As a full-service advisory firm, we’re invested in fostering your business’s enduring expansion.
But don’t just take our word for it...we are proud to let our clients’ experiences speak for themselves.
As a full-service advisory firm, we’re invested in fostering your business’s enduring expansion.
But don’t just take our word for it...we are proud to let our clients’ experiences speak for themselves.
Our commitment to renewable energy ROI extends beyond tax incentives
As a full-service advisory firm, we’re invested in fostering your business’s successful expansion.
CLIENT RESULTS
saved in yearly energy costs on average
$90K
tons of CO2 removed from the atmosphere
per year
966
45L and 179D certifications submitted
350
average tax credit
provided
$645K
collaboration
The IRS and U.S. Department of Treasury launched a pre-filing registration portal on December 22, 2023, to promote clean energy and economic growth. The portal provides access to tax credits for eligible clean energy products under the Inflation Reduction Act and the CHIPS Act, facilitating transferable and refundable tax credits for counties and tax-exempt entities like tribes, schools, churches, and nonprofits.
Energy Tax Credits Prefiling advice
LEARN MORE
In the past, taxpayers couldn't directly sell federal income tax credits, causing issues for developers unable to use them. To bypass this, complex structures were made for tax credit investors to receive credits. Now, the new tax law allows developers to sell solar tax credits, bringing new cash equity without altering ownership.
Solar tax credits:
What you should know
The Inflation Reduction Act (IRA) offers tax credits to promote green building projects. The Alternative Fuel Vehicle Refueling Property Credit, §IRC 30C, which the IRA both expanded from its previous iteration and extended to December 31, 2032, provides incentives to individuals and businesses that install EV chargers.
Maximize savings through EV charging tax incentives
LEARN MORE
You may have assumed that installing a geothermal heating and cooling system is too cumbersome and costly to be a viable clean energy option. But it’s time to give this green technology a serious rethinking for your commercial and residential projects.
The time to consider geothermal energy is now
LEARN MORE
Insights
CONTACT US
CONTACT US
CONTACT US >
Environmental, social & governance
Modernize your ESG strategy to increase investor confidence, attract top talent and protect your brand.
Nonprofit & tribal incentives
Access and monetize every tax incentive available to government protected entities with Wipfli advisory support.
02
Manufacturing & building opportunities
Leverage 179D credits, cost segregation, construction planning, R&D tax credits.
Energy credits & incentives
Take advantage of energy credits and the latest energy solution tax incentives to preserve your bottom line.
Renewable & clean energy
Prepare your business for the future with solar, geothermal and wind energy solutions.
Audit & oversight, board makeup, bribery & corruption, executive compensation, transparency, whistle-blower protections
Governance:
Community investment, data privacy, diversity & inclusion, labor standards, pay equity, sourcing, supply chain protections
Social:
Carbon emissions, climate impact, energy efficiency, green supply chain, pollution, renewable energy, resource consumption, waste management protections
Environmental:
Environmental, social & governance
Nonprofit & tribal
incentives
Commercial buildings energy-efficiency tax deduction
Sec. 179D
Advanced energy project credit (recycling plant, biogas)
Sec. 48C
Investment tax credit (solar, geothermal, storage, biogas, fuel cells)
Sec. 48
Tax credit for carbon oxide sequestration
Sec. 45Q
Alternative fuel vehicle refueling property credit
Sec. 30C
Manufacturing & building Opportunity
Commercial buildings energy-efficiency tax deduction
Sec. 179D
Advanced energy project credit (recycling plant, biogas)
Sec. 48C
Investment tax credit (solar, geothermal, storage, biogas, fuel cells)
Sec. 48
Advanced manufacturing tax credit (wind, solar, batteries, critical minerals)
Sec. 45X
Alternative fuel vehicle refueling property credit
Sec. 30C
Commercial buildings energy-efficiency tax deduction
Sec. 179D
New energy efficient home credit
Sec. 45L
Alternative fuel vehicle refueling property credit
Sec. 30C
Residential clean energy credit
Sec. 25D
Energy efficient home improvement tax credit
Sec. 25C
Energy credits & incentives
Investment tax credit (solar, geothermal, storage, biogas, fuel cells)
Sec. 48
Zero-emission nuclear power production credit
Sec. 45U
Tax credit for carbon oxide sequestration
Sec. 45Q
Production tax credit (wind, solar, geothermal, hydropower)
Sec. 45
Alternative fuel vehicle refueling property credit
Sec. 30C
Renewable & clean
energy
Start maximizing your profits today
Energy solutions to power profitability
Services
What’s the best way to get started with ESG strategies?
