-and-transmission-developments-underway Caileen Gamache, Randi Rymut Blog article Power Infrastructure Renewable energy Oil and gas Solar Wind FERC is addressing transmission reform for the first time in roughly a decade, and Congress is helping to relieve legal congestion. Wed, 11 Aug 2021 14:35:35 Z https://pfnadmin.liberty-ai.net/tax-equity-news/irs-extension-is-partial-relief-of-solar-energy-projects David Burton Power Renewable energy Solar Wind Infrastructure Blog article David Burton discusses the partial relief provided by the IRS extension for renewable energy projects. Tue, 06 Jul 2021 19:18:49 Z https://pfnadmin.liberty-ai.net/tax-equity-news/itc-recapture-following-a-casualty-event David Burton Power Renewable energy Solar Blog article Solar and other renewable energy projects eligible for the investment tax credit rarely suffer causalities; however, cautious taxpayers seek to be prepared for the consequences of a potential project casualty. Wed, 09 Jun 2021 15:41:46 Z https://pfnadmin.liberty-ai.net/tax-equity-news/sponsors-may-claim-a-bonus-depreciation-from-buyouts-of-tax-equity-investors David Burton, Natalia Pierotti Blog article Power Renewable energy Solar Wind Here’s a typical fact pattern in a tax equity partnership in which the investment tax credit recapture period or the production tax credit availability period is over: A and B are unrelated parties that formed Thu, 11 Feb 2021 22:50:57 Z https://pfnadmin.liberty-ai.net/tax-equity-news/2020-a-switchback-year-for-tax-equity David Burton Power Renewable energy Wind Blog article The year 2020 started with the expectation that volume records would be set for tax equity. By late in the first quarter, the pandemic was in full swing, construction crews were sidelined and banks and law... Thu, 14 Jan 2021 14:24:43 Z https://pfnadmin.liberty-ai.net/blog/how-the-us-election-will-affect-renewables Keith Martin Power Renewable energy Infrastructure Solar Wind Oil and gas Blog article Keith Martin gave a market update on November 18 that is largely an analysis of how the US election results will affect the renewable energy market, but that also include other updates. The presentation was a Fri, 20 Nov 2020 19:23:04 Z https://pfnadmin.liberty-ai.net/tax-equity-news/bonus-depreciation-proposed-regulations-previously-owned-property-norton-rose-fulbright David Burton Renewable energy Blog article Thu, 16 Jul 2020 20:05:13 Z https://pfnadmin.liberty-ai.net/blog/landmark-federal-energy-storage-order-upheld Caileen Gamache, Deanne Barrow Power Renewable energy Infrastructure Blog article A landmark order passed by FERC in 2018 paving the way for energy storage deployment has been upheld in court. Wed, 15 Jul 2020 13:35:41 Z https://pfnadmin.liberty-ai.net/tax-equity-news/bonus-depreciation-proposed-regulations-floor-plan-financing David Burton Blog article Power Renewable energy Solar Wind David Burton discusses updated proposed regulations under section 168(k) and addresses their effect on dealerships with floor plan financing. Wed, 08 Jul 2020 15:11:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/bonus-depreciation-proposed-regulations-leasing-to-a-utility David Burton Power Renewable energy Solar Wind Blog article This update describes the effect of the updated proposed regulations on transactions related to property leased to regulated utilities. Wed, 24 Jun 2020 16:37:30 Z https://pfnadmin.liberty-ai.net/tax-equity-news/massachusetts-property-tax-risk-for-net-metered-solar-projects David Burton Renewable energy Solar Blog article Massachusetts provides a property tax exemption for wind and solar projects. A recent opinion by the Massachusetts Appellate Tax Board (ATB) demonstrates the complexity of that rule for projects with net meteri Fri, 05 Jun 2020 16:05:26 Z https://pfnadmin.liberty-ai.net/tax-equity-news/q-a-investment-tax-credits-and-storage-for-renewable-energy David Burton, Anne Levin-Nussbaum Blog article Renewable energy Infrastructure Solar Wind Energy storage is hot topic in the renewable energy industry. Our colleague, Caileen Gamache, hosted the Infocast webinar “Energy Storage Contracting: Key Commercial and Legal Issues in a Developing Market”... Tue, 26 May 2020 14:10:07 Z https://pfnadmin.liberty-ai.net/tax-equity-news/plr-allows-utilities-to-buy-power-from-their-own-tax-equity-partnership David Burton Renewable energy Solar Wind Blog article Analysis of IRS Private Letter Ruling 201946007 (Nov. 15, 2019) that allowed a utility to purchase electricity from its own tax equity partnership Mon, 13 Apr 2020 13:25:43 Z https://pfnadmin.liberty-ai.net/tax-equity-news/demystifying-capital-accounts-in-tax-equity-transactions-webinar-qa-norton-rose-fulbright David Burton Renewable energy Solar Wind Blog article Below is the Q&A based on the questions raised by the audience during our webinar Demystifying capital accounts in tax equity transactions. Here's the video recording of the webinar. I had the privilege of part Wed, 25 Mar 2020 14:16:24 Z https://pfnadmin.liberty-ai.net/tax-equity-news/demystifying-tax-capital-accounts-in-tax-equity-transactions-norton-rose-fulbright David Burton Wind Solar Infrastructure