Executive Construction
Making the most of every dollar
$
total tax credit from energy incentives
Nicolet Union High School District wanted to take advantage of new opportunities provided by the Inflation Reduction Act, without spending a significant amount of its potential refund on professional services. But with limited prior experience in tax law, the school district sought specialized help. Nicolet turned to Wipfli to navigate the complex world of tax credits, verify accuracy and secure the refund.
The Challenge
The district had a big project on its hands. It wanted to incorporate sustainable, green energy initiatives into its facilities but ran into a few hurdles. Previously, schools couldn’t access federal tax credits until the Inflation Reduction Act, so this was a new and complicated process that required professional assistance. Nicolet required a partner to confirm that it could maximize the funding received from the federal government.
The Solution
The district contracted Wipfli to provide insight and submit the necessary paperwork to secure a federal tax incentive related to its solar project. Wipfli provided comprehensive support every step of the way. From educating the client on necessary documentation to conducting cost analyses and filing the required tax forms with the IRS, the Wipfli team delivered valuable support. The firm’s turnkey approach meant that the district didn’t have to worry about the federal tax credit submission. Wipfli verified the submission was accurate and compliant, allowing the district to have peace of mind.
I鈥檓 not a tax accountant; it鈥檚 not what I do. I wanted to go after this money, and I was looking for a partner to help me make that happen. With Wipfli, that鈥檚 exactly what I got. The process to request tax incentives from the federal government was quite easy and allowed me to focus on other issues within our school community.
The results
With Wipfli’s help, the district secured $153,000 in tax credits, which made a huge difference to its project budget. The district was able to expand its scope of work and include renovations it hadn’t initially planned, like updating the library with new carpet, furniture and technology. The additional funds allowed the district to create a more inviting and enhanced educational environment for students and teachers alike.