Whether your company is going public and needs an attractive ESG policy for investors or you are simply seeking an experienced partner to support ESG governance for maximum financial impact, we can help.
How does Wipfli help businesses maximize energy-efficient technology benefits?
Wipfli partners with architects and construction companies who understand how to leverage renewable energy for business growth. Our experienced team can help ensure you build with the end in mind.
How does a not-for-profit, government or tribal organization monetize tax credits?
Applicable entities defined as tax-exempt entities, state or local governments, the Tennessee Valley Authority, Indian tribal governments or Alaska Native corporations can elect to receive a direct payment in lieu of a tax credit.
What type of projects qualify for Investment and Production tax credits?
Projects that involve solar, electrochromic glass, microgrid controller, biogas, geothermal, combined heat and power, fuel cell energy, wind, waste energy recovery and energy storage may qualify.
What type of properties qualify for 45L tax credits?
Townhouses, duplexes, condominiums, apartments, assisted living facilities, single-family detached homes, prefabricated homes and student housing that satisfy energy efficiency requirements may qualify for 45L tax credits.
Who is eligible for 45L tax credits?
The 45L tax credit can only be claimed by the qualified contractor, such as the building's developer, builder or owner.
How long does a Section 179D certification take?
A full 179D study typically takes two to four weeks, but it depends on the availability of information and setting up a physical in-person property inspection with one of our engineers.
What type of buildings qualify for Section 179D credits?
Commercial buildings, residential buildings with four stories or more, government-owned buildings, parking garages built prior to January 1, 2023 and tax exempt owned buildings placed in service after January 1, 2023 qualify for section 179D credits.
Contact our team for more information
CONTACT US
Energy advisory solutions
Frequently asked questions
more info >
sbarnes@wipfli.com
"We understand that green energy initiatives are crucial for the benefits of our clients."
Steve Barnes
Partner I sbarnes@wipfli.com
Partner
Steve Barnes is a partner on the cost segregation team with expertise in the engineering approach of cost segregation for both new construction projects and purchased properties. His understanding of construction finances and his ability to analyze construction documents are important assets in the process of cost segregation projects. Steve’s experience also includes Section 263A repair versus capitalization review tangible property studies and Section 168 fixed asset disposal studies.
more info >
"I'm passionate about helping clients leverage the Inflation Reduction Act’s energy incentives.”
Doug Kolker
Partner
Doug Kolker focuses on research and experimentation (R&E) tax projects, allowing him to use his experience to help clients maximize the credit. He helps manufacturing, technology and software companies successfully reduce their tax liabilities by uncovering research and development (R&D) credits. He has a broad background in tax planning, working with closely held businesses, corporations, partnerships and limited liability companies.
more info >
“The benefits for businesses to implement green initiatives has never been so good.”
Andrew Seifert
Partner
aseifert@wipfli.com
Andrew Seifert is a partner in Wipfli’s national tax office. Since joining Wipfli in 2015, his focus has been assisting clients with complex tax issues. He specializes in federal and multistate corporate and partnership tax compliance, accounting methods, tax research, and mergers and acquisitions. He is dedicated to assisting the firm’s clients with their unique and challenging issues.
Our dedicated team will assist you with every step.
Our Team
124
new homes
built
50%
reduction in heating & cooling use annually
$250K
credit for home design & build
Energy Efficient Savings
A residential builder constructed 124 single family homes in Illinois from 2018 through 2021. These energy-efficient homes used 50% less annual heating and cooling consumption which resulted in a $250K credit for the design and build of the homes.
Geothermal Savings
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
Energy Cost Reduction
14
energy-efficient locations
$150K
annual energy cost savings
$1M
section 179D deduction
A general contractor firm built and improved 14 energy-efficient locations that resulted in a 42% reduction in average energy costs, saving the owners nearly $150K annually. Wipfli advisors analyzed these savings against the federal program Section 179D requirements and helped the client receive a $1M deduction.
