Many organizations miss out on valuable tax savings by not knowing which tax credits and incentives are available to them. We want to ensure that organizations maximize the potential of all available tax savings opportunities.

Most recently, the Inflation Reduction Act expanded the energy efficiency incentives available to businesses, to now include tax-exempt organizations; creating the rise of the climate economy and Eide Bailly’s Energy Incentive Program.

A few of the more popular incentives include:

• Research & Development Tax Credit – incentive designed to reward innovation and development, including improvement of products and processes. 
• Energy Efficiency Incentives – includes New Energy Efficient Home Credit (Section 45L) and Commercial Buildings Energy-Efficiency Tax Deduction (Section 179D) - these incentives reward building and renovation of energy-efficient projects. 
• Utility Sales Tax Exemption – An evaluation of an organization’s electric and natural gas consumption that can potentially lead to a partial or total state and local sales tax exemption.   
• Carbon Capture Sequestration Credit (Section 45Q) – incentive for capturing and storing carbon produced to reduce emissions in the air. 
• Clean Energy Investment Credits (Section 48) – incentive for installing solar, wind, geothermal, fuel cell, energy storage, biogas, microgrid controllers and combined heat and power energy property. 

Other incentives available include the Employee Retention Credit (ERC), Export Tax Incentives: FDII and IC-DISC, Clean Energy Production Credits (Section 45), Low-Income Housing Credit (Section 42), Cost Segregation, and more.

Valuable Resources for Your Members 

• Identify which tax credits and deductions are right for your organization via our Business Credits & Incentives Assessment
• Discover how Eide Bailly's R&D team saved this company four times their previous credit
• Explore the energy efficiency incentives and the Inflation Reduction Act in this insight
• Energy Incentive Program overview placemat
• Utility Sales Tax Exemption benefit map
• Identify if the R&D tax credit is right for your organization

Request a Resource 

Connect with us to learn what “inspired ideas” we offer to help your members benefit from available tax incentives. From sharing our thought leadership pieces to presenting at an upcoming webinar, meeting, or conference, we want to help you and your members access the right resources to meet their goals.