Your energy transition

The IRA makes several clean energy tax incentives available to taxpayers that can satisfy certain prevailing wage and apprenticeship requirements.

Discover the untapped potential of your clean energy tax incentives with our holistic prevailing wage and apprenticeship (PWA) services. Complying with PWA requirements drives the difference between a 30% and 6% credit - is your company capitalizing on the increased credit opportunity?

Our specialists can provide in-depth education on the rules, establish highly effective compliance programs, and leverage cutting-edge technology to streamline the entire process.

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Contact Randa Barsoum

Contact Marc Caillouet

Contact Shawn Mercer

We advise companies on how to enhance the value of their capital investments and deliver on the capital investment commitments on time and on budget.

Energy transition requires large capital investments, competing with other capital investment needs.  Understanding your physical assets and selecting the right investments is critical.  Delivering those investments on time and on budget to allow for continued investment is also critical to the energy transition.

Our team assists with energy transitions in the following ways;

• Give clients the framework and tools to help select the right capital investments that support energy transition goals and their overall strategy.
• Build or bring the right capabilities to help deliver capital investments on time and on budget to enhance stakeholder confidence that capital investments can add long term value and support the transition
• Drive efficiency into client capital project delivery to enable more to be delivered with the same team

Contact Daryl Walcroft

Contact Ralph Roam

Contact Matt Cardamone

We advise clients on financial accounting and reporting matters arising from energy transition projects. From deal ideation through closure and beyond, our veteran team of US GAAP and IFRS specialists stands ready to provide experience-driven advice and assistance. Common areas of financial reporting complexity include:

• Emerging infrastructure. Energy generation and storage is changing at a rapid pace, driven by developments in technology, customer behavior, construction and feedstock prices, and stimulus. Our team works closely with emerging business structures involving green, blue and grey hydrogen, carbon capture and sequestration, utility-scale battery storage, carbon credit generation and trading, solar and wind generation, energy savings arrangements, and many more.

• Contract Accounting. We work closely with project owners during the contracting process for commodity supply and offtake arrangements, to advise on expected financial reporting treatment including embedded lease, derivative, revenue, and consolidation issues.

• Project Finance & Credit Monetization. Renewable projects are increasingly financed through joint venture arrangements, preferred equity, tax equity, sales of future revenues, and a wide range of loan arrangements. These instruments can be challenging to navigate from an accounting and reporting standpoint, and sponsors often face challenges meeting their reporting commitments to investors. Our team is well versed in project finance structures for renewable infrastructure and can help navigate these complexities. 

• Securitizations. Securitization structures are frequently used to monetize cashflows from retail customers. These arrangements can result in debt recognition for financial reporting purposes unless carefully structured to meet derecognition criteria. We assist clients in their development of securitization vehicles and related accounting considerations.

• Investment Accounting. Investors in renewable projects have unique accounting considerations that are not symmetrical to issuer accounting. We advise tax equity investors, preferred stock holders, joint venture investors, and lenders on their accounting and reporting for renewable energy investments.

• Acquisitions & Divestitures. Our deals team has advised on hundreds of energy project deals, from publicly listed companies to private transactions. We can assist throughout the deal lifecycle, from deal structure to preparing pro formas, GAAP to IFRS conversion, acquisition method application, and post-deal integration.

Contact James Osborne

We assist clients with the design and development of financial models (scenario-based deal models through to tracking and reporting), and the review of existing models.

Modeling is critical both for assessing a project's financial viability and for investors diligence for potential investments.

We can model various scenarios for a variety of different deal types. Whether it's traditional tax equity modeling tracking depreciation, tax credit generation, HLBV accounting to determine IRR or a comparison of different tax credit monetization strategies, we can confirm you are using the effective and investor friendly model templates using Excel leading practices.

Contact Aashish Rajguru

Contact Ryan Nicholas

We advise on aspects of deals tax related to the IRA.  We assist clients with tax equity structuring, such as flip structures, inverted lease, and sale leasebacks.  We assist clients with the evaluation of tax credit purchases and the diligence of those credits once a seller has been selected.  We also assist with the structuring and/or diligence of developers from inception to project completion/monetization.

Energy transition deals have unique and critical diligence asks to help confirm increased benefits and ROI. It's imperative to have the right team to advise on critical requirements.

Our team can help with a variety of diligence and structuring exercises including ensuring funds are structured to leverage tax incentives and vetting tax credits purchased via transferability.

Contact Tom Hylton

Contact Colin Zelmer

Contact Darin Siders

Contact Sam Blossom

Contact Jason Becker

We assist clients with tax valuations related to Investment Tax Credits and tax basis step-up, repower valuations related to Production Tax Credits, and provide subject matter assistance regarding developer margins related to renewable and clean energy transactions. We assist with post-deal purchase price allocations for financial reporting and tax purposes.

Valuations are a key component of tax credit deals and critical for substantiating tax benefits and step ups. Hiring the right provider is important for navigating diligence and regulatory conversations. 

 
Allocating the value from your deal effectively to the assets acquired and liabilities assumed is critical to your accounting and tax basis.

