Recent IRS Rulings Result in Favorable Outcomes for Energy Conservation Taxpayers

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This blog is a re-posting from January 2011

As taxpayers move to renewable energy technologies, the income tax consequences are important considerations.  For business taxpayer’s, qualifying tax credits may substantially reduce the cost on taxpayers’ investments.  In other circumstances, utilities or governmental units may offer incentives to install systems at no cost to the taxpayers.  In recent private letter rulings, the IRS addressed these matters, and ruled in favor of taxpayers in the area of energy conservation.

We have posted a summary of these rulings here on our website.


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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