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LUNCH n LEARN

Our monthly Lunch & Learn program takes place on the second Tuesday of each month, from 11:30 am to 12:30 pm EST.

If you are interested in presenting a topic, please contact us at nygeoinfo@ny-geo.org

Taking a Summer Break and avoiding the Tuesday after Labor Day.  Join us for our next LnL in September.

September 15

Transferable Geothermal Tax Credits
What Buyers Expect Before they Write the Check

NY-GEO Members Walker Blue  have put together an exceptional panel for our September Program.  REGISTER HERE

Since Section 6418 opened the door to credit transfers, geothermal project owners have been able to sell their Investment Tax Credits to third-party buyers rather than absorb them over years of tax liability. A market has formed around those transactions, and it has matured fast. Buyers and their advisors now run diligence that looks less like a tax review and more like an underwriting file: engineering substantiation, prevailing wage and apprenticeship records, domestic content documentation, tax opinions, and insurance all get examined before anyone commits capital.

This panel walks through a credit transfer from the perspectives of the three disciplines that sit at the center of it.

  • Walker Blue covers the engineering substantiation and compliance documentation that supports credit value.
  • Mickelson & Company brings the buyer and transaction view: what purchasers and their counsel need to see before they write the check.
  • Brown & Brown explains how tax credit insurance fits into the transaction and the broader risk management picture.

The goal is practical: help project owners understand what a prepared seller looks like, so their transaction closes faster and at better pricing.

Topics the panel will cover:

  • How the transferable tax credit market has evolved and where geothermal fits today
  • What buyers look for during due diligence, and the gaps that stall deals
  • Why engineering substantiation carries more weight with buyers than it used to
  • The role of more-likely-than-not tax opinions in a transfer
  • Prevailing wage and apprenticeship documentation buyers expect to see
  • Domestic content documentation and how it affects credit value
  • Where tax credit insurance fits in the transaction and in overall risk management

Panelists:

David Diaz  |  Chief Strategy Officer, Walker Blue - Moderator

David Diaz is Chief Strategy Officer of Walker Blue, a national energy engineering and tax incentive firm formed in 2025 through the merger of Walker Reid Strategies and Blue Energy Group. He was previously Managing Partner of Walker Reid Strategies, the firm he led for more than a decade as it grew into a national Section 179D and energy tax certification practice. At Walker Blue, he oversees strategy across the firm’s Investment Tax Credit, prevailing wage and apprenticeship compliance, domestic content certification, and Section 179D services. He is a frequent speaker on energy tax incentives, including at AICPA conferences. On this panel, David covers the engineering substantiation and compliance documentation that buyers scrutinize in geothermal credit transfers.

John Kapral |Senior Director, Renewable Energy Tax Incentives & Credits, Walker Blue LLC - Speaker

John Kapral supports clients navigating federal clean energy incentives, including Investment Tax Credits, compliance requirements, documentation, and credit monetization strategies. He brings more than 20 years of experience in specialty tax credits and incentives, with deep expertise in renewable energy tax credit advisory.

Faith Larson  |  Vice President of Renewables and Legal Counsel, Mickelson & Company - Speaker

Faith Larson leads the renewable energy tax credit program at Mickelson & Company, a tax-motivated capital advisory firm headquartered in Sioux Falls, South Dakota that advises on tax credit transactions across the renewable energy, rural development, and railroad sectors. An attorney licensed in South Dakota, she joined the firm in 2023 after executive roles as Vice President of Corporate Development, Real Estate, and Procurement at C.H. Robinson and as CFO of GrainBridge. She holds a finance degree and an MBA from the University of Nebraska and a JD from Thomas Jefferson School of Law. On this panel, Faith brings the buyer and transaction perspective: what credit purchasers and their counsel need to see before committing capital.

Corey Lewis  |  Global Head of Tax Insurance, Brown & Brown - Speaker

Corey Lewis is the Global Head of Tax Insurance at Brown & Brown based out of New York, NY. He was previously a member of the North America Transaction Solutions Operating Committee, Co-Leader of the North American Tax Insurance Practice and Tax Credit Insurance Practice Leader at a large, global insurance broker. Corey began his career as an associate in the International Tax Services: Financial Services / Real Estate division in the New York office of PwC. Corey was recognized as a Power Broker and Rising Star in 2019, 2020, 2022, 2025, and 2026 and as a Power Broker Finalist and Rising Star in 2023 by RISK & INSURANCE Magazine. Corey graduated from the University of Michigan with a B.A. and The University of Texas School of Law with a J.D.

After registering, you will receive a confirmation email containing information
about joining the meeting.

June 9

GREC's
Geothermal Renewable Energy Credits

Renewable Energy Created by Geothermal Installations.

  • What are GRECs
  • Who do GRECs benefit
  • Why are GRECs Important
  • GREC Status in Other States
  • NYS - Where we are with our GREC legislation
  • What are the next steps at the federal and state level?
  • How can our members support the initiative?

Presenters: 

  • Ryan Dougherty/GEOExchange
  • Brian Ferrarese/Dandelion Energy
  • Kelcey Kline/Carbon Solutions Group

Presentation Deck HERE
Session Recording HERE

May 12

GEODesignPRO

A hydraulic modelling tool optimized for fast and accurate calculations vital to successful geothermal system design

Presented by: John Manning

Presentation Deck GeoDesignPro Overview
Session Recording HERE

April 21

NY Greenbank 

Unlocking Residential Geothermal Through ITC Transferability Bridge Lending

Presented by: Andrea Lee and Sam Bither

NY Green Bank is a division of NYSERDA dedicated to bridging financing gaps and mobilizing capital towards NYS clean energy projects primarily through project finance-style debt. NY Green Bank recently closed its first geothermal transaction, an investment tax credit transferability bridge loan, and are interested in finding additional ways to help fill financing gaps for NYS geothermal deployment. This Lunch n Learn will cover:

  • An introduction to NY Green Bank and its investment approach
  • Different types of financing available for geothermal
  • Background on our recent ITC bridge loan for geothermal heat pumps
  • How NY-GEO members should think about assembling a financing proposal
  • Q&A

Learn More and Register HERE
After registering, you will receive a confirmation email containing information about joining the meeting.

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