Government incentives may help your sustainability initiatives achieve the return on investment (ROI) your shareholders demand. Crowe Horwath LLP offers optimization and feasibility studies and assistance with sustainability tax planning and compliance. Knowing the full range of incentives can help you adequately assess your total cost of sustainability.
How do you make sustainability more economically viable?
Solar. Wind. Geothermal. Recycled materials. Biomass. A cascade of information is being presented in advancement of sustainable development.
Rising energy costs and customer demands are forcing businesses to evaluate their sustainable business practices. How do you navigate through the alternatives – and at what cost?
An objective and independent financial adviser, with knowledge of tax incentives at the state, local, and federal levels, can help you evaluate the total costs and identify projects that can achieve ROI.
Tax benefits help “LEED” the way cost effectively.
As an example of the type of consultation our team can provide, consider the following: Crowe tax consultants understand the Leadership in Energy and Environmental Design (LEED)® Green Building Rating System™. Our tax professionals confer with building design teams to discuss improved ROI, either for new structures or new systems (for example, solar or geothermal) in existing facilities.
Certain LEED categories and points are much more productive than others in terms of tax incentives. Crowe’s experts can help you identify the LEED categories and points that provide the biggest tax benefits.
Full range of sustainable tax planning and compliance services
Crowe’s sustainability tax services run the gamut from planning to compliance and after-completion reviews of green initiatives:
- Optimization and feasibility studies. Crowe provides an objective and independent economic analysis of your sustainable business practices in either the pre- or post- implementation stage and assists you in identifying the optimal portfolio of incentives tailored to your business.
- Compliance services. Crowe has the resources to assist with certification to qualify for tax benefits and other incentives.
- Sustainability incentives review. Crowe can help you identify unclaimed benefits for projects that have already been completed.
- Assistance with site selection. How do the available sustainability incentives affect your site selection decisions?
- Research and experimentation credits. Federal and state research credits may be available for cutting-edge or patentable sustainability efforts.
What tax incentives are available?
Although too numerous to list in detail, federal and state tax benefits are available for the following activities:
- Adoption of alternative energy sources (photovoltaic, wind, biomass, etc.);
- Production of alternative fuels;
- Use of alternative-fuel vehicles;
- Recycling efforts/Reduction of waste stream;
- Pollution-control devices;
- Manufacturing of products from recycled materials;
- Installation of energy-efficient devices; and
- Many more.
These incentives can take many forms, such as:
- Investment credits;
- Production credits;
- Accelerated depreciation;
- Consumption-based credits;
- Property tax reductions or abatements; and
- Sales tax exemptions.
Crowe leads the way.
Crowe provides a multidisciplinary team to deliver incisive advice with regard to your sustainability initiatives. Our professionals call in experienced team members – whether specializing in risk, performance, tax, the construction industry, the public sector, finance, or insurance – to assess the most promising options and propose solutions.
Crowe is one of the nation’s 10 largest providers of consulting and public accounting services. Our experience in sustainability is complemented by our firm’s depth and breadth of services in assurance, financial advisory, performance, risk consulting, and tax.
LEED and Green Building Rating System are either trademarks or registered trademarks of the U.S. Green Building Council.