Geothermal Savings
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
investment
tax credits
$4.1M
building upgrades
$2.0M
qualified
costs
$800K
investment tax credits
A school district spent approximately $4.1M on building upgrades with the addition of a geothermal system. Wipfli identified $2.0M in available investment tax credits and the client received $800K of those credits through the Inflation Reduction Act direct pay program.
Geothermal Savings
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
Geothermal Savings
$3.5M
building upgrades
$2.4M
qualified
costs
$723K
investment tax credits
Highland Baptist Church
A non-profit organization invested approximately $3.5M on improvements to their facility that included installation of a geothermal system. Wipfli advisors uncovered $2.4M qualified costs, resulting in $723K in direct pay tax incentives through the Inflation Reduction Act.
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
Geothermal Savings
Discover the impact in Action
CLIENT STORIES
Contact our team for more information
CONTACT US
What’s the best way to get started with ESG strategies?
Whether your company is going public and needs an attractive ESG policy for investors or you are simply seeking an experienced partner to support ESG governance for maximum financial impact, we can help.
How does Wipfli help businesses maximize energy-efficient technology benefits?
Wipfli partners with architects and construction companies who understand how to leverage renewable energy for business growth. Our experienced team can help ensure you build with the end in mind.
How does a not-for-profit, tribal or government organization monetize tax credits?
Applicable entities defined as tax-exempt entities, state or local governments, the Tennessee Valley Authority, Indian tribal governments or Alaska Native corporations can elect to receive a direct payment in lieu of a tax credit.
What type of projects qualify
for Investment and Production
tax credits?
Projects that involve solar, electrochromic glass, microgrid controller, biogas, geothermal, combined heat and power, fuel cell energy, wind, waste energy recovery and energy storage may qualify.
What type of properties qualify for 45L tax credits?
Townhouses, duplexes, condominiums, apartments, assisted living facilities, single-family detached homes, prefabricated homes and student housing that satisfy energy efficiency requirements may qualify.
Who is eligible for 45L tax
credits?
The 45L tax credit can only be claimed by the qualified contractor, such as the building's developer, builder or owner.
How long does a Section 179D certification take?
A full 179D study typically takes two to four weeks, but it depends on the availability of information and setting up a physical in-person property inspection with one of our engineers.
What type of buildings qualify for Section 179D credits?
Commercial buildings, residential buildings with four stories or more, government-owned buildings, parking garages built prior to January 1, 2023 and tax exempt owned buildings placed in service after January 1, 2023.
energy advisory insights
Frequently asked questions
Our dedicated team will assist you with every step.
Our Team
more info >
“The benefits for businesses to implement green initiatives has never been so good.”
Andrew Seifert
Partner
aseifert@wipfli.com
Andrew Seifert is a partner in Wipfli’s national tax office. Since joining Wipfli in 2015, his focus has been assisting clients with complex tax issues. He specializes in federal and multistate corporate and partnership tax compliance, accounting methods, tax research, and mergers and acquisitions. He is dedicated to assisting the firm’s clients with their unique and challenging issues.
more info >
"I'm passionate about helping clients leverage the Inflation Reduction Act’s energy incentives.”
Doug Kolker
Partner
Doug Kolker focuses on research and experimentation (R&E) tax projects, allowing him to use his experience to help clients maximize the credit. He helps manufacturing, technology and software companies successfully reduce their tax liabilities by uncovering research and development (R&D) credits. He has a broad background in tax planning, working with closely held businesses, corporations, partnerships and limited liability companies.
more info >
sbarnes@wipfli.com
"We understand that green energy initiatives are crucial for the benefits of our clients."
Steven Barnes
Partner I sbarnes@wipfli.com
Partner
Steven Barnes is a partner on
the cost segregation team with expertise in the engineering approach of cost segregation for both new construction projects and purchased properties. His understanding of construction finances and his ability to analyze construction documents are important assets in the process of cost segregation projects. Steve’s experience also includes Section 263A repair versus capitalization review tangible property studies and Section 168 fixed asset disposal studies.
