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RENEWABLE ENERGY
TAX CREDITS COMPANIES

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 TOP ENERGY INCENTIVES
FIRMS

List Updated Annually - 2024

Eide Bailly

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Energy Incentive Program

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Moss Adams

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Section 45L Tax Credit

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Website: mossadams.com

Duffy+Duffy

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EPAct Sec. 179D

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CLA

CliftonLarsonAllen Logo

Energy Tax Credits

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Eide Bailly
CLA
Moss Adams
Perkins & Co
Duffy+Duffy

The Inflation Reduction Act (IRA):

The Inflation Reduction Act (IRA), a monumental commitment by the United States to combat climate change, stands as the largest ever in the country's history. Signed into law on August 16, 2022, the IRA allocates nearly $400 billion in tax incentives to accelerate the nation's transition away from fossil fuels. Notably, this legislation reinvigorates the 179D Energy Efficient Commercial Buildings Deduction and the 45L New Energy Efficient Home Credit.

IRA's Impact on 179D Energy Deduction and 45L Residential Credit:

The IRA introduces significant modifications to the Section 45L New Energy Efficient Home Tax Credit and Section 179D Energy Efficient Commercial Property Deduction. The 45L credit, extended for 10 years, now applies to all residential buildings and incorporates updated energy standards from the International Energy Conservation Code to EPA's ENERGY STAR and DOE's Zero Energy Ready Home. The IRA also introduces changes in credit amounts and eligibility rules from 2023 to 2032. Developers meeting qualifications benefit from these alterations, which expand eligibility, create new energy standards, and determine credit amounts based on energy standards and prevailing wages.

 

In contrast, the IRA makes Section 179D permanent, modifying the formula for computing energy-efficient commercial building deductions. The deduction, applicable to buildings of four or more stories, sees an increased amount of $2.50/SF, potentially rising to $5 with wage and apprenticeship requirements met. However, LIHTC eligible basis reduction remains a limitation. These changes aim to encourage energy efficiency and provide incentives for building owners, with recent IRS guidance issued in Announcement 2023-1 clarifying reference standards for Section 179D calculations.

List of Tax Credits and Incentives

  • Renewable Energy Generation Tax Credits

  • Carbon Sequestration Tax Credits

  • Clean Fuels Tax Credits

  • Clean Vehicles Tax Credits

  • Energy Manufacturing Tax Credits

  • Energy Efficiency Tax Deduction

Choosing the Right Firm for Energy Efficiency Credits

  • Tax credits and deductions are instrumental for financial savings and promoting energy efficiency.

  • Collaborate with a Trusted Business Advisor: Select a firm with a proven track record in the energy efficiency space to navigate the complex landscape, ensuring maximum benefits for your business.

  • My home is in need of only light repairs. Would RS Home Buyers still be interested?
    Yes, RS Home Buyers would still be interested in purchasing your home even if it only requires light repairs. While we do take the condition of a home into consideration when making an offer, we are willing to make offers on homes that may require minor repairs or updates. However, the offer price may be adjusted based on the estimated cost of the repairs. Please feel free to contact us to discuss the specifics of your home and the potential for an offer.
  • What if my home is in bad condition?
    If your home is in bad condition, RS Home Buyers may still be interested in making an offer. However, the offer price will likely be adjusted based on the extent of the damages and the estimated cost of repairs. We understand that sometimes homes may fall into disrepair due to unforeseen circumstances and we are willing to work with homeowners to find a solution. If you are interested in selling your home and it is in bad condition, please contact us to discuss your options. We will do our best to find a solution that works for you.
  • What will happen with my belongings that I cannot move?
    If you are unable to move all of your belongings when selling your home to RS Home Buyers, we can discuss options for what to do with those items. Some possible options could include: Donating the items to a charitable organization or thrift store (most often the solution) Storing the items in a self-storage unit Selling the items at a garage sale or through online platforms such as eBay or Craigslist Asking friends or family members if they are interested in taking any of the items Ultimately, it will be up to you to decide what to do with your belongings that you cannot move. We will work with you to find a solution that works best for your situation.
  • I am in financial difficulty. RS Home Buyers help?
    Yes, RS Home Buyers may be able to help if you are in financial difficulty. We understand that sometimes unforeseen circumstances can lead to financial struggles and we are willing to work with homeowners to find a solution. If you are interested in selling your home but are struggling financially, please contact us to discuss your situation. We will do our best to find a solution that works for you, whether that be through a traditional sale or a more customized approach such as a short sale or lease option. Please don't hesitate to reach out to us for assistance.
  • What if I live out of state?
    If you live out of state and are interested in selling your home to RS Home Buyers, we are still able to work with you. We have experience working with out-of-state sellers and have developed processes to ensure a smooth transaction. We can handle all necessary paperwork and communication remotely, and we will work with you to coordinate any necessary inspections or repairs. If you are unable to travel to the property, we can provide you with updates and photos to keep you informed of the process. If you are an out-of-state seller and interested in working with us, please don't hesitate to contact us for more information.
  • I have a sensitive family situation. How will this be handled?
    If you have a sensitive family situation, such as a divorce or the loss of a loved one, we understand that the process of selling your home may be especially difficult. At RS Home Buyers, we are committed to treating all of our clients with respect and compassion. If you have a sensitive family situation, please let us know and we will do our best to handle the process with sensitivity and discretion. We will work with you to find a solution that meets your needs and addresses any unique challenges you may be facing. Please don't hesitate to contact us to discuss your situation and how we can help.
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