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About

What We Offer

Clearsun Power provides tax relief opportunities by acquiring income-generating, tax-advantaged assets across solar production, hydrogen production, hydrogen storage and dispensing, and fuel cell technologies, helping clients with large tax liabilities significantly reduce their taxes through renewable energy properties that generate tax credits and 100% bonus depreciation.

 

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Who We Serve

At a fundamental level, we help individuals and entities with large tax liabilities significantly reduce their tax burden, working with high-earning clients while also collaborating closely with tax attorneys, CPAs, wealth managers, and other professional advisors who seek compliant, high-ROI tax strategies for their clients.

 

 

High-income
earners

Capital Gains Investors

Family Offices & Trusts

Professional
Advisors

Benefits

100% bonus depreciation deduction
Pursuant to 26 U.S. Code § 168(k)

40% tax credit
Pursuant to 26 U.S.C. § 48 and § 48E

Clients typically realize approximately a 100% cash-on-cash return on down payment amount within the first year. For each dollar put down as a down payment, the renewable energy project will typically generate two dollars in tax savings.

 

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FAQ’s

 

Clearsun Power offers renewable energy properties referred to as ENERGY STORAGE TECHNOLOGY (EST PROPERTY). EST property stores electric power, much like a battery, that may be used on demand by the client. EST Property consist of Solar, Electrolyzers, Storage Equipment and Fuel Cells.

  1. Tax Credit – 40% Tax Credit
    1. The Energy Credit under 26 USC 48E is a specific tax code provision which includes Energy Storage Technology property.  The purchase of an EST property is incentivized by an allocation of tax credits.  The Taxpayer may use the tax credits as a dollar-for-dollar credit against income tax owed.  The base tax credit rate is 30% for qualifying EST property.  Additional tax credits may be allocated if the Energy Property complies with other code provisions.  An additional 10% tax credit is allocated to the EST property cost basis if at least 40% of the total cost of equipment is attributable to “domestic content” meaning 40% of the material or equipment cost was produced or manufactured in the United States.
  2. Depreciation Deduction – 100% Bonus Depreciation
    1. Depreciation under 26 USC 168(k) is a method of cost recovery that applies to many types of property, including EST property.  When a Taxpayer purchases an EST property that is used in a trade or business, the Taxpayer may recover the cost basis of the property by taking a depreciation deduction against taxable income over a period of years.  The depreciation deduction reduces taxable income, which then lowers the Taxpayer’s income tax liability.
    2. When a depreciation deduction is taken, section 50(c )(3), requires that the cost basis of the EST property is reduced by 50% of the tax credit allocated meaning that a 40% tax credit would cause a reduction of the depreciable cost basis of the EST property by 20%.  The remaining 80% of cost basis is used as a depreciation deduction.

EST property generates income from equipment rental and the sale of electricity.

  1. Clearsun Power designs, develops and constructs EST property.
  2. An investor includes an Individual, LLC, Corporation, Trust, Estate or Foundation.
  3. The EST property is a trade or business activity which is sold to the investor.
  4. The property is financed with a cash down payment and a recourse purchase money note
  5. When an investor buys an EST property the investor reports the purchase on his tax return and is allocated a tax credit and is also able to depreciate the property.