Federal Energy Tax Credits and Incentives for Nonprofit Organizations

This session will provide an overview of certain Federal tax energy credits for businesses and related incentives for nonprofit organizations.  The session will include an update on how the Inflation Reduction Act has modified how these incentives will be paid to tax-exempt organizations and explain how these developments have created opportunity for exempt organizations to receive direct payments for investments that reduce their carbon footprint.

Learner outcomes

• Explain the basic concepts of Federal tax energy incentives 
• Identify activities that may qualify for energy incentives under the Inflation Reduction Act 
• Demonstrate how the Inflation Reduction Act has created an opportunity for exempt organizations 
• Plan for converting this new opportunity into tangible benefits 
   

Kim Scifres, CPA: Ms. Scifres has more than 35 years of experience serving tax-exempt organizations including complex health care organizations, credit unions, private foundations and various other not-for-profit organizations.  In addition to providing tax services, Ms. Scifres has significant experience conducting Community Health Needs Assessments (“CHNA’s”) for healthcare organizations.  She has completed hundreds of CHNA’s over the last fifteen years.
 

Mallory Fairless, CPA: Mallory is a Partner in Crowe’s National Exempt Organization Tax Services practice.  Boasting over 18 years of dedicated service, she has spent her entire career working with exempt organizations at Crowe. Her career has been marked by leadership in compliance and consulting for a diverse range of entities, including national and regional health systems and higher education organizations.