Events
USET/ DOE Webinar on Clean Energy Tax Credits and Financing
March 7 @ 1:00 pm - 2:30 pm CST
March 7 at 2:00 pm – 3:30 pm Eastern
Register
You are cordially invited to join the USET Tribal Infrastructure Development Program in partnership with the U.S. Department of Energy (DOE) Loan Programs Office Tribal Energy Finance Program for an informational webinar on renewable energy tax credits available to Tribal Nations and our enterprises under recently-enacted infrastructure laws and how these and DOE loan guarantees can be combined to finance energy projects in Indian Country.
Guest Speakers:
- Claire Newfeld, Associate, Hobbs Straus Dean & Walker
- David Sickey, Tribal Energy Finance Program, DOE
- Lisa Garcia, Tribal Energy Finance Program, DOE
Under the Inflation Reduction Act (IRA), a new provision called elective payment allows certain tax credits as payments from the Internal Revenue Service (IRS) to Tribal governments and other tax-exempt entities to help fund new renewable energy infrastructure and reduce costs. The newly accessible tax credits include the major/green energy production tax credit, investment tax credits, as well as credit for qualified clean commercial vehicles, credit for alternative fuel vehicle refueling property, and credit for carbon oxide sequestration.
In addition to tax credits, the IRA increased loan authority under the Tribal Energy Financing Program at DOE to $20 billion. The Tribal Energy Financing Program supports Tribal investment in energy-related projects by providing loan guarantees to federally recognized Tribal Nations or a Tribal Energy Development Organization that is wholly or substantially owned by a federally recognized Tribal Nation.
Learn more about how Tribal Nations can access these tax credits, loans, and other benefits under newly-enacted infrastructure laws by visiting the USET Tribal Infrastructure Development webpage.