Renewable Energy Tax Credits After the Inflation Reduction Act

Megan Jones | Pillsbury Winthrop Shaw Pittman LLP

Megan L. Jones is a tax attorney who focuses her practice on advising entities, family offices and individuals on planning matters, both domestically and internationally.

Megan’s experience includes handling a broad range of complex U.S. and international tax issues, with an emphasis on entities, family offices and individuals. Her work spans both income and estate tax planning work. Having a corporate background, she assists clients in domestic, international and multijurisdictional tax and corporate planning relating to startup company and entity formation, investment entity structuring, and the acquisition, disposition and restructuring of businesses, corporations and partnerships.

Megan has extensive experience advising on crypto assets, blockchain technology, NFTs, energy credits and related tax issues. With such expertise in the technology and energy industries, she advises both entrepreneurs and companies on a variety of matters. More recently, she has been assisting clients aiming to take advantage of energy projects under the Inflation Reduction Act of 2022. For startup entities, her experience extends from the startup phase, through a recognition event, and then as a public company. Previously an investment banker working on mergers and acquisitions and public and private securities offerings, Megan brings a rounded perspective to sophisticated client issues.

Megan is an adjunct professor at the USC Gould School of Law, teaching International Business Transactions. She is also very active in the legal community, holding positions on the USC Tax Institute Planning Committee and at CalCPAs, both locally and at a state level. Additionally, she is co-leader of Pillsbury’s Women Impact Network (WIN) initiative, which is focused on the advancement of women in law.

Don Lonczak | Pillsbury Winthrop Shaw Pittman LLP

In addition to his lengthy legal career, Don Lonczak also has practiced as a certified public accountant, which gives him added insight into the tax accounting and reporting challenges faced by clients.

As a partner in Pillsbury’s Tax Team for Business & Financial Transactions, Don Lonczak has over 30 years of transactional tax experience involving planning for commercial transactions ranging from mergers and other acquisitions, joint ventures, spin-offs, debt restructurings, public and private financings and derivatives. He has maintained a heavy focus on the energy industry over many years, and regularly advises on the qualification requirements for federal tax credits and similar incentives for clean energy projects. More recently, he has been assisting clients seeking to take advantage of the new tax credits available for such projects under the Inflation Reduction Act of 2022, such as the investment tax credit for qualified biogas property, the clean fuel production credit and the clean hydrogen production credit. He also has significant experience in the monetization of energy-related investments, including through tax equity financings and the possibilities to now receive direct governmental payments in respect of tax credits, or to transfer such credits by way of cash sales.

I. Understanding renewable energy credits under the tax code, IRA and related regulations | 2:00pm – 3:00pm

Break | 3:00pm – 3:10pm

II. Specific requirements to be eligible for energy credits | 3:10pm – 3:40pm

III. Transferability of energy credits under the IRA | 3:40pm – 4:10pm