
Events
Tax Treatment of Energy Storage Facilities in New York State - Class Two
March 5
2020
2020
Webinars
March 5, 2020
4:00 - 5:00 PM
Event Sponsor: NY-BEST in Partnership with Hodgson Russ LLP
Speakers: William Turkovich and Joseph Rekrut, Hodgson Russ and Dr. William Acker, NY BEST
Overview:
Electric energy storage projects face key tax issues involving Investment Tax Credits (ITC). The webinar will address for combined solar + storage projects. Key issues to be addressed include status of IRS rulings, ITC eligibility, and understanding recapture risks.
- Overview of Storage Projects in NY
- Discussion of the types of projects and business models
- Investment Tax Credit
- Overview of the ITC and energy storage facility eligibility
- Rules on pairing and charging of storage
- Adding storage to existing projects
- Contract issues
- Recapture issues
- What's coming next
- Update on effort to get ITC for stand-alone storage
- Proposed legislation
For more information and to register click here.