Webinar
Funding the future: Direct pay opportunities for municipalities and prevailing wage and apprenticeship compliance
Federal energy incentives via the Inflation Reduction Act (IRA) have created funding opportunities for municipalities investing in infrastructure, energy, and sustainability projects. Through the direct pay provisions, eligible tax-exempt entities, including cities, counties, and townships, may receive direct cash payments from the IRS for qualifying clean energy investments, helping to offset project costs and improve overall project feasibility.
Join Baker Tilly and LCP Tracker for a webinar on direct pay opportunities for municipal leaders, finance, and public works professionals. Our specialists will provide a tax credit program overview, review projects that may qualify for federal energy tax incentives, and discuss legislative and regulatory developments affecting planning, timing, and eligibility.
The session will also explore the critical role of prevailing wage and apprenticeship (PW&A) requirements under the IRA and their impact on available incentives. Attendees will gain practical guidance on compliance, documentation, and challenges, along with strategies to maximize and protect available tax credits.
Vanessa has practiced public accounting since 2010, specifically with federal and state tax credits and incentives. Vanessa has significant experience helping companies identify, document, support, and defend claims related to federal and state tax credits, helping qualified small businesses with credits to offset employer payroll taxes, as well as other federal credits and incentives from the CARES Act and the Inflation Reduction Act.
Vanessa provides services to clients in a wide range of industries, including energy, aerospace and defense, manufacturing, technology, and software development. She joined the firm after several years at a Big Four accounting firm.
Doug Baldessari is a principal with Baker Tilly Municipal Advisors, LLC. Doug has more than 25 years of experience with financial studies and municipal advisory services for utility projects. These projects often involve bond financing, financial analysis and determining utility revenue requirements, cost-of-service studies, financial planning associated with capital acquisition. Doug also has significant experience with federal incentive programs such as the IRA tax credits where he assists public sector and not-for-profit entities with planning for and attaining enhanced incentives for clean energy projects. Doug serves as the public practice clean energy incentives lead for Baker Tilly.
After this session, participants will be able to:
- Understand direct pay funding opportunities for municipalities and tax-exempt entities
- Identify energy and infrastructure projects eligible for federal tax credits
- Evaluate legislative and regulatory developments affecting municipal projects
- Assess how PW&A requirements impact credit eligibility and value
- Apply compliance, documentation and risk mitigation best practices
- Position projects for successful funding outcomes
- Organizations: Cities, towns, counties, special districts, nonprofit organizations, colleges and universities, K–12 school districts, and other municipalities
- Municipal leaders: Mayors, controllers, finance directors, council members, facilities managers, utility directors, among others
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The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.