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Business Journals
03-06-2025
- Business
- Business Journals
How businesses can maximize clean energy incentives
In a recent discussion hosted by the Houston Business Journal, Traci Pelter, president and publisher, spoke with Devin Hall, managing partner for energy at Crowe LLP, to delve into the transformative impact of federal clean energy tax credits on businesses and not-for-profits. Key takeaways: 1. Expanding access to clean energy incentives The Inflation Reduction Act of 2022 has broadened the scope of clean energy tax credits, making them accessible to a wider range of entities, including not-for-profit organizations. These incentives come in two primary forms: Investment tax credits (ITCs): Based on the amount invested in qualified clean energy properties Production tax credits (PTCs): Tied to the volume of energy produced by eligible systems Notably, not-for-profits now can benefit through a "direct pay" option, allowing them to receive cash payments equivalent to the credit value, thereby monetizing their investments in clean energy projects. 2. Navigating complex compliance requirements While these credits offer substantial benefits, they come with intricate compliance obligations. Organizations must adhere to specific criteria, such as prevailing wage standards and apprenticeship requirements, to qualify. Hall emphasized the importance of engaging knowledgeable advisers to navigate these complexities and verify proper documentation, especially in anticipation of potential IRS audits. 3. Emerging market for transferable credits A significant development is the emergence of a market for transferable tax credits. Entities with substantial tax liabilities can purchase these credits at a discount, providing liquidity to developers and flexibility to buyers. Hall said this market has expanded rapidly, with estimates suggesting that $25 billion in tax credits were transferred in 2024 alone. 4. Stimulating domestic manufacturing The incentives also are driving a resurgence in U.S.-based manufacturing. Companies are relocating production facilities to the United States to capitalize on these credits, leading to increased investments in solar panel manufacturing, battery storage, and related components. Texas, in particular, is witnessing a surge in such activities, bolstering local economies and job creation. Strategic implications for stakeholders Businesses and not-for-profits aiming to use these tax credits should: Engage expert advisors: To navigate the complex eligibility and compliance landscape Maintain thorough documentation: To substantiate claims and prepare for potential audits Explore credit transfer opportunities: To optimize financial strategies and liquidity Monitor policy developments: To stay informed about evolving regulations and opportunities As the clean energy sector continues to evolve, these tax credits represent a pivotal tool for fostering innovation, sustainability, and economic growth across various industries. Crowe LLP is a public accounting and consulting firm that uses its deep industry expertise to provide audit, tax and consulting services to public and private entities. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world. To learn more, visit
Business Journals
16-05-2025
- Business
- Business Journals
2025 Residential Real Estate Awards: Small Teams
Editor's note: Houston Business Journal gathered surveys from Houston-area Realtors and used their gross sales numbers to rank them on these Lists. Results were reviewed by the Houston Association of Realtors using transaction reports from the brokerages. In addition, a designated official from each brokerage had to sign off on the submitted documentation. Houston Business Journal cannot independently verify the information included in this List. Includes teams with 10 members or less. Houston Business Journal obtained information from company representatives. Some companies did not respond to inquiries. In case of ties, total transaction sides is the secondary ranking.
Business Journals
02-05-2025
- Business
- Business Journals
2025 Heavy Hitters: Land
Houston Business Journal obtained information from company representatives. HBJ cannot independently verify the information included in The List. Some companies did not respond to inquiries; we rely on businesses to provide accurate data. In case of ties, companies are listed by last name.
Business Journals
02-05-2025
- Business
- Business Journals
2025 Heavy Hitters: Office Tenant Representation
Houston Business Journal obtained information from company representatives. HBJ cannot independently verify the information included in The List. Some companies did not respond to inquiries; we rely on businesses to provide accurate data. In case of ties, brokers are listed by square footage.
Business Journals
02-05-2025
- Business
- Business Journals
2025 Heavy Hitters: Industrial
Houston Business Journal obtained information from company representatives. HBJ cannot independently verify the information included in The List. Some companies did not respond to inquiries; we rely on businesses to provide accurate data. In case of ties, brokers are listed by square footage.
