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With evolving regulations under the Inflation Reduction Act and local mandates like New York City's LL 87 and LL 88, developers, property owners, and businesses face a growing mix of federal, state, and industry-specific tax programs. From energy-efficient commercial buildings (Section 179D) and residential developments (45L), to the Investment Tax Credit (ITC), cost segregation, and specialized programs like SALT, Historic Tax Credits, and production incentives, the opportunities are substantial, but often underutilized.
This guide breaks down the top tax incentive providers for 2025, categorized by specialty, to help you choose the right fit based on your project type, compliance needs, or industry focus.
Why they stand out: TaxTaker focuses on both federal and state energy-incentive credits including 179D, 45L, the Investment Tax Credit for renewables, and 30C EV charging credits. The firm also pairs Cost Segregation strategies to provide a seamless commercial real estate and energy incentive solution.
Best for: Commercial property owners, developers, and architects who want to cover many incentives under one turn-key tax strategy.
Expertise: RE Cost Seg specializes in cost segregation studies that unlock accelerated depreciation. The firm offers both affordable Rapid Reports and fully engineered studies.
Best for: Real estate professionals who want to front-load deductions and maximize cash flow across various property types. Best known for Airbnb properties and storage facilities.
Strengths: Jennings Denovich is known for producing detailed, audit-resistant cost segregation reports. They also provide expertise in related areas such as 179D deductions.
Best for: Clients that require rigorously documented studies, especially those in compliance-heavy industries. Think complex multi-family, hospitals, corporate franchises, etc.
What they offer: Crux focuses on the growing energy tax credit transfer market. The company helps developers and corporations monetize production-tax credits created under the Inflation Reduction Act.
Best for: Renewable energy developers or businesses seeking liquidity by transferring tax credits. Helpful for engaging even in early scoping of projects.
Expertise: Mantis is a stand out firm that supports compliance with New York City’s Local Law 87 and Local Law 88 programs. These laws require large building owners to conduct energy audits, retro-commissioning, and benchmarking. Failure to comply can result in significant financial penalties over the next decade, depending on address.
Best for: Property owners in New York City that need to comply with LL 87 and LL 88 while seeking opportunities to align compliance with energy savings.
Expertise: True Partners Consulting is a boutique advisory firm with a strong reputation in State & Local Tax (SALT) strategy. Their team helps companies navigate complex multi-state compliance issues, including income, franchise, property, and sales & use taxes.
Best for: Businesses expanding across multiple states that need proactive strategies to minimize SALT exposure and ensure compliance without overpaying.
Strengths: Novogradac is the go-to firm for Historic Tax Credits (HTC), Low-Income Housing Credits (LIHTC), and New Markets Tax Credits (NMTC). Their published guides and thought leadership set the standard for real estate developers pursuing historic rehabilitation projects.
Best for: Developers renovating certified historic structures or those layering HTC with other community development incentives.
What they offer: EP leads the industry in film and television incentive management, providing payroll, financing, and rebate services to production companies. They also maintain the definitive database of global film incentives.
Best for: Studios and production companies looking to maximize rebates, credits, and cash incentives tied to domestic and international filming.
Choosing the right tax incentive partner can significantly impact your financial outcomes — not just in savings, but in how seamlessly and confidently you claim them.
TaxTaker offers a turnkey solution for federal energy credits like 179D, 45L, ITC, and 30C. RE Cost Seg and Jennings Denovich bring technical rigor to cost segregation strategies. Crux helps developers unlock liquidity through transferable credit markets. In New York City, Mantis ensures property owners meet LL 87 and LL 88 requirements while identifying cost-saving opportunities.
Beyond energy-focused incentives, True Partners Consulting helps companies stay ahead of multi-state tax compliance. Novogradac is the trusted name in Historic and community development credits. And for the entertainment industry, Entertainment Partners leads the way in managing film and TV production incentives.
Together, these firms represent a best-in-class lineup for 2025, each one a leader in its domain, and collectively a blueprint for maximizing tax benefits across the full spectrum of commercial real estate, renewable energy, and business incentives.
Ari Salafia is CEO of TaxTaker. She's passionate about helping innovative companies and founders save millions on taxes through government incentive programs. Through her work at TaxTaker, Ari continues to inspire and empower businesses to maximize their savings potential.
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