Course Content
Financial modeling is a critical yet often underappreciated skill, essential for success in corporate finance and business. Whether you’re launching a new venture, managing operations, or evaluating “what-if” scenarios through sensitivity analysis, the ability to create a robust financial model is indispensable. Your boss, clients, or investors will demand professional and reliable forecasts that inspire confidence.
This course teaches participants how to Build a Tax Equity financial model using a US renewable energy project as a case study. This is an intensive course providing an overview of the tax equity structures commonly used in U.S. renewable energy investments, with a focus on the development of a financial model. In this course you will be exposed to many areas of tax equity such as: Tax equity and Back leverage concepts, IRA, Depreciation, tax credits and inside and outside basis.
In contrast to Renewable energy project finance modelling. The Tax Equity course goes deep into tax capital accounts, deficit restoration obligations, stop loss allocations, and HLBV accounting.
Other Frequently Asked Questions
Pivotal180’s Tax Equity & Hybrid Financial Modeling course assumes knowledge of advanced Excel functions, best-practice financial modeling, and concepts such as debt sizing, debt sculpting and optimizing a model to a required PPA price. We strongly recommend completing Renewable Energy Project Finance Modeling first, either live or online.
Yes. Pivotal180 updates its courses as US tax changes are announced, and Tax Equity & Hybrid Financial Modeling covers the 2025 US federal tax changes to clean energy tax credits.
The course covers US tax equity structures in detail, including partnership flips, back leverage, inside and outside basis, capital accounts, deficit restoration obligations, HLBV accounting, Section 704(d) and 754 step-ups, fair market value, sponsor buy-outs, and tax credit transferability and hybrid structures. It uses a US renewable energy project with detailed Excel model walkthroughs.
Tax Equity & Hybrid Financial Modeling is the full modeling course for analysts, associates and VPs who build and review tax equity models. How to Raise Tax Equity is a non-modeling course on the tax equity process, from investor outreach to closing, for managers, executives and dealmakers.
Choose self-paced if you want to start straight away and work around your schedule, with 12 months of access and trainer replies to questions within 24 hours.
Choose live streaming if you prefer working through the model with an instructor in a small class (around 12 participants), over 7 sessions of 3 hours across 5 to 6 weeks, with homework and session recordings.
If you start self-paced and later join a live course, the self-paced fee is credited.