Solar Energy Tax Credits: What to Know When Advising Your Clients (ACES)


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Discussion Leader
David A. March

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Solar Energy Tax Credits: What to Know When Advising Your Clients (ACES)

Customer Rating

Field of Study

Taxes

Level

Update

Credits

1

Qualifies For

CPE

Overview

Solar energy tax credits are generated from investments in solar energy projects, and they are well-suited for individuals and entities with significant taxes due on passive income. Due to their use with passive income, these investments are subject to complex tax rules that tax advisors should understand to advise clients properly.

High net worth clients depend on us, as tax advisors, to understand and explain how these investments work from both a tax and business perspective. This one-hour program features solar professionals as presenters who can prepare a tax advisor to communicate the essential elements and characteristics of an investment in a solar energy tax credit investment.

Major Topics

  • How investments in solar energy projects and solar investment funds produce investment tax credits and related non-cash losses/deductions that offset tax liabilities and income generated by passive sources
  • Understanding the traditional “partnership flip” structure: how investments in solar fund partnerships allocate tax credits and non-cash losses to limited partners, their typical structure, organization, and reporting requirements
  • Analysis of an example solar investment and expected returns
  • How to combine and allocate tax credits and non-cash losses from an investment in a Solar Tax Credit Fund

Learning Objectives

  • Know when an energy credit may be claimed
  • Understand section 48 credit
  • Generate returns from otherwise “lost money”
  • Best advise clients in regards to solar investments

Designed For

CPAs who want to better understand and explain how solar energy tax credit investments work from a tax and business perspective

Prerequisite

None

Advanced Preparation

None


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Discussion Leader
David A. March

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