124
new homes
built
50%
reduction in heating & cooling use annually
$250K
credit for home design &
build
Beechen & Dill constructed 124 single family homes in Illinois from 2018 through 2021. These energy-efficient homes used 50% less annual heating and cooling consumption which resulted in a $250K credit for the design and build of the homes.
Energy Efficient Savings
Energy Cost Reduction
Solar
Savings
Geothermal Savings
Energy Efficient Savings
14
energy-efficient locations
$150K
annual energy cost savings
$1M
section 179D deduction
Market & Johnson built and improved 14 energy-efficient locations which resulted in a 42% reduction in average energy costs, saving the owners nearly $150K annually. Wipfli advisors analyzed these savings against the federal program Section 179D requirements and helped the client receive a $1M deduction.
Energy Efficient Savings
Energy Cost Reduction
Solar
Savings
Geothermal Savings
Energy Cost Reduction
$4.1M
building upgrades
$2.0M
qualified
costs
$800K
investment tax credits
Memorial Elementary School
spent approximately $4.1M on building upgrades with the addition of a geothermal system. Wipfli identified $2.0M in available investment tax credits and the client received $800K of those credits through the Inflation Reduction Act direct pay program.
Investment tax credits
Energy Efficient Savings
Energy Cost Reduction
Solar
Savings
Geothermal Savings
$3.5M
building upgrades
$2.4M
qualified
costs
$723K
investment tax credits
Highland Baptist Church invested approximately $3.5M on improvements to their facility which included installation of a geothermal system. Wipfli advisors uncovered $2.4M qualified costs, resulting in $723K in direct pay tax incentives through the Inflation Reduction Act.
Geothermal Savings
Energy Efficient Savings
Energy Cost Reduction
Solar
Savings
Geothermal Savings
Discover the impact in Action.
success stories
As a full-service advisory firm, we’re invested in fostering your business’s enduring expansion.
But don’t just take our word for it...we are proud to let our clients’ experiences speak for themselves.
As a full-service advisory firm, we’re invested in fostering your business’s enduring expansion.
But don’t just take our word for it...we are proud to let our clients’ experiences speak for themselves.
Our commitment to renewable energy ROI extends beyond tax incentives.
As a full-service advisory firm, we’re invested in fostering your business’s successful expansion.
CLIENT RESULTS
saved in yearly energy costs on average
$90K
tons of CO2 removed from the atmosphere
per year
966
45L and 179D certifications submitted on behalf of clients
350
average tax credit
provided to our
clients
$645K
collaboration
The IRS and U.S. Department of Treasury launched a pre-filing registration portal on December 22, 2023, to promote clean energy and economic growth. The portal provides access to tax credits for eligible clean energy products under the Inflation Reduction Act and the CHIPS Act, facilitating transferable and refundable tax credits for counties and tax-exempt entities like tribes, schools, churches, and nonprofits.
Energy Tax Credits Prefiling advice
LEARN MORE
In the past, taxpayers couldn't directly sell federal income tax credits, causing issues for developers unable to use them. To bypass this, complex structures were made for tax credit investors to receive credits. Now, the new tax law allows developers to sell solar tax credits, bringing new cash equity without altering ownership.
Solar tax credits: What you should know
LEARN MORE
The Inflation Reduction Act (IRA) offers tax credits to promote green building projects. The Alternative Fuel Vehicle Refueling Property Credit, §IRC 30C, which the IRA both expanded from its previous iteration and extended to December 31, 2032, provides incentives to individuals and businesses that install EV chargers.
Maximize savings through EV charging tax incentives
LEARN MORE
You may have assumed that installing a geothermal heating and cooling system is too cumbersome and costly to be a viable clean energy option. But it’s time to give this green technology a serious rethinking for your commercial and residential projects.
The time to consider geothermal energy is now
LEARN MORE
latest News
CONTACT US
CONTACT US
CONTACT US TODAY >
start maximizing your profits today
Nonprofit & tribal incentives
Environmental, social & governance
Manufacturing & building opportunity
Energy credits & incentives
Renewable & clean energy
Audit & oversight, board makeup, bribery & corruption, executive compensation, transparency, whistle-blower protections
Governance:
Community investment, data privacy, diversity & inclusion, labor standards, pay equity, sourcing, supply chain protections
Social:
Carbon emissions, climate impact, energy efficiency, green supply chain, pollution, renewable energy, resource consumption, waste management protections
Environmental:
Modernize your ESG strategy to increase investor confidence, attract top talent and protect your brand.