We can perform valuations to assist in your tax credit support, 80/20 analyses, financial reporting, and tax purposes.

Contact Jeremy Fago

Contact Kenyon Willhoit

Over the last few years, companies have set Net Zero goals that aim to reduce their carbon emissions, yet today are wrestling with how to actually achieve those goals.

To get there, leaders should look at their entire business and find where they can embed sustainability throughout their operations (not as a standalone) and decarbonize factories and supply chains to lower costs and be more energy efficient.

Contact Ron Kinghorn

Contact Reid Morrison

Contact David Linich

We provide holistic energy services including portfolio energy efficiency, onsite renewables, and energy procurement to support decarbonization and operational cost reduction efforts by real estate investors, and landlords.

Modeling the energy requirements across a real estate portfolio is critical to develop a financially viable energy transition strategy. The financial performance of energy-related investment is tied to the project location, energy costs, tax incentives available through IRA, utility programs, physical site constraints, operational limitations, etc.

Our team helps clients with identifying energy efficiency and cost reduction opportunities, modeling solar and storage installations across sites by factoring utility net-metering programs, tax incentives, etc., and developing energy procurement strategies to help hedge exposure to volatility in energy markets.

Contact Randy Hoff

Contact Ram Khamma

Contact Joe Carpenter

We advise companies to qualify, quantify, document, claim and sustain Inflation Reduction Act (IRA) tax credits and incentives.

We provide services critical to the identification, documentation, and monetization of credits. Many of these services require diligence items for potential energy transition investors. We can help throughout the lifecycle of an energy transition project.

 
Are you assessing a potential renewable energy investment? We can help identify tax credit and other incentive opportunities which can meaningfully impact the ROI of your investment.

 
Have you invested in an energy transition project? We can perform credit eligibility analysis and cost segregation studies to confirm you are utilizing benefits and offering the necessary diligence items to investors.

 
Are you investing in or constructing an energy transition project? We can help you assess your prevailing wage and apprenticeship data to confirm you don't lose out on your 5x tax credit benefit.

Contact Randa Barsoum

Contact Wendy Punches

We support companies through the financial assistance associated with federal funding mechanisms under the Infrastructure Invesment and Jobs Act (IIJA), Inflation Reduction Act (IRA) and CHIPS and Science Act.

The Infrastructure Investment and Jobs Act and Inflation Reduction Act introduced new grant based incentives for energy transition projects. Navigating application to these funds can be complicated and a meaningful differentiator for your project.

Our team can help you identify grant opportunities, navigate the grant application process and provide insight into the competitiveness of your specific project as well and assist with negotiation and develop and implement the required compliance infrastructure and controls associated with federal awards.

Contact Philip Koos

Contact John May

Our team uses experience and location intelligence to identify well-suited US markets and sites, tailored to your strategy, needs, and specifications, further assisting owners and users of CRE to identify utilities savings.

Many tax incentives and operational considerations for energy transition projects are jurisdiction based. Whether it's identifying opportunities for census tract-based tax incentives or determining solar energy production - jurisdiction matters.

We can help you identify the jurisdiction or even specific census tract that makes sense for developing and constructing your project.

Contact Erika Ryback

Contact Joe Carpenter

Contact Randy Hoff

Contact Ram Khamma

Energy transition deals use unique partnership structures which require skillful analysis. We assist clients with modeling complex tax equity arrangements to reflect the economics of the parties involved in the transaction, including the impacts of tax credit sales on project economics. Our models cover the entire lifecycle of the project from start to finish.

Our team can help structure tax compliant transactions that are aligned with your economic goals and can help analyze the tax risks attendant in existing transactions.

We also assist clients with reviews of existing tax equity models to confirm thorough tax compliance reporting on existing transactions.

Contact Robert Honigman

Contact Will Byrd

Contact Gretchen Van Brackle

We assist clients through the negotiation process with state and local jurisdictions to secure tax credits and incentives, to help increase ROI.

While federal tax incentives are widely publicized, state and local tax incentives can help supercharge the ROI on your investment. Our team can help you navigate the maze of different state incentives and determine where project development may increase benefits.

We can either help you identify incentives you may not already be taking advantage of in current project jurisdictions or perform studies to help you to determine where to build a new project.

Contact John H. Flock

Contact Mike Trudeau

We provide holistic tax compliance services to a wide range of investors and developers in the renewables industry.

Tax reporting and compliance is a critical component to maintaining energy transition tax benefits. The IRS has continued to increase demands around information transparency, including what is provided to substantiate energy transition tax credits.

We provide holistic tax compliance services to a wide range of investors and developers in the renewables industry. Tax reporting and compliance is a critical part of maintaining energy transition tax benefits. The IRS has continued to increase demands around information transparency, including what is provided to substantiate energy transition tax credits. Our team is uniquely suited to helping you navigate these IRS reporting requirements due to our deep industry experience and ability to operate at scale. Our team can help you with tax compliance and reporting services ranging from federal and state tax compliance to property tax compliance and beyond.

Contact Rob Rusch

Contact Tom Hylton