In this video, Dorian Hunt, Leo Berwick’s Renewables Leader, is joined by energy valuation experts Marty Schmidt and Rick Ellsworth to discuss the topic of step-ups as they relate to investment tax credit (ITC) properties. They explore the importance of determining the fair market value of assets, particularly in renewable energy projects like solar installations, for the sake of defending ITCs. Marty and Rick share their insights into the valuation principles and methods involved in establishing the cost basis for these assets, offering a deeper understanding of how businesses can benefit from energy transition tax incentives.
