Clean Energy Tax Credits: What Qualifies and What Doesn't

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Tax in Action: Practical Strategies for Tax Pros

Jeremy Wells, EA, CPA

18 episodes

1 week ago

Join Jeremy Wells, EA, CPA, as he breaks down the complexities of tax law into practical guidance you can apply immediately. Each episode focuses on a specific tax strategy, credit, or compliance issue that matters to tax professionals and business owners. Rather than theoretical discussions, Jeremy delivers actionable insights based on real-world scenarios and current tax regulations. Whether you're navigating Section 1031 exchanges, maximizing research credits, or helping clients with energy tax incentives, this podcast provides the technical details and strategic considerations you need to confidently serve your clients. Perfect for tax practitioners looking to deepen their expertise and business owners wanting to make more informed tax decisions.

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Clean Energy Tax Credits: What Qualifies and What Doesn't

Tax in Action: Practical Strategies for Tax Pros

53 minutes

7 months ago

Clean Energy Tax Credits: What Qualifies and What Doesn't

Solar installations create valuable tax benefits, but determining eligible expenses requires careful analysis. Jeremy Wells breaks down the Residential Clean Energy Credit under IRC Section 25D, explaining which costs qualify, how to handle roof modifications, and when the credit can be claimed. The episode provides essential guidance for tax professionals encountering clean energy improvements on client properties.

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(00:00) - Welcome to Tax in Action
(00:24) - Client's Solar Panel Installation Scenario
(01:54) - Understanding the Solar Tax Credit
(05:22) - Qualifying Properties and Expenses
(12:43) - Business Use and Allocation at Residence
(16:48) - Calculating Qualifying Expenditures
(38:18) - Timing and Reporting the Credit
(43:58) - Summary and Final Thoughts
(52:11) - Conclusion and Next Steps

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https://www.linkedin.com/in/jwellstax
https://www.steadfastbookkeeping.com

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This podcast is a production of the Earmark Media