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Technology Neutral Credits – When Will the ITC and PTC Disappear and What Happens Then?
For projects that are placed in service after 2024, the Inflation Reduction Act (IRA) replaces the traditional ITC and PTC regime with a new “technology neutral” tax credit that would allow power producers to qualify for either a production tax credit or an investment tax credit for any facility with zero or net-negative carbon emissions. The tax credit applies to facilities placed in service after 2024 and phases down after the later of 2032 or the year certain emissions thresholds are achieved.

During this session, McDermott Partners Heather Cooper and Joel Hugenberger will be joined by Jay Chang at CCA Group to discuss how this technology-neutral credit will work and how it may affect the industry.

Discussion topics will include:
• What are the differences between the PTC/ITC structure and the technology-neutral tax credit regime? What facilities will qualify for the technology-neutral tax credits? When will the new credit regime apply and how long will it apply?
• How will this structure affect tax equity and financing transactions and when will it start to affect these transactions?
• How will the change to the technology-neutral tax credits affect the “continuity safe harbor” analysis?
• When and how will the technology-neutral tax credits phase out?

Oct 5, 2022 12:30 PM in Eastern Time (US and Canada)

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