Heather Cooper

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Heather Cooper works on federal income tax matters, with a focus on energy tax issues. She represents clients in restructurings, mergers and acquisitions, and other transactional energy related matters. Heather's national practice includes advising on all aspects of renewable energy transactions such as solar and wind projects. She provides advice on tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. Read Heather Cooper's full bio.

Key Takeaways | Tax Credit Bonuses for Low-Income and Coal, Oil and Gas Energy Communities


By and on Sep 16, 2022
Posted In Natural Gas, Project Development and Finance, Renewables, Tax

On September 13, McDermott Partners Heather Cooper and Philip Tingle provided a detailed overview of the bonus tax credits under the Inflation Reduction Act of 2022 for projects satisfying low-income thresholds or built-in energy communities with ties to coal, oil and natural gas, including the technical requirements for each bonus and how these new rules...

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Key Takeaways | A Deep Dive into Wage and Apprentice, Domestic Content, Transfer and Direct Pay


By and on Sep 2, 2022
Posted In Renewables, Tax, U.S. Congress

On August 31, McDermott Partners Heather Cooper and Philip Tingle provided a detailed review of the wage and apprentice, domestic content, transferability and direct provisions of the Inflation Reduction Act of 2022. They discussed the technical requirements for each of the new sections and offered insight into how these new rules will impact the deal...

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Key Takeaways | Renewables Tax Takeaways from the Manchin-Schumer Deal on Taxes, Climate and Energy


By and on Aug 2, 2022
Posted In Renewables, Tax, Uncategorized

On August 1, McDermott Partners Philip Tingle and Heather Cooper hosted a webinar to address the climate bill, dubbed the Inflation Reduction Act of 2022, which unexpectedly came back on the table on July 27. Click here for a summary of the bill. Below are key takeaways from the presentation: Last week’s surprise Congressional bill incorporates many of the same...

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Key Takeaways | Legislative Update on Renewable Energy Tax Incentives


By and on Nov 18, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

On November 17, McDermott Partners Philip Tingle and Heather Cooper were joined by Bill Parsons, COO of the American Council on Renewable Energy (ACORE), for a discussion on recent legislative activity regarding renewable energy tax incentives and how it will affect current tax credits as well as those in the center of the renewables space....

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IRS Provides Relief on Begin Construction Continuity Requirements


By and on Jun 30, 2021
Posted In FERC, Project Development and Finance, Renewables, Tax

Yesterday, the Internal Revenue Service (IRS) issued Notice 2021-41 (the Notice), providing relief for continuity requirements for the investment tax credit (ITC) under Section 48 and the production tax credit (PTC) under Section 45. The applicable tax rate for the ITC and PTC is based on the year a project “begins construction.” Under existing IRS...

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Key Takeaways | The Energy Market in 2021: Legislative Update on Renewable Energy Tax Incentive


By and on May 20, 2021
Posted In Renewables, Tax

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including discussions of what’s to come. Our latest webinar featured McDermott partners Philip Tingle and Heather Cooper and Carol Wuerffel, Senior Director,...

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Why 2030 is the New 2050 after the Leaders Climate Summit and What President Biden’s Accelerated Transition to a Sustainable Economy Means for Renewables Developers, Investors and Corporates


By , , , , and on Apr 28, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

2030 is the new 2050 as US President Joe Biden has officially set a new goal for fighting climate change over the next decade in the United States. At the Leaders Climate Summit (the Summit) on Earth Day, he announced that America would aim to cut its greenhouse gas emissions at least 50% below its...

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Senate Democrats Propose Overhaul of Clean Energy Incentives


By , , , , and on Apr 23, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

US Senate Finance Committee Chairman Ron Wyden (D-OR) introduced the Clean Energy for America Act (the Act), along with two dozen Democratic co-sponsors, on April 21, 2021. The Act will likely be a starting point for the Biden administration tax proposals intended to limit carbon emissions. The Act would change the current system for incentives...

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The Energy Market in 2021: From Crisis to Opportunity | Tax Credit for Carbon Capture Products


By and on Apr 1, 2021
Posted In Environmental, Project Development and Finance, Tax

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including discussions of what’s to come. Our latest webinar featured FTI Consulting’s Ken Ditzel, Senior Managing Director and Fengrong Li, Managing Director,...

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US Senate Committee Introduces Clean Vehicle Charging Legislation


By , , and on Mar 29, 2021
Posted In Environmental, Power Markets, Project Development and Finance, Renewables, Tax, U.S. Congress

Earlier this week, a group of cross-party US senators introduced the Securing America’s Clean Fuels Infrastructure Act (the Act) to promote investments in clean vehicle infrastructure. The types of infrastructure supported by the legislation include electric vehicle charging stations and hydrogen refueling stations for fuel cell vehicles. The Act would enlarge the benefits of the...

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