In this pv magazine Webinar, we will discuss with Paul Wormser of CEA and Elias Hinckley of K&L Gates the IRS’ Safe Harbor Provision for Solar Energy Projects and how to take advantage of it.
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Presentation of Elias Hinckly | K&L GatesPresentation of Paul Wormser | Clean Energy Associates
Is your company capturing the 2020 safe harbor?
Now is the time to make sure your current or potential solar project can capture the current 26% solar investment tax credit (ITC). Unless Congress and the administration intercede, the solar ITC will step down to 22% on January 1, 2021, potentially adding millions of dollars in expenses that would otherwise be nonexistent. If you’re going to build a $100,000,000 project and bring it online before the end of 2023, capturing the 2020 safe harbor brings $4 million to your bottom line.
In this pv magazine Webinar, we will discuss with Paul Wormser of CEA and Elias Hinckley of K&L Gates the IRS’ Safe Harbor Provision for Solar Energy Projects and how to take advantage of it. The presenters will also cover the “5% rule” and how minimal upfront investment can qualify a project for the full 26% ITC and maximize savings. In addition, the presentation will provide comprehensive coverage of both the Continuous Construction clause and Independent Safe Harbor Verification, two other critical aspects of ensuring your project qualifies for the full 2020 ITC.
pv magazine Webinar content
- Outlining how qualifying for safe harbor is complex, time-sensitive, and potentially lucrative if properly claimed
- Understanding the different ways to qualify for safe harbor
- How to ensure that your qualification meets the verifications standards of the IRS
- Q&A
Questions can be submitted beforehand or during the webinar through a chat window. Tim Sylvia from pv magazine USA will be the moderator of this webinar.
Registration for this pv magazine Webinar is free of charge.
Speakers
Paul Wormser, VP Technology, Clean Energy Associates
Paul has 40+ years of solar industry experience, with management roles in solar technology and business development for the world’s largest solar companies, including SunEdison, First Solar, Sharp, Konarka, Mobil Solar, and Exxon Solar. He served as Senior Director of Marketing for Solar Materials at SunEdison, managing the supply of modules and trackers for SunEdison’s projects, and worked for First Solar as Vice President of Worldwide Applications, managing new platform development.
Elias Hinckly, Partner, K&L Gates
Elias Hinckley is a partner at K&L Gates, where he helps renewable energy companies, private equity, hedge funds, utilities, and other investors navigate the changing energy landscape and structure investments in clean energy and other sustainable assets. Previously, he was the leader of the alternative energy practice for Deloitte, and the co-leader of Deloitte’s global sustainability practice. He is an adjunct professor, teaching global energy markets at Georgetown University.
Moderators
Tim Sylvia | Editor, pv magazine USA
Tim Sylvia is an associate editor at pv magazine USA. A graduate of Hood College, Tim has been with pv magazine since May 2018. Tim covers project development, legal issues and renewable energy legislation, as well as contributing to the daily Morning Brief.
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