Diverse accounting for energy tax credits
An in-depth look at the accounting for investment tax credits and investments in tax credit structures.
The KPMG National Renewable Energy Group is a team of individuals with experience providing tax services to developers of renewable energy projects, tax equity investors, and operators of renewable energy projects. We are an integrated group of professionals with a broad range of industry experience who can help you grapple with the changing regulatory and competitive environment, complex risk, technology, and compliance issues.
Our professionals can advise you on the broad range of tax issues facing all participants in the industry—from the tax implications of costs incurred before development to the sale of existing projects, eligibility for credits and incentives, and complex tax and financial reporting implications of ongoing projects. And the group's integrated approach means that you can access the breadth of this experience from a single point of contact.
Among the services offered by the group are:
- Qualification of federal and state incentives, including energy credits
- Preparation and review of tax equity models and structuring and negotiating transactions, tracking ongoing internal rate of return calculations, and hypothetical liquidation at book value analysis
- Consultation and negotiation relating to sales and use tax and property tax exemptions and refund opportunities
- Tax compliance, including outsourcing and cosourcing the tax function
- Cost segregation studies
- Valuation studies of renewable energy assets
- Advice on all types of transactions—from initiation transactions to sales of projects and everything in between
- Eligibility and calculation of research and development credits
- Consulting services for improving the impact on environmental, social, and goverance (ESG) initiatives.
