The US Federal Government has signaled a push to incentivize and reward companies that are pursuing climate and green energy-related projects by establishing Energy Efficient Tax Credits.
Why go green?
President Biden signed into law the Inflation Reduction Act (IRA) of 2022 with funds totaling over $369 billion. The goal of the IRA tax deductions is to expand U.S. manufacturing capacity and jobs for clean technologies, reduce greenhouse gas emissions and to secure domestic supply chains for critical materials.
The cost of building and implementing green energy-related projects can be discouraging. For this reason, certain energy-efficient tax credits were established in order to encourage businesses to be as ecological and economically friendly as possible.
Who qualifies for Green Tax Credits & what improvements are eligible?
The Inflation Reduction Act is a major piece of legislation, and will affect individuals, businesses, tax exempt and government entities.
There are many different ways to pursue an energy-efficient tax incentive. To learn if your business or project qualifies, please contact us for a free consultation with one of our experts to answer any questions and identify all opportunities.
Learn more about the Energy-Efficient Tax Deductions
- Section 48C: Qualifying Advanced Energy Project Tax Credit
- Section 179D: Commercial Buildings Energy-Efficiency Tax Deduction
- Section 45X: Advanced Manufacturing Tax Credit
Maximize your benefit by hiring an expert
We partner with your business and advisors to provide access to the maximum government incentives. Our team of experts take the time to understand your business in order to align your company to all available federal and state credits and/or grants. Our industry-based expertise and successful track record offer peace of mind knowing you have the highest chance of being approved and receiving the maximum benefit on investment possible.
