Tax Credits

When available, energy-related tax credits are generally provided for renewable projects. TE Fusion readily identifies and capitalizes on these direct reductions to the client’s tax bill to enhance the economic viability of its renewable solutions. Recently, many previously expired Energy Tax Credits were fully restored retroactively with geothermal, wind and fuel cells extended through 2021 to match solar. There are significant tax credits for 30% of the costs of certain major renewable energy installations. These credits are unlimited and include labor on installation for items like solar water heaters and panels, geothermal heat pumps, small wind turbines and fuel cells.