APRIO SUSTAINABILITY TAX SERVICES

Maximizing Clean Energy Tax Credits

Investment and Production tax credits can deliver tax saving, but understanding eligibility and which sustainability tax credit will best benefit your company is complex. Aprio helps you navigate the requirements with a clear strategy and sound advice.

Schedule a Consultation

Joseph Wallace - Service Leader - ESG Tax

Joseph Wallace

Sustainability Tax Leader
Aprio Advisory Group, LLC

Dedicated sustainability experience you can count on

Aprio’s sustainability tax advisors help industrial companies and others in the manufacturing and distribution industry proactively leverage new and valuable clean energy-related tax credits.

Start-ups and mature businesses alike count on Aprio’s dedicated, FSA Certified team members for clean energy tax credit guidance. We help you select, claim and apply for the right investment and production tax credits that can maximize tax benefits.

FSA Certified Team Leader
FSA Certified Team Leader

What are clean energy tax credits?

Laws governing sustainability and issues effecting the supply chain constantly change. Now is the time for businesses with projects related to clean energy to analyze tax saving opportunities under the Investment and Production tax credits.

Investment Tax Credit Section 48 / 48E

Provides a tax credit at 6% or 30% for businesses investing in properties that generate electricity using clean energy. If certain requirements are met, businesses can earn an additional 10% to 30% in bonus tax credits.

Investment Tax Credit Section 48C

Offers an allocation tax credit starting at 6% or 30% for businesses that invest in advanced energy.  This application-based tax credit provides accepted businesses up to three years of certification.

Production Tax Credit Section 45X

Allows a tax credit up to 10% of the production cost depending on the type of product a business manufactures. The production credit is set to expire in 2032.

Semiconductor Manufacturing Investment Tax Credit Section 48D

Allows a tax credit of 25% for a qualified investment in the manufacturing of semiconductors or the equipment used to manufacture semiconductors.

How we can help

The complex and lengthy list of qualifying categories causes many companies to give up on claiming sustainability tax credits. Aprio helps ease the burden, guiding you through every step of the process from determining eligibility to implementation. Our sustainability tax services include:

Initial Assessment

A three-step process that includes education on eligibility requirements, a cost-benefit analysis to determine if pursuing the credit process makes sense and a scenario analysis to determine whether the Investment or Production tax credit best suits your business.

Value Calculation & Documentation Support

Calculating the value of the credit to file within your tax return and preparation of supporting documentation for audit* readiness.

Application Process Assistance

Submitting concept papers, filing of the actual application for the Investment tax credit and post-acceptance procedures, including notifications and, if applicable, transferring tax credits.

Tax Governance Structuring

Reviewing tax governance structure and providing recommendations on setting up a tax governance for multi-national companies.

Looking for a dedicated sustainability tax advisor who understands the importance of being proactive?

Schedule a Consultation