Our Services
Inflation Reduction Act
Federal tax credits for commercial taxpayers and tax-
exempt entities for clean energy projects
Highlights
- First Service Provider to pioneer the use of IRA Credits
- Successfully secured the first (of many) Elective Payments in the country for our clients completing clean energy projects
- Comprehensive pre-filing and filing services
- Simple Fixed Fee Structure
- Subject Matter Experts work directly with you and your tax professionals to quantify and substantiate IRA Tax Credits
- Expert Team includes Engineers, Tax Attorneys, CPAs, IRS Enrolled Agents, LEED APs
- Our experts are called to present nationally on these incentives
Energy Tax Savers offers a turn-key process with dedicated support throughout the entire lifecycle of your alternative energy project.
As your tax experts, we have a deep knowledge of the IRA requirements. We guide our clients every step of the way to secure these tax credits while ensuring project requirements are met.
Our subject matter expertise empowers clients to confidently execute successful projects in the renewable energy market.
Energy Tax Savers is the first green tax firm, we help our clients achieve federal tax incentives aimed at making energy efficient investment as economically viable as possible. We know how to apply the tax law to make building energy efficiency even more profitable.
We represent many of the nation’s major Universities (including Ivy League), School Districts, Cities, Towns, Hospitals and Not-for-profits. We also represent numerous architecture, engineering, ESCOs, design & build firms, and lighting designers.
IRA Overview
In 2022, The Inflation Reduction Act (IRA) was signed into law, making history as our nation’s most significant action towards clean energy and climate change.
The IRA offers 25 different tax incentives, including Alternative Energy Credits which have revolutionized the clean energy sector.
Section 48 & 48E (sometimes called the Investment Tax Credit or the Alternative Energy Credit) encourages the adoption of clean energy technology, sustainable investments, and reduction of carbon emissions.
Section 48 & 48E are available for both commercial taxpayers and tax-exempt entities completing alternative energy projects such as solar, wind, thermal energy storage, and geothermal heat pumps.
Who Qualifies for IRA Tax Credits?
Tax Exempt Organizations via Elective Pay
Direct Pay for State/Local Governments and Non-Profits
Elective Pay (also known as “direct pay” under Section 6417) enables State and Local governments and not-for-profits to receive a tax credit for the first time. *This excludes Federal projects.
Pre-filing registration is required after the project is placed in service. A registration number is received, which goes on the tax return. Energy Tax Savers has filed hundreds of pre-filings and filings for our government and not-for-profit clients.
Taxpayers
Taxpayers involved in the construction, development, or financing of an energy project can claim the tax credit against their federal tax liability.
Taxpayers who own an alternative energy project.
Section 6418 introduces the ability to sell/transfer credits. Excluding government buildings and non-profits. Real Estate Investment Trusts (REITs) can now sell their credits for the first time.
(Pre-registration is required after the project is placed in service.)
How to Qualify for the IRA Tax Credit
Alternative Energy Tax Credits
Do you have a clean energy project completed in 2023 or later?
Tax Credit Bonuses are available – up to 70% of the energy project cost – based on the following project requirements:
- 5x Bonus Credit – 6% to 30%
- Domestic Content Bonus Credit – 2% to 10%
- Energy Community Bonus Credit – 2% to 10%
- Low Income Community Bonus Credit – 10% to 20%
State and Local Governments and Not-for-profits who have completed solar, wind, thermal energy storage, geothermal heat pump projects in 2023 or later– There is a check waiting for you through Elective Pay!
How to Claim the IRA Tax Credit
For Commercial taxpayers, our tax experts can prepare all required documentation including Form 3468 to be submitted with your tax return in the year of the project completion.
For tax exempt organizations, our tax experts can submit the required applications after the project is completed. State and Local Governments and Not-for-profits will receive the required pre-filing registration number. Energy Tax Savers also takes care of filing a Form 990-T to request the direct payment.
EV Charging Station Credit
Alternative Fuel Vehicle Refueling Property Credit – 6% or 30%
The IRA has also extended and modified the tax credit for Electric Vehicle charging stations. Section 30C of the IRA offers tax credits of up to 30% for businesses and individuals who install qualified EV chargers.
Section 6417, Elective Pay, enables State and Local governments and non-profits to receive a tax credit for EV charging projects. Tax Credit Bonuses are available for EV charging projects based on location requirements and prevailing wage and apprenticeship requirements
Commercial Clean Vehicle Credit
Section 45W of the IRA introduces new tax credits of up to $40,000 for the purchase of qualified commercial clean vehicles.
Elective Pay enables State and Local governments and non-profits to receive a tax credit for the purchase of qualified clean vehicles.
Our Value-Added Deliverables
- Complimentary Project Analysis
- Simple, Fixed Fee Structure
- Tax Credit Analysis & Modeling
- Direct Pay Calculations & Pre-Filings
- Guidance Through the Direct Pay Process
- Filing of Form 990-T
Our team provides unparalleled expertise in order to substantiate the maximum IRA credits and ensure its defense. We perform complimentary assessments to estimate your project’s tax credit and provide you with a fixed fee quote.
We work to secure tax credit claims and provide support throughout the entire lifecycle of your project, particularly when prevailing wage and apprentice requirements are involved.
Our process is designed to cater to the unique needs of each project. Consult with our experts to ensure your project meets the necessary requirements for prevailing wage, domestic content, energy community, etc.
IRA Tax Credit Insights
IRA Tax Credit Frequently Asked Questions
Answers to common questions about the Inflation Reduction Act tax credits such as credit amounts and eligible project types.
Educational Webinars
Check out one of our recent educational webinars to learn more about the Inflation Reduction Act (IRA).