Environmental, social & governance
Commercial buildings energy-efficiency tax deduction
Sec. 179D
Advanced energy project credit (recycling plant, biogas)
Sec. 48C
Investment tax credit (solar, geothermal, storage, biogas, fuel cells)
Sec. 48
Tax credit for carbon oxide sequestration
Sec. 45Q
Alternative fuel vehicle refueling property credit
Sec. 30C
Access every tax incentive available to government protected entities with Wipfli advisory support.
Nonprofit & tribal
incentives
Commercial buildings energy-efficiency tax deduction
Sec. 179D
Advanced energy project credit (recycling plant, biogas)
Sec. 48C
Investment tax credit (solar, geothermal, storage, biogas, fuel)
Sec. 48
Advanced manufacturing tax credit (wind, solar, batteries, critical minerals)
Sec. 45X
Alternative fuel vehicle refueling property credit
Sec. 30C
Leverage R&D tax credits, cost segregation studies, building opportunity zones and construction planning.
Manufacturing & building opportunity
Commercial buildings energy-efficiency tax deduction
Sec. 179D
New energy efficient home credit
Sec. 45L
Alternative fuel vehicle refueling property credit
Sec. 30C
Residential clean energy credit
Sec. 25D
Energy efficient home improvement tax credit
Sec. 25C
Take advantage of energy credits and the latest energy solution tax incentives to preserve your bottom line.
Energy credits & incentives
Are you ready to begin the journey?
Investment tax credit (solar, geothermal, storage, biogas, fuel cells)
Sec. 48
Zero-emission nuclear power production credit
Sec. 45U
Tax credit for carbon oxide sequestration
Sec. 45Q
Production tax credit (wind, solar, geothermal, hydropower)
Sec. 45
Alternative fuel vehicle refueling property credit
Sec. 30C
Future-proof your business with solar, geothermal and wind energy solutions, EV charging stations and more.
Renewable & clean energy
Energy solutions to power profitability
Services
YOUR PATH TO ENERGY ROI STARTS HERE.
Maximize profitability through Wipfli's energy advisory services.
Anticipate potential reforms to the Affordable Care Act, changes to Medicare and Medicaid reimbursement models and an emphasis on price transparency and telehealth.
What healthcare policy changes should mid-market healthcare providers and related businesses prepare for?
What are the potential changes to open banking regulations?
Open banking regulations may shift with CFPB leadership changes slowing rule implementation, potential rollbacks of regulations under the Trump administration, and GOP measures to alter financial policies. Relaxed rules could lower compliance costs but heighten competition in the financial sector.
How might banking regulations change, and what could this mean for financial services and lending?
In 2025, banking deregulation may ease Dodd-Frank restrictions, simplify lending rules for real estate and construction, and alter Community Reinvestment Act requirements. Changes to open banking regulations could boost financing opportunities but may also increase risks to the financial system.
What tax changes should manufacturers expect post-election, and how can they prepare?
Manufacturers may see changes to R&D tax credits, capital expenditure deductions, and incentives for automation, energy-efficient equipment, and reshoring. Shifts in international tax policies and green manufacturing opportunities are likely. Prepare with scenario analyses, legislative tracking, and expert advice.
Cybersecurity will likely remain a key focus, with potential increases in government standards for finance and healthcare, tax incentives for cybersecurity investments and protections for critical infrastructure. While enhancing security, these measures could raise compliance costs for some businesses.
What cybersecurity measures might be emphasized in a second Trump term?
How could labor laws be affected, and what does this mean for employers?
Potential labor law changes could impact workforce management, including revisions to overtime rules and worker classifications, expanded apprenticeship programs benefiting construction and manufacturing, and immigration policy shifts. These changes could create opportunities and challenges for various sectors like healthcare and manufacturing.
What environmental regulation changes should mid-market businesses anticipate?
