Individuals and businesses that invest in renewable energy assets are eligible for federal and State of Hawaii tax credits and incentives. Schlissel & Associate’s Tax Credits Group provides a full complement of federal and State of Hawaii energy tax credit and incentives consulting services. With Hawaii’s Renewable Energy Technologies Income Tax Credit at 35 percent, and refundable, the investors return on their renewable energy investment is significantly higher than similar investments in other jurisdictions. Our team can assess your eligibility, structure the investment and prepare the income tax return filings to claim the tax benefits to ensure you receive your expected return on your investment.

Schlissel & Associate’s Tax Credits Group has significant experience representing investors, landowners, business owners, EPC Contractors and syndicators in the nuances of the Hawaii Renewable Energy Technologies Income Tax Credit and federal energy credits.

What federal energy tax credits and incentives are offered?

• Investment tax credit (“energy credits”) for qualified energy property (e.g., solar, fuel cell, small wind energy property, geothermal, micro-turbine)
• R&D tax credits attempt to develop or improve your energy-related products or processes
• Treasury Department energy grants for renewable energy producers and for manufacturers of products used to produce renewable energy
• IRC Sec. 179D deduction for owners of energy-efficient commercial buildings
• IRC Sec. 179D deduction allocated to designers of energy-efficient governmental facilities and public school buildings

What state and local energy tax credit incentives are offered?

• State of Hawaii Renewabele Energy Technologies Income Tax Credit consulting and tax return preparation
• General Excise Tax consulting.
• Other State of Hawaii tax credits and incentives for renewable energy investors.

Talk to our team today and see what energy investment tax credits and incentives may still be available to you.