Green Energy Tax Services – Service Offerings
BDO’s Green Energy Tax Services practice provides a full complement of energy-related tax and consulting services. Our team is comprised of experienced tax professionals, and licensed engineering and architectural consultants with extensive experience in areas of State and Local Taxes, Cost Segregation and R&D Tax Credits.
BDO’s Green Energy Tax Services offerings include:
- Identify available federal, state and local energy tax credit incentives
- Negotiate and secure these incentives
- Advise on and forecast activities that stand to benefit from tax incentives
- Obtain the necessary technical and engineering certifications
- Obtain LEED ® certification
- Identify and support R&D tax credits for federal and state investments
What are the Federal Energy Tax Credit Incentives?
- R&D tax credits attempt to develop or improve energy-related products or processes
- Production tax credit for energy produced from renewable resources (e.g., solar, fuel cell, geothermal, wind, biomass)
- Energy investment tax credit for qualified energy property (e.g., solar, fuel cell, small wind energy property, geothermal, microturbine)
- Treasury Department energy grants for renewable energy producers and for manufacturers of products used to produce renewable energy
- Accelerated depreciation for alternative energy and biomass property
- IRC Sec. 179D deduction for owners of energy-efficient commercial buildings
- IRC Sec. 179D deduction allocated to designers of energy-efficient governmental facilities and public school buildings
What are the State and Local Energy Tax Credit Incentives?
- State and local tax credits and grants related to renewable energy production
- Tax credits for energy-efficient commercial buildings
- Rebates from local utilities and development authorities for energy-efficient improvements
- R&D tax credits for attempts to develop or improve energy-related products or processes
- Brownfield credits
When do Businesses Qualify?
Most businesses that make investments in the following activities stand to benefit from federal, state and local energy tax credit incentives:
- Constructing new facilities or improving existing facilities using energy efficient technologies
- Obtaining LEED ® certification for new or existing buildings
- Producing renewable energy
- Manufacturing equipment and products that are used to produce renewable energy
- Conducting research and development or improving processes that relate to energy efficiency, environmental improvements and pollution control
- Cleaning up environmentally-challenged properties
