By: Faith Larson, Vice President of Business Development & Legal Counsel
Mickelson & Company (“Mickco”) is a financial advisory firm focused on arranging tax-motivated investment capital for the railroad and renewable energy industries. With deep roots in agriculture, Mickco is dedicated to leveraging industry expertise to ensure efficient and reliable outcomes for the ethanol industry.
Mickco was founded in 2005 and serves more than 100 railroad customers in 48 states arranging over $3 billion in rail infrastructure improvements through the assignment of the Section 45G federal railroad tax credit. Our expertise with the federal 45G tax credit has positioned us to develop and monetize state-specific tax credits in 12 states for our customer network. Mickco also supports clients in grant application processes specifically focusing on the Consolidated Rail Infrastructure and Safety Improvements (CRISI) federal grant program.
The Inflation Reduction Act introduced direct transferability for several tax credits to promote investment throughout the renewable energy industries. These include investment tax credits under Section 48 for energy properties including combined heat and power systems, wind turbines, solar panels and anaerobic digesters. Other incentives include production tax credits under Sections 45Z, 45V and 45Q for renewable transportation fuels, clean hydrogen and carbon capture, respectively.
Mickco assists our ethanol clients in navigating the complexities of generating these incentives to maximize the value created through transferability. Our team markets the tax credits to an extensive network of long-term corporate buyers and manages the entire transaction process on behalf of our clients from start to finish.
When production tax credits related to ethanol and other biofuels begin generating in 2025, our renewables team is well equipped to assist clients in capitalizing on these opportunities. We advise plant decision-makers on investments that will create value and provide returns over many years. Whether ethanol producers are considering an investment that will generate an investment tax credit or are planning for reductions in carbon intensity scores to generate production tax credits, we are here as your trusted advisor to ensure maximized returns and financial stability for years to come.
Please contact Faith Larson at Mickelson & Company today to discover how our expert solutions can benefit your business. Visit our website at www.mickco.com, email faith@mickco.com or call us at (605) 977-4873. We are proud to serve the ethanol industry.