Unlock the Power of Renewable Energy with the Investment Tax Credit (ITC)

We help businesses take full advantage of the Investment Tax Credit (ITC)—a key federal incentive that can significantly reduce the costs of adopting renewable energy technologies for your company. Whether you're looking to cut energy costs, enhance sustainability, or boost long-term savings, the ITC offers a golden opportunity to maximize your investment in renewable energy while offsetting your costs of implementation.

What is the ITC?

The Investment Tax Credit, expanded under the Inflation Reduction Act (IRA), offers businesses up to a 30% tax credit on renewable energy installations, including solar photovoltaic (PV) systems and battery storage. With potential adders that can increase the credit by up to 30%, the ITC is a cornerstone of renewable energy investments.

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Key Features of the ITC

  • Claim 30% of your renewable energy system's cost as a tax credit.

  • Add up to 30% for domestic content, energy community projects, and low-income housing initiatives.

  • Solar PV, solar thermal, BESS, fuel cells, wind turbines, geothermal, CHP, backup power, and more.

  • Choose between direct ownership (CAPEX) to claim the full ITC and depreciation benefits or a PPA to enjoy immediate energy savings without the upfront costs—where the system owner claims the tax incentives.

  • Accelerated depreciation, including 100% percent federal bonus depreciation in year one, enhances tax savings and improves overall project economics.

Where could your ITC dollars go?

With ITC savings, you can reduce your upfront costs on a wide range of clean energy technologies, including solar panels, EV chargers, geothermal systems, and more. MAG Energy helps you make the most of your ITC dollars by customizing solutions that align with your financial and operational needs.

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Thermal Storage
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Solar
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Hydrogen
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Mechanical
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EV Chargers
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Geothermal
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Biomass
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Battery Energy Storage Systems

How MAG Energy Helps You Maximize the ITC

MAG Energy creates a custom strategy that seamlessly integrate the ITC benefits into your business’s sustainability goals. From detailed feasibility studies to optimized system design, we ensure your renewable energy project aligns with your sustainability and financial goals.

Choose between direct ownership (CAPEX) for full ITC and depreciation benefits or let MAG Energy install and maintain the system through a PPA for immediate savings without upfront costs.

Custom CAPEX and PPA Solutions

Our team specializes in navigating complex federal and state incentive programs, ensuring you capture every available credit and rebate.

Expert Navigation of Financial Incentives

Achieve your ESG (environmental, Social, and Governance) goals, reduce your carbon footprint, and secure long-term energy savings—all while benefiting from federal tax incentives.

Sustainability Meets Savings

Your partner in maximizing the ITC

Navigating the ITC can be complex. Schedule a consultation with MAG Energy to discover how your company can leverage this program effectively for maximum financial and environmental benefit.