A second Trump term may continue environmental deregulation, including relaxed emissions standards, streamlined permitting for energy projects, and reduced compliance requirements. While cost-saving, these changes could challenge businesses invested in green technologies or marketing environmental sustainability.
Trump’s previous term saw significant tax cuts, and a second term may bring further reductions or extensions. Potential benefits include lower corporate tax rates, simplified codes, and expanded opportunity zones. However, balancing tax cuts with revenue needs could impact available business incentives.
How might Trump's tax policies affect mid-market businesses?
Contact our team for more information
CONTACT US
FAQ: Mid-market businesses and Trump's second term
Frequently asked questions
LEARN MORE
Whether your company is going public and needs an attractive ESG policy for investors or you are simply seeking an experienced partner to support ESG governance for maximum financial impact, we can help.
What’s the best way to get started with ESG strategies?
How does Wipfli help businesses maximize energy-efficient technology benefits?
Wipfli partners with architects and construction companies who understand how to leverage renewable energy for business growth. Our experienced team can help ensure you build with the end in mind.
How does a not-for-profit, government or tribal organization monetize tax credits?
Applicable entities defined as tax-exempt entities, state or local governments, the Tennessee Valley Authority, Indian tribal governments or Alaska Native corporations can elect to receive a direct payment in lieu of a tax credit.
What type of projects qualify for Investment and Production tax credits?
Projects that involve solar, electrochromic glass, microgrid controller, biogas, geothermal, combined heat and power, fuel cell energy, wind, waste energy recovery and energy storage may qualify.
Townhouses, duplexes, condominiums, apartments, assisted living facilities, single-family detached homes, prefabricated homes and student housing that satisfy energy efficiency requirements may qualify for 45L tax credits.
What type of properties qualify for 45L tax credits?
Who is eligible for 45L tax credits?
The 45L tax credit can only be claimed by the qualified contractor, such as the building's developer, builder or owner.
How long does a Section 179D certification take?
A full 179D study typically takes two to four weeks, but it depends on the availability of information and setting up a physical in-person property inspection with one of our engineers.
Commercial buildings, residential buildings with four stories or more, government-owned buildings, parking garages built prior to January 1, 2023 and tax exempt owned buildings placed in service after January 1, 2023 qualify for section 179D credits.
What type of buildings qualify for Section 179D credits?
Energy advisory solutions
Frequently asked questions
President Trump’s second term and a Republican-controlled Congress raises important questions about policy, regulatory and tax changes. At Wipfli, we understand your concerns and are here to provide insights on potential impacts across various sectors, including manufacturing, healthcare, nonprofits, financial services, construction and real estate.
We recommend conducting risk assessments, updating compliance programs, staying informed on policy changes and industry trends and creating flexible strategic plans to adapt to potential shifts effectively.
What steps can mid-market businesses take now to prepare for potential changes?
How can mid-market businesses in construction and real estate prepare for potential policy shifts?
Focus on watching possible changes to zoning laws and building codes, potential infrastructure spending initiatives, modifications to affordable housing policies and adjustments to energy tax credit policies.
What potential changes to nonprofit regulations should organizations be aware of?
Keep an eye on possible adjustments to charitable giving incentives, changes to reporting requirements and potential shifts in grant funding priorities.
How might changes in international trade policies affect mid-market businesses?
Expect a continued focus on renegotiation of trade agreements, potential new tariffs or trade restrictions and an emphasis on "Buy American" policies.
What are the potential changes to open banking regulations?
Open banking regulations may shift with CFPB leadership changes slowing rule implementation, potential rollbacks of regulations under the Trump administration, and GOP measures to alter financial policies. Relaxed rules could lower compliance costs but heighten competition in the financial sector.
How might changes in international trade policies affect mid-market businesses?
Expect a continued focus on renegotiation of trade agreements, potential new tariffs or trade restrictions and an emphasis on "Buy American" policies.
What potential changes to nonprofit regulations should organizations be aware of?
Keep an eye on possible adjustments to charitable giving incentives, changes to reporting requirements and potential shifts in grant funding priorities.
How can mid-market businesses in construction and real estate prepare for potential policy shifts?
Focus on watching possible changes to zoning laws and building codes, potential infrastructure spending initiatives, modifications to affordable housing policies and adjustments to energy tax credit policies.