Your business has taken the initiative to go green. Whether your company is converting to renewable energy, investing in energy projects or shifting to electric vehicles, you want to ensure you capture all the tax credits and rewards available to offset your investment costs.
The amount and variety of tax credits and incentives continuously change as the current administration pushes for new proposals in renewables and infrastructure. In fact, these types of projects and programs are highlighting the number of green energy credits available:
- Investment in certain technologies (wind, solar, combined heat and power, waste energy recovery, geothermal, microturbines)
- Production of renewable energy (wind, open and closed loop biomass, geothermal, landfill gas, hydropower, trash combustion)
- Carbon capture and sequestration
- Credits for electric vehicles, charging stations
- Alternative and renewable fuel
- Residential credits
- Also state incentive programs
Our green energy incentives consulting team helps middle market clients like you plan strategies as well as identify and secure green energy credits and incentives, including:
- Tax consulting on technical directives
- Planning structuring for projects
- Determining qualifying costs
- Analyzing recapture provisions and the election to pass through the credit to an eligible lessee
- Planning to ensure projects meet IRS safe harbor rules
- Designing energy property investment structures to monetize the tax credits and deductions using partnership flip or leasing structures that comply with the economic substance doctrine
- Planning to avoid ownership structures that limit credit utilization because of passive loss/credit rules or at-risk limitations
- Modeling investments
Investing in green energy technologies is one of the largest business initiatives your organization will take. Rely on our knowledge-based team to partner with you on this future-forward investment strategy.
