Inflation-Reduction Act

This is possibly the most comprehensive climate-legislation of our time. What does it mean for (all of) us?

Heartwood is designed to make sustainability accessible for businesses of all sizes, not just governments and corporations. Part of that mission is to provide cutting-edge information around the pertinent sustainability topics. This might just be the most prominent.

Renewable Energy on the Rise

Incentives for renewable energy are being supported by a $369 Billion allocation.

Carbon Credits and You.

Small businesses can now receive “direct pay” for carbon tax credits and clean hydrogen production credits

Taxes, Taxes, Taxes

For businesses with at least 50,000 square feet of space, reducing your carbon footprint can earn between $100,000-$500,000 in tax deductions

Researching and Developing

Small businesses who qualify for the R&D Tax Credit can now claim up to $500,000 in payroll tax reductions, and Tax credits can now be applied to both Medicare and Social Security payroll taxes

Homeowners & Clean Energy

Thousands of dollars in tax credits are available to homeowners who switch to energy efficient products. This ranges from HVAC equipment, efficient appliances to renewables and charging stations

EV Revolution

There are substantial tax credits for personal and commercial electric vehicles, including up to $7500 in tax credits for personal vehicles & up to $40,000 for commercial vehicles (over 14,000 pounds)