Maximizing Clean Energy Tax Incentives for a Public Power Utility
ScottMadden frequently assists organizations with federal funding strategic assessments. Contact us to learn how we can help support your various strategic assessment and planning goals.
Financial Impact
Identified and quantified significant tax credit opportunities through the development of detailed tax credit models across multiple tax provisions, amounting to millions in potential refunds
Legislative Updates
Monitored key legislation, including the One Big Beautiful Bill, to adjust credit values, eligibility, and stacking rules in line with evolving guidance
Compliance Processes
Created and simulated end-to-end processes to meet prevailing wage requirements
Challenge
Our client, a large, public joint-operating agency, faced a unique challenge in navigating tax credits related to the Inflation Reduction Act and the One Big Beautiful Bill. As a historically tax-exempt entity, the organization had not previously filed federal tax returns. When the new legislation introduced a major opportunity to unlock significant value through refundable tax credits, including 45U, 45Y, 48E, and 30C, ScottMadden was engaged to assess credit eligibility across the client’s nuclear, advanced nuclear, and other energy assets and establish new internal processes to support tax filings and prevailing wage compliance.
Process
- Conducted a comprehensive tax credit eligibility and value analysis across multiple asset types, including nuclear, advanced nuclear, and other energy assets
- Advised on a tax filing strategy and supported the transition from non-filer to tax refund recipient
- Developed cross-functional processes for prevailing wage compliance
- Simulated prevailing wage process tasks to test operational performance and identify gaps
Result
- Valued millions of dollars in potential tax credits across eligible energy assets, including nuclear, advanced nuclear, and other energy assets
- Established a practical road map for complying with prevailing wage guidance and maximizing the tax credit values
- Enabled operational readiness by validating compliance procedures before full-scale implementation
Let’s Work Together
We don’t solve problems with canned methodologies; we help you solve the right problem in the right way. Our experience ensures that the solution works for you.