Presented by: Micah Sussman - VP of Development, Fellowship Energy.
Register below for the 1st installment of the Energy Systems Engineering Spring 2023 Seminar Series: The Janak Raj Lectures. This is the first seminar of the Spring Semester ESE Seminar Series!
DATE: MONDAY, January 23, 2023
TIME: 12:00 PM - 1:30 PM Eastern Time
LOCATION - Zoom MEETING link to be sent prior to the seminar date
CONTACT US:
inesei@lehigh.edu Abstract:
Renewable
energy
development received an incredible boon with the passage of the Inflation
Reduction Act (IRA). The IRA revitalized the tax credits that have been the
backbone of renewable energy development for years, as well as created new tax
credits for storage technology and clean fuels.
Moreover, the IRA created adders to
the tax credits that incentivize development in regions of the country that
were previously difficult to develop. Finally, the IRA provided direct payment
and transferability provisions that open ownership to entities that
traditionally could not access it immediately. As with any major change in law,
the most efficient ways to finance renewable energy projects is shifting as
well. While traditional third-party ownership mechanisms will still be used,
new financing mechanisms are available that reduce the need for large banks to
receive the majority of the tax benefits associated with these systems.
-----------------------------------------------------------------------------------
You acknowledge that by attending the ESE Energy Seminar Series, you will abide by the rules as detailed:
- Unless specifically requested by the speaker, all questions will be deferred to the end of the talk.
- The Director or a designee will moderate the post-talk discussion, (questions and comments should be relevant to subject in discussion).
- Students will be given first preference in the Q&A session.
Please write to
ras816@lehigh.edu if you have further questions.
