Energy Tax Credit Opportunities for Manufacturers

The Schneider Downs Manufacturing Industry Group has created a brief video on current Energy Tax Credits and Incentives available to qualifying manufacturing companies like yours. This video highlights often overlooked energy tax credits that can significantly reduce your tax burden and benefit your bottom line. Topics include best practices before committing to energy-related investments, successful energy credits and incentives for manufacturers, the benefits of a prevailing use study and examples of beneficial incentives. We also discuss the 179D Energy Efficient Commercial Building Deduction, alternative energy credits, changes impacting the Inflation Reduction Act and how to better leverage these incentives.

2:21: Best practices before committing to energy-related investments
3:40: Specific energy credits and incentives that are most successful for manufacturers
5:40: The benefits of a prevailing use study
6:37 Examples of incentives that are most beneficial for energy tax credits and incentives
8:48: Indicators that the 179d Energy Efficient Commercial Building Deduction is a good option
10:13: Types of credits and incentives available for those considering alternative energy (i.e., solar panels)
12:41: Changes that may impact the Inflation Reduction Act
15:09: Why some credits are underutilized in the manufacturing industry and how businesses can better leverage these incentives
16:00: How to maximize your benefits from Energy Tax Credit

The presentation features Charlotte Garraway, Host and Senior Manager of R&D Credits at Schneider Downs Tax Advisors, Stephen Worth, Shareholder at Schneider Downs Tax Advisors, and Dave McGuire, Co-Founder of McGuire Sponsel. For more information on Energy Tax Credits or our Manufacturing Industry practice, contact us at [email protected].