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.
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
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Energy advisory solutions
Frequently asked questions
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?
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"We understand that green energy initiatives are crucial for the benefits of our clients."
Partner
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"I'm passionate about helping clients leverage the Inflation Reduction Act’s energy incentives.”
Doug Kolker
Partner
Andrew Seifert
Partner
124
new homes
50%
reduction in heating & cooling use annually
$250K
credit for home design & build
Energy Efficient Savings
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
Geothermal Savings
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
investment
$4.1M
building upgrades
$2.0M
qualified
$800K
investment tax credits
Geothermal Savings
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
Geothermal Savings
$3.5M
building upgrades
$2.4M
qualified
$723K
investment tax credits
investment tax credits
Energy Cost Reduction
Energy Efficient Savings
Geothermal Savings
CLIENT RESULTS
saved in yearly energy costs on average
$90K
tons of CO2 removed from the atmosphere
966
45L and 179D certifications submitted
350
average tax credit
$645K
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
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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:
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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
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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
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Environmental, social & governance
Nonprofit & tribal incentives
Access and monetize every tax incentive available to government protected entities with Wipfli advisory support.
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
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
Start maximizing your profits today
Energy solutions to power profitability
Services
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.
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.
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.
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.