Energy Incentive Credits for Contractors (07.22.24)

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The Rise of the Climate Economy and how Contractors can benefit from available Energy Incentives and Other Credits and Incentives

Congress recently passed unprecedented energy legislation ushering in the upcoming Climate Economy.  During this session you will learn about the Climate Economy and available energy incentives and other business credits and incentives that apply to businesses and some incentives for tax exempt organizations. Each of these provisions have specific target audiences, benefits, and unique characteristics, which are valuable financial tools for the construction industry.
Learning Objectives: 

•          Introduction to potentially $1.7 trillion in energy incentives within the Inflation Reduction Act of 2022. 
•          Review the Inflation Reduction Act enhancements of the Residential Energy Credit (Section 45L) and Building Energy Deduction (Section 179D). 
•          Outline examples of how energy incentives can be implemented into your tax cashflow strategy. 
•          Review the new and improved Clean Energy Investment Tax Credit (Section 48) how it applies to those renovating and building new facilities. 
•          Connect the energy incentives in recent legislation with your Sustainability and Environmental initiatives. 
•          Learn about ways to market and create value for your sustainable and energy efficient design specifications as they relate to those energy incentives available to your clients.
•          Explore ways to reduce the first cost and increase profitability of your projects through various tax credits and deductions.
 
Instructor: Mark Rogers, Principal, Business Credits & Incentives
Mark has over 19 years of experience helping taxpayers identify and implement tax-saving strategies made available through building, acquiring, renovating and designing property. And now, courtesy of the Inflation Reduction Act, Mark is helping nonprofits and exempt organizations monetize energy incentives to help their funding.  As a leader in the Business Credits & Incentives arena, Mark oversees a national team of CPAs, Professional Engineers, energy modelers, LEED professionals, architects, HERS raters and construction specialists. The BCI group has professionals with wide industry experience performing Research & Development, fixed asset planning, 179D energy deduction, cost segregation, 45L energy credit, 45Q CCS credit, tangible property regulations and construction tax planning studies.