Case Studies
IRA success stories that highlight the tax credits awarded for various types of alternative energy projects.
Featured IRA Publications
Explore our publications and articles on how to leverage IRA Tax Credits for a variety of energy projects.
Estimate Your Tax Deduction
Calculate the potential Section 48 tax credit for your alternative energy project. Our IRA Estimator Tool provides a potential tax credit range based on your project details.
Wondering if Your Company Qualifies?
Discover your tax savings with a complimentary IRA Credit assessment from our team of experts.
No two cases are the same, which is why we take an individualized approach.
Speak With Our Tax Experts
Services
IRA Overview
- The first service provider to pioneer the use of IRA Credits.
- Successfully secured the first (of many) Elective Payments in the country for our clients completing clean energy projects
- We work directly with you and your tax professionals to quantify and substantiate IRA credits.
- Comprehensive documentation that stands up to IRS scrutiny
- Team of engineers, Tax Attorneys, CPAs, IRS Enrolled Agents, LEED APs.
- As subject matter experts, we are called to present nationally on these incentives
Energy Tax Savers offers a turn-key process with dedicated support throughout the entire lifecycle of your alternative energy project.
As your tax experts, we have a deep knowledge of the IRA requirements. We guide our clients every step of the way to secure these tax credits while ensuring project requirements are met.
Our subject matter expertise empowers clients to confidently execute successful projects in the renewable energy market.
Energy Tax Savers is the first green tax firm, we help our clients achieve federal tax incentives aimed at making energy efficient investment as economically viable as possible. We know how to apply the tax law to make building energy efficiency even more profitable.
We represent many of the nation’s major Universities (including Ivy League), School Districts, Cities, Towns, Hospitals and Not-for-profits. We also represent numerous architecture, engineering, ESCOs, design & build firms, and lighting designers.
Tax Exempt Organizations via Elective Pay
Direct Pay for State/Local Governments and Non-Profits
Elective Pay (also known as “direct pay” under Section 6417 enables State and Local governments and not-for-profits to receive a tax credit for the first time. *This excludes Federal projects.
Pre-filing registration is required after the project is placed in service. A registration number is received, which goes on the tax return. Energy Tax Savers has filed dozens of pre-filings and filings for our government and not-for-profit clients.
Taxpayers
Taxpayers involved in the construction, development, or financing of an energy project can claim the tax credit against their federal tax liability.
Section 6418 introduces the ability to sell/transfer credits. Excluding government buildings and non-profits
Real Estate Investment Trusts (REITs) can now sell their credits for the first time.
(Pre-registration is required after the project is placed in service.)
Alternative Energy Tax Credits
Do you have a clean energy project completed in 2023 or later?
Tax Credit Bonuses are available – up to 70% of the energy project cost – based on the following project requirements:
- 5x Bonus Credit – 6% to 30%
- Domestic Content Bonus Credit – 2% to 10%
- Energy Community Bonus Credit – 2% to 10%
- Low Income Community Bonus Credit – 10% to 20%
State and Local Governments and Not-for-profits who have completed solar, wind, thermal energy storage, geothermal heat pump projects in 2023 or later– There is a check wait for you through Elective Pay!
For Commercial tax payers, our tax experts can prepare all required documentation including Form 3468 to be submitted with your tax return in the year of the project completion.
For tax exempt organizations, our tax experts can submit the required applications after the project is completed. State and Local Governments and Not-for-profits will receive the required pre-filing registration number. Energy Tax Savers also takes care of filing a Form 990-T to request the direct payment.
Alternative Fuel Vehicle Refueling Property Credit – 6% or 30%
The IRA has also extended and modified the tax credit for Electric Vehicle charging stations. Section 30C of the IRA offers tax credits of up to 30% for businesses and individuals who install qualified EV chargers
Section 6417, Elective Pay, enables State and Local governments and non-profits to receive a tax credit for EV charging projects.
Tax Credit Bonuses are available for EV charging projects based on location requirements and prevailing wage and apprenticeship requirements
Section 45W of the IRA introduces new tax credits of up to $40,000 for the purchase of qualified commercial clean vehicles
Elective Pay enables State and Local governments and non-profits to receive a tax credit for the purchase of qualified clean vehicles.
- Complimentary Project Analysis
- Tax Credit Analysis and Modeling
- Direct Pay Calculations & Pre-Filings
- Guidance through the Direct Pay Process
- Filing of Form 990-T for Tax Return
Our team provides unparalleled expertise in order to substantiate the maximum IRA credits and ensure its defense. We perform complimentary assessments to estimate your project’s tax credit and provide you with a fixed fee quote.
We work to secure tax credit claims and provide support throughout the entire lifecycle of your project, particularly when prevailing wage and apprentice requirements are involved.
Our process is designed to cater to the unique needs of each project.
Consult with our experts to ensure your project meets the necessary requirements for prevailing wage, domestic content, energy community, etc.
Inflation Reduction Act (IRA) Overview
In 2022, The Inflation Reduction Act (IRA) was signed into law, making history as our nation’s most significant action towards clean energy and climate change.
The IRA offers 25 different tax incentives, including Alternative Energy Credits which have revolutionized the clean energy sector.
Section 48 (sometimes called the Investment Tax Credit or the Alternative Energy Credit) encourages the adoption of clean energy technology, sustainable investments, and reduction of carbon emissions.
Section 48 is available for both commercial taxpayers and tax-exempt entities completing alternative energy projects such as solar, wind, thermal energy storage, and geothermal heat pumps.
Lessons Learned from the First Year of the Inflation Reduction Act (IRA)
Charles R. Goulding
President
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York