Jerome L. Garciano
Senior Counsel
Areas of Focus
- Projects & Energy Transition
- Energy & Infrastructure
- Renewable Energy
- Tax Structuring & Equity Financing
- Project Debt & Equity Finance
- Real Estate Transactions
- Project Development
- Infrastructure & Transportation
- Corporate & Finance
- Climate Change
- Sustainability
- Focuses on renewable clean energy project finance and Inflation Reduction Act energy energy infrastructure tax incentives.
- Skilled transactional tax credit attorney and CPA.
- Deep and diverse experience in real estate community and economic development tax credit finance.
Jerome Garciano represents lenders, equity investors , manufacturers and project developers in renewable energy and real estate project tax credit financing. He advises clients on various aspects of energy tax credit such as qualifying facilities review, transferability, tax credit equity, prevailing wage and apprenticeship requirements, domestic content and energy communities bonuses, beginning of construction and placement in service, and the IRS regulatory guidance on these matters.
Prior to joining Akin, Jerome’s transactional practice also focused on affordable housing and community real estate development tax credit finance. As a tax LEED accredited professional with background in design and construction, Jerome is nationally recognized as an expert on tax incentives for clean energy and green building and infrastructure and building energy efficiency. Before practicing law, Jerome was a project finance manager on low-income housing tax credit finance transactions for a national nonprofit real estate developer specializing in community revitalization.
Clean Energy Project Finance
- Advised biofuel manufacturers and ethanol trade groups on Section 45Z rules/regulations and prevailing wage requirements.
- Counseled national developer of battery infrastructure projects on beginning of construction and domestic content issues.
- Guided county infrastructure agency on elective pay and project structuring for anaerobic digester and combined heat and power generator.
- Advised multinational oil and gas company on new technology neutral tax credits and Section 45Q carbon sequestration tax credits.
- Closed multi-tier partnership flip tax credit investment for regional portfolio of clean energy assets.
- Facilitated tax credit investor exit at the close of investment tax credit recapture period.
- Served as tax credit fund investor’s counsel on solar farm investment tax credit (ITC) Section 6418 transferability transaction.
- Assisted an insurance company investor on a series of Section 48 partnership flip investment tax credit wind energy projects in Rhode Island.
- Represented regional green bank as lender’s counsel in solar project construction financing transaction incorporating REC subsidies.
- Advised regional non-profit housing developer solar on the competitive Section 48(e) ITC environmental justice bonus application process and Section 6417 elective pay cash refund structuring.
- Counseled regional community solar developer’s PPA financing, Section 6417 elective pay cash refund structuring and low-income communities ITC bonus application.
EducationJ.D., Suffolk University Law School, 2008
M.P.P., Harvard University, 2001
B.A., Cornell University, 1998
J.D., Suffolk University Law School, 2008
M.P.P., Harvard University, 2001
B.A., Cornell University, 1998
Bar AdmissionsMassachusetts
Massachusetts
- American Bar Association, Member
- American Institute of Architects (AIA), Member
- American Institute of Certified Public Accountants (AICPA), Member
- Boston Bar Association (BBA), Member
- Boston Society for Architecture (BSA), Member
- Board Member, National Housing and Rehabilitation Association
- Board Member, Neighbor to Neighbor, Inc.
- U.S. Green Building Council LEED A.P. Accredited Professional
- Co-Author, "GGRF: Funding Considerations for Affordable Housing Developers", Tax Credit Advisor Magazine, July 2024
- Panelist, “Incentivizing an Energy Revolution: What the Inflation Reduction Act has Accomplished, Microgrid IRA Case Studies, and Future Outlook,” Microgrid Knowledge (MGK) Conference, April 2024.
- Panelist, “Inflation Reduction Act: New Federal Dollars for Healthy, Cost-Effective, Resilient Schools,” National Grid Sustainability HUB, April 2024.
- Speaker, “Designer’s Introduction to the Inflation Reduction Act,” Boston Society for Architecture, March 2024.
- Panelist, “Section 45L and Inflation Reduction Act’s Green Incentives,” NJCPA Federal Tax Interest Group, November 2023.
- Guest, (Death) and Taxes (credits)…, Political Shadings Podcast, November 2023.
- Panelist, “Section 48C Advanced Energy Manufacturing Tax Credit,” BRAYN Roundtable, July 2023.
- Panelist, Department of Energy CHP Technical Assistance Partnership – Tax Incentives for CHP Projects in the Inflation Reduction Act,” June 2023.
- Panelist, “Tax Incentives for Microgrid in the Inflation Reduction Act,” Microgrid Knowledge (MGK) Conference 2023 Keynote Session, May 2023.
- Speaker, “IRA and Affordable Housing,” Novogradac 2023 Affordable Housing Developers Conference, January 11, 2023.
- “C-PACE Financing and Affordable Housing,” Tax Credit Advisor Magazine, April 2023.
- Panelist, “Making Cents of Incentives,” Built Environment Plus Webinar, December 2022.
- Moderator, “Harmonization of LIHTC and Solar Credit from the Inflation Reduction Act,” National Housing and Rehabilitation Association Fall Developer’s Forum, October 2022.
- Panelist, “IRA and Affordable Housing,” Novogradac 2022 Affordable Housing Tax Credit and Bonds Conference, September 2022.
- Presenter, “Innovative Building Methods and Modular Construction,” Boston Harvard Real Estate Alumni Organization's Innovation in Real Estate series, June 29, 2022.
- Moderator, “Tax Credit Equity Roundtable,” National Housing and Rehabilitation Association's 2021 Fall Developers Forum, October 26, 2021.
- Presenter, “How to Finance a Microgrid Project in a Post-Covid-19 Economy,” Microgrid Knowledge Virtual Conference, June 3, 2020.
- “C-PACE Financing and Affordable Housing,” Tax Credit Advisor Magazine, April 2023.
