RENEWABLE ENERGY

The renewable energy sector is a complicated and growing business with its own unique financial, tax and audit issues.

Our renewable energy practice, led by John Bauer and Jay Rasmus, includes seasoned professionals with proven industry expertise. Our team will guide you through the financial and tax aspects of your projects from formation and financing through development, construction and operations.

We provide all basic financial reporting services including audit, review and compilation reports along with traditional tax compliance services. In addition, we provide a full outsource of the accounting and reporting function in connection with your project structure.

Areas of Focus:

Project Finance

We review project models for GAAP (accounting principles generally accepted in the United States) and tax law compliance and presentation.

  • Develop accurate cost to complete models
  • Develop and maintain periodic draw package and related support (construction draws as well as operating period draws) in compliance with loan provisions
  • Develop monthly loan compliance documents used to monitor covenant and major loan provision compliance
  • Liaison with key bank and independent engineer personnel
  • Review key finance document provisions as they relate to financial and tax reporting matters
  • Structure loan compliance and maintenance in an efficient and effective manner based on the capabilities or limitations of the company’s accounting system and personnel

Project Accounting

We develop and maintain periodic reporting packages in connection with operating assets, including review of loan documents to determine information required. We also liaison with all necessary company departments including accounting, asset management and operations.

  • Correspond and present to banks, independent engineers and project owners
  • Develop and maintain revenue and expense reporting
  • Develop and maintenance of project operating budgets
  • Establish and document key accounting, finance, information technology and operational controls
  • Implement accounting and reporting system

Audit, Tax and Specialized Accounting Services

MahoneySabol has extensive experience with securities registration statements as well as periodic reporting under the rules of the SEC.

  • Liaison with national accounting firms in connection with annual audit
  • Offer extensive knowledge of specialized industry transactions including flip and inverted lease structures, tax equity financing, renewable energy credits, project capitalization, hedge valuations and asset retirement obligations
  • Outsource accounting department and controllership services
  • Perform HLBV modeling
  • Provide cost segregation and valuation services
  • Provide guidance on Investment Tax Credit (ITC) and Production Tax Credit (PTC)
  • Review and document hedge transactions including energy and interest rate swap agreements

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