Renewable energy Power Blog article The webinar will provide the rules around the capital accounts and dive into numbers to give you a working knowledge you can apply to your job. Mon, 02 Mar 2020 20:49:32 Z https://pfnadmin.liberty-ai.net/tax-equity-news/distributed-generation-solar-101 David Burton Solar Renewable energy Blog article This presentation was given on January 29 at Northeastern University and was intended to provide the students with an overview of the distributed generation solar market in the United States. Thu, 30 Jan 2020 22:42:51 Z https://pfnadmin.liberty-ai.net/tax-equity-news/investing-in-us-solar-us-tax-aspects-for-japanese-investors David Burton Power Renewable energy Solar Wind Blog article David Burton gave a presentation at the Japan Institute for Overseas Investment on US tax fundamentals for Japanese investors investing in US solar projects. Thu, 08 Aug 2019 23:38:48 Z https://pfnadmin.liberty-ai.net/tax-equity-news/new-financial-products-for-project-financiers David Burton, Robert Eberhardt Blog article Renewable energy Solar Wind Here’s a link to a short presentation that Rob Eberhardt and David Burton prepared on six new financial products for project financiers. Mon, 10 Jun 2019 16:57:17 Z https://pfnadmin.liberty-ai.net/tax-equity-news/soundbites-from-novogradac-s-renewable-energy-conference David Burton Power Renewable energy Solar Wind Blog article Soundbites from Novogradac’s 2019 Financing Renewable Energy Tax Credits Spring Conference in San Francisco on May 23. The soundbites are from remarks made by panelists. Tue, 04 Jun 2019 21:06:23 Z https://pfnadmin.liberty-ai.net/tax-equity-news/soundbites-from-infocasts-solar-power-finance-summit David Burton Power Renewable energy Solar Wind Blog article Infocast’s Solar Power Finance & Investment Summit was held in San Diego on March 20 and 21.  Below are sound bites from the speakers and panelists. The sound bites are organized by topic... Tue, 28 May 2019 18:34:28 Z https://pfnadmin.liberty-ai.net/blog/cftc-subcommittee-to-report-on-libor-reform Lillian Forero Renewable energy Power Blog article This week, the Commodity Futures Trading Commission (“CFTC”) announced the members of the Interest Rate Benchmark Reform Subcommittee (“Benchmark Reform Subcommittee”)... Thu, 06 Dec 2018 15:28:03 Z https://pfnadmin.liberty-ai.net/blog/massachusetts-offshore-wind-lease-auction Power Renewable energy Wind Blog article The Bureau of Ocean Energy Management (“BOEM”) will be auctioning about 390,000 acres of offshore wind lease areas on December 13, 2018 off of the shore of Massachusetts... Tue, 27 Nov 2018 15:40:43 Z https://pfnadmin.liberty-ai.net/blog/tbt-the-challenges-facing-renewable-energy-developers-in-emerging-markets Renewable energy Blog article This post is part of an occasional series highlighting a project finance article or news item from the past. Thu, 08 Sep 2016 18:18:00 Z https://pfnadmin.liberty-ai.net/blog/how-to-satisfy-the-new-begun-construction-guidance-in-irs-notice-2016-31 Michael Masri Renewable energy Blog article New IRS guidance for developers of wind farms and other renewable energy projects that qualify for production tax credits modifies the safe harbor ... Thu, 19 May 2016 19:23:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/irs-rules-on-late-solar-inverted-lease-elections David Burton Blog article Renewable energy In two identical private letter rulings, LTR 201550024 and LTR 201550023, which were made public on December 11, the IRS granted a lessor in an inverted lease permission to make a late election to pass through Mon, 21 Mar 2016 20:35:17 Z https://pfnadmin.liberty-ai.net/blog/tbt-us-inbound-investment-strategies-for-renewable-energy Renewable energy Blog article This post is part of an occasional series highlighting a project finance article or news item from the past. It is often interesting and thought provoking to look back on these items with the perspective of mon Thu, 15 Oct 2015 14:10:00 Z https://pfnadmin.liberty-ai.net/tax-equity-news/tax-court-levels-taxpayers-weak-theories-in-rent-accrual-case David Burton Blog article Wind Solar Renewable energy The Tax Court’s recent decision in Stough v. Commissioner illustrates the traps for the unwary taxpayer in structuring commercial leases and the consequences of failing to review a tax return prepared by... Mon, 28 Sep 2015 19:28:34 Z https://pfnadmin.liberty-ai.net/tax-equity-news/hunting-unicorns-individuals-as-tax-equity-investors-norton-rose-fulbright David Burton Renewable energy Blog article As tax equity yields remain high and renewable energy is touted by the White House, the phone rings several times a month with the request to structure a fund that permits tax credits and... Fri, 17 Aug 2012 12:45:58 Z https://pfnadmin.liberty-ai.net/tax-equity-news/definitions-of-lease-term-for-federal-income-tax-purposes David Burton Power Renewable energy Infrastructure Solar Wind Blog article The U.S. Congress and Treasury Department have provided the leasing industry with five definitions of “lease term” for seven different federal income tax purposes. The resulting confusion rivals that associate Thu, 01 Dec 2005 00:00:00 Z