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Tax Treatment of Energy Storage Facilities in New York State - Class Two

March 5
March 5, 2020
4:00 - 5:00 PM

Speakers: William Turkovich and Joseph Rekrut, Hodgson Russ and Dr. William Acker, NY BEST


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.