Your energy transition

Leverage incentives and tax credits to accelerate your energy transition

Imagine a world where you could lower operating costs and gain tax incentives, while simultaneously delivering on ESG reporting regulations and net zero goals.

The energy transition will likely enable breakthrough improvements in the sustainability of operations, products and supply chains.

The resultant reduction in energy demand could lead to significant savings for companies. Case in point: Research from PwC and the World Economic Forum show that the potential of demand-side energy action is extraordinary, offering a short-term, cost-efficient 31% reduction of demand without loss of output, shared across all economic sectors.

And, when it comes to the cost of getting it done, there’s a conservatively estimated $370 billion in federal clean energy incentives.

Read on for critical considerations for your company.

Energy costs savings and tax incentives

Gauging the types of costs associated with different sources of renewable energy is critical. To get there, begin by assessing the upfront investment, operational expenses, maintenance costs, and potential returns that can increase the benefits of renewable energy, while reducing risk.

This type of analysis should also identify grants, incentives, and tax credits that may be available to offset the significant cost of transitioning to renewable energy sources, which were made available when the Inflation Reduction Act (IRA) was signed into law on August 16, 2022. Modeling is often useful to account for these factors, and others, to assist decision makers in developing a picture that reflects what energy transition may look like for them. What’s more, is that your energy transition can support delivering on net zero goals that may have been promised to shareholders.

PwC’s specialists can help you navigate this complexity, potentially accelerating the benefits from your transition to a more sustainable energy future.

The changing disclosure landscape

As the demand for renewable energy grows, governments and regulatory bodies are implementing stricter guidelines for reporting and disclosing information related to renewable energy projects. This confirms that reliable data can be available to investors, consumers, and other stakeholders, enabling them to make informed decisions and assess the environmental and social impact of renewable energy initiatives. Understanding these disclosure requirements is important to encourage trust, foster responsible investment, and help drive the transition to a more sustainable energy sector. Interested in learning more about regulations like the SEC’s climate disclosure rule, CSRD and California’s state climate bill? Learn more here.

PwC has a team of specialists dedicated to understanding these requirements and is here to help you navigate the changing disclosure landscape.

How we can help

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The intersection of Tax and Sustainability: move from theory to action

Understanding the opportunities

  • Gain an understanding of the US tax, legal and regulatory environment including overall impact to your sustainability strategy
  • Develop a business plan, evaluate capital expenditures and model financial impacts of spending or investment
  • Evaluate how location, sourcing, and employment can impact incentives available for qualified technologies

Key players

  • Companies spending CapEx on a project
  • Tax-exempt organizations
  • Clean energy developer/sponsor
  • Domestic (US) investor
  • Inbound (non-US) investor
  • Institutional investor
  • Credit buyers (private equity, REITs, corporations with tax attribute appetite)
  • Credit sellers (small business owners, high net-worth individuals, clean energy developers, investors, taxpayers in a net operating loss position)

Staying in the game

  • Develop a plan for finance, investment, and/or transferability options
  • Manage the daily operations of the project to confirm compliance with ongoing requirements
  • Adopt a process that utilizes technology to capture and maintain documentation throughout a project’s lifecycle
  • Monetize certain federal and state tax credits, grants, and other incentives
  • Reduce cash tax with accelerated depreciation benefits and preferred cash distribution
  • Navigate ongoing complexities of maintaining compliance under new rules

Acting on the opportunities

  • Construct a green energy project
  • Invest in a green energy project
  • Monetize a green energy project



Contact us

Jason Becker

Partner, Dallas, PwC US


Thomas Hylton

Partner, New York, PwC US


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