In this Renewable Energy Tax Credit Finance Series episode of the Novogradac Tax Credit Tuesday Podcast, Michael Novogradac, CPA, and Tony Grappone, CPA, discuss year-end financial reporting recommended practices for renewable energy tax credit-financed facilities. First, they discuss tax and financial reporting recommended practices, so sponsors and investors can prepare for a successful post-closing phase. They discuss deficit restoration obligations and commonly misunderstood differences between what costs can be capitalized versus expensed. In the second part of the discussion, they share several important issues to consider during the operations phase.