Combined Heat & Power (CHP)

Optimize your investment in combined heat and power (CHP) systems with transferable tax credits. At Mickelson & Company, we specialize in securing and managing these credits, ensuring you reap maximum financial benefits from your CHP installations that qualify.

At Mickelson & Company, we excel in monetizing transferable tax credits for combined heat and power (CHP) systems that enhance operational efficiencies and offer significant financial returns. CHP systems are recognized for their ability to generate at least 20% of their output as thermal energy and another 20% as electrical or mechanical power, with an overall energy efficiency exceeding 60%.

This high-efficiency level qualifies them for substantial tax credits under current energy policies. Our role is to ensure that your CHP installation qualifies for transferable tax credits and that you are positioned to efficiently and reliably transfer this tax credit. This transferability allows you greater flexibility in managing your financial assets, making CHP an attractive option for forward-thinking businesses aiming to improve their energy solutions while optimizing fiscal outcomes.

We guide you through the entire process, from the initial eligibility assessment to the strategic management of credits, maximizing their impact on your bottom line.

Investment Tax Credit* May Increase Based on Meeting Additional Requirements

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Safe harbor met if construction start date is prior to January 29, 2023

Meet (or receive exemption from) labor requirements (apprenticeships and prevailing wage)

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Safe harbor met if construction start date is prior to January 29, 2023

Meet (or receive exemption from) labor requirements (apprenticeships and prevailing wage)

Project that: is located in an “energy community” OR meets domestic content requirements

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Safe harbor met if construction start date is prior to January 29, 2023

Meet (or receive exemption from) labor requirements (apprenticeships and prevailing wage)

Project that: is located in an “energy community” AND meets domestic content requirements

*To be eligible for an ITC construction must begin before 12/31/2024

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CASE STUDY

A partnership powering progress at Siouxland Energy.

Siouxland Energy Cooperative (“Siouxland”) is a rural cooperative owned by 395 farmer members headquartered in Sioux Center, Iowa. Siouxland operates an ethanol production facility built in 2007 producing nearly 63 million gallons of ethanol annually. In addition, Siouxland produces high-value feed co-products, wet distillers’ grain, syrup, and corn oil. The co-products are sold to nearby beef and dairy operations, which allows Siouxland to not need to dry the co-products, which significantly reduces energy costs to the plant. In March of 2024, Mickelson & Company assisted Siouxland with placing their combined heat and power Investment Tax Credit. 

“Siouxland has developed a great partnership with Mickelson & Company and look forward to continuing our relationship for our future credits. We appreciate their deep expertise of transferable tax credits and structuring to ensure everyone involved in the transaction is happy with the process and outcome.”

JEFF ALTENA
CEO of Siouxland Energy Coopertive

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Reach Out To Our Experts

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