Join the Cherry Bekaert Energy Tax Credits & Incentives Advisory team as we provide details on tax credits and incentives that are rewarding to not-for-profit organizations. In 2023, the Inflation Reduction Act (IRA) allowed tax exempt and governmental entities to take monetize clean energy tax credits and incentives, even if your organization does not pay federal taxes. These tax credits and incentives aid to encourage growth and development of clean and efficient energy and practices.
Activities that can qualify include:
- Investing in alternative energy technologies such as solar, wind, geothermal, biogas or electric vehicle charging stations, could potentially make you eligible to receive a direct payment of a tax credit.
- Upgrading a building’s internal lighting, HVAC, insulation, roofing or windows could potentially make you entitled to allocate a deduction to go back to the designer of the upgrades in exchange for a monetary benefit.
Our knowledgeable team will share insights into the various available federal tax credits and incentives and how they can be monetized in the form of a payment from the U.S. Treasury.
Learning Objectives:
- Determine if your organization qualifies for direct payment of federal taxes.
- Learn about the types of projects, technologies and investments that qualify for direct payments.
- Discuss the typical timelines involved from the identification of a project until the payment is received.
- Discover the next steps for the registration and filing process.
