GoodEnough Energy’s Post

Our quarterly summary of the major energy tax updates - this time for Q3- just in time to move on to all of the expected guidance this month. #inflationreductionact #energy #tax Visit us at www.HKIRALibrary.com

The third quarter of 2024 saw continued developments as a result of the enactment of the #InflationReductionAct, as well as key federal agency announcements. Read our Renewable and #AlternativeEnergy #Tax team's latest Eyes on #Energy Tax Update for analysis of the latest shifts in the energy tax landscape: https://bit.ly/3OGQCQD #renewableenergy #cleantechnology #taxcredits Amish Shah | Nicole M. Elliott | Brad Seltzer | Elizabeth Crouse | Roger Aksamit | Joshua Odintz | Lee Meyercord | Ryan Phelps | Ken Parsons | Daniel Strickland | Bryan Marcelino | Mary Kate Nicholson | Alex Lewis, J.D./CPA | Sanaa Ghanim | Rachel Provencher

People are asking, “Are solar batteries worth it?” while forgetting that the price of home solar energy storage systems can be reduced with government-backed programs and incentives such as SGIP.  The Inflation Reduction Act (IRA), was officially enacted in the US in August 2022. The IRA offers a 30% federal tax credit for certain home batteries, letting homeowners offset their federal income tax obligations within the year they purchase their system.  As an example of the above, if you got a solar battery unit priced at $10,000, you could possibly claim a tax deduction of $3,000. #EPCube #CanadianSolar #SolarPower #GreenEnergy #Sustainability #solarbatteries

Excited to share an article from Canary Media Inc. highlighting Black Bear Energy Inc., a Legence Company, and clean-energy finance company, Evergrow’s first successful #solar tax credit transfer, underscoring the precedent this sets for future tax transfers in #CommercialRealEstate. Read more for the benefits awaiting REITs. #WeAreLegence #RenewableEnergy #RooftopSolar 

Are you tired of #Loadshedding and high taxes? Here's a solution! 💡 Invest in solar panels and enjoy a 25% tax rebate on the cost of your PV panels (up to R15,000). Not only will you reduce your reliance on the grid, but you'll also save on your tax bill! ✅ Learn more about how to qualify and claim this incentive in our latest blog post 👇 👇 https://lnkd.in/d-TqptCb #TaxTim #SARS #eFiling #SolarPower #TaxSavings #LoadShedding #RenewableEnergy

American Tax Exchange: Your Go-To Partner for Tax Credits and Tax Equity Leading the Way in Renewable Energy Financing: This year alone, 75% of our transactions have come from wind, solar, storage, and solar-plus-storage projects. Our expertise in navigating complex tax incentives has made us the trusted partner for developers seeking to capitalize on these opportunities. What We Offer: 1. Tax Credit Monetization • We help you unlock the value of federal and state tax credits, including: • Investment Tax Credit (ITC) • Production Tax Credit (PTC) • 45Q and 45Z Credits for low-carbon projects 2. Tax Equity Financing • We connect you with investors who provide tax equity, bridging the financial gap and ensuring your project moves forward. 3. Bridge Loans and Turnkey Solutions • Our bridge loans provide immediate cash flow, while our turnkey services, backed by CPA support, streamline the entire process from funding to compliance. 4. Comprehensive Support for Renewable Projects • Whether you’re building wind farms, solar arrays, or energy storage systems, we ensure you maximize every incentive available, enhancing ROI and project viability. #RenewableEnergy #TaxCredits #TaxEquity #SolarEnergy #WindEnergy #EnergyStorage #CleanEnergyFinance #Sustainability

IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits Direct-pay-eligible entities eligible for direct pay include local governments, public school districts, tribes and territories, the District of Columbia, Alaska Native Corporations, the Tennessee Valley Authority, rural electric cooperatives, and any tax-exempt organizations such as nonprofits, churches and hospitals. The regulations expand on an Inflation Reduction Act provision that allows entities with little to no federal tax liability to benefit from clean energy tax credits via direct pay instead. The regulations allow for partnerships between a direct pay eligible entity and for-profit developers, as well as partnerships between multiple direct pay eligible entities. “In response to comments received, the final regulations clarify that eligible co-ownership arrangements can be organized to own and operate property giving rise to any of the Inflation Reduction Act credits where elective pay is available,” Treasury said. “It also enables such arrangements to invest in clean energy projects through a noncorporate entity.” TNi Energy-BESS 18HR LDES, we've innovated a proprietary technology repurposing recycled lead-acid batteries, extending their life span to 25 years for C1 to C20 Energy Storage purposes. Previously, the industry lacked a safe and environmentally conscious alternative to lithium | sodium-ion batteries. However, our proprietary technique reveals that lead-acid batteries are not only SAFER but also 60-75% more cost-effective than their hazardous counterparts. Made in the USA. LCOS = .42 kW/h #TNiEnergy,#LDES,#C1toC20,#nebulositycloud,#LDESS.Energy #CHP, #PFAS, #BESS,#C3Energy, #ZEROemmissions, #ZEROcarbon, #energytransistion, #LeadAcidBattery, #windpower, #solarpower, #VPP, #MicroGrid, #DERM, #HydroPower, #BitCoinMining, #AIDataCenter, #EmpowerITTechEnergy,

Green Energy Credits: Explore available tax credits for investments in renewable energy sources, such as solar panels. AskMrInsurance.ca #DollarTaxClub #MrTaxes #SmallBusinessTaxes #CorporateTaxServices #Compliance #InsurancePolicy #LifeInsurance #MrInsurance #MaximizeSavings #BritishColumbia #Alberta #Ontario #TAXES #TAXTIP #WEALTH #Tax #accountant #CPA #finance #financetip #taxtip #wealth #TaxReturn

Nice read on how Americans are using the Inflation Reduction Act #IRA to reduce their home energy use with #solar, #heatpumps, etc. Great it is working for people while at the same time helping support and create #American #jobs. Smart #energy and #industrial policy. https://lnkd.in/e4Hnugj4

Important Details You Need to Know About Home Solar Tax Credits Learn key facts about home solar tax credits, eligibility, and benefits to make informed decisions and maximize your solar savings. https://lnkd.in/gs-eQbR9 #Tax #greenliving #HomeSolar #RenewableEnergy #SolarSavings #solartaxcredit