Power and Utilities Tax Incentives

Energy waste in the United States costs business owners billions of dollars every year. It is for this reason that the federal government is finding more efficient and reliable ways to produce electricity. Cogeneration, or Combined Heat and Power (CHP), facilities produce heat and power in one single process. By combining these two processes, CHP systems release less heat into the atmosphere, drastically reduce energy costs, and are overall more reliable for businesses. Due to the economic and environmental benefits of these systems, federal and state tax incentives are now in place to encourage the use of CHP systems or other energy efficient solutions.

Through our long history of serving multiple cogeneration power facilities in Florida, we have found the state laws to be generally different from the laws governing manufacturing facilities. We at Brown & Associates are very knowledgeable with the tax laws governing the Power and Utilities industry. Our cogeneration power plant clients have received large refund amounts and training that is specific to the industry state and local tax laws extending the savings into the future.

Are you taking advantage of tax incentives available for power and utility companies? Contact us today to start maximizing your year-to-year tax savings.