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News & Events


Kimmelfield and Williams to Speak at Financing Renewable Energy Conference (D.C.)

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Lane Powell Shareholders Neil Kimmelfield and Karen Williams will speak at Novogradac & Company’s Financing Renewable Energy Conference, taking place from November 12 to 14, 2008, in Washington, D.C.

The conference will provide presentations and discussions on topics that focus primarily on the IRC Section 45 tax credit (PTC) and the IRC Section 48 investment tax credit (ITC). Topics to be discussed include current trends in solar and wind transactions, including residential solar programs, and private equity and venture capital investments in renewable energy companies. Panelists will also address the current state of the debt and equity markets, their effect on renewable energy investment and production and what’s working for developers, lenders and investors.

Kimmelfield will present, “Rebates, RETCs, State Tax Credits & More,” at 3 p.m. on November 13. Production tax credits, investment tax credits, electricity revenue and tax savings from depreciation deductions are often not enough to make renewable energy projects financially feasible in the current market. Individual states and municipalities recognize this fact and have stepped up with creative ways to incentivize and subsidize solar, wind and other renewable projects. This panel discussion will focus on, among other topics, which states are doing what and which have the most attractive programs. Also under examination will be rebates, state tax credits and other programs offered at the state, local and utility level, the role of renewable energy certificates and the status of the market for RECs.

Williams will present, “Biomass – No Respect as a Renewable Energy Source?” at 8 a.m. on November 13. To many, the renewable energy programs that seem to get the most copy are wind and solar power. Production tax credits under Section 45 of the Internal Revenue Code also apply renewable energy produced from open and closed loop biomass. While wind power is the most talked about renewable energy source financed by the production tax credit, biomass (plant material and animal waste) supplies almost 15 times as much energy in the United States as wind and solar power combined — and has the potential to supply much more. Come hear the experts on this panel explain the ins and outs of today’s biomass transactions.