Tax-Advantaged Investment Account
Sunwest Bank Now Offers
Sunwest Bank is proud to offer our clients the opportunity to invest in renewable energy products and take advantage of tax benefits. Tax efficient investing with Sunwest will allow clients with the ability to participate with the bank utilizing cashflow, tax credits, and depreciation benefits.
Learn More Today!
Understanding Tax-Advantaged Investment
Tax-advantaged accounts are designed to help individuals and businesses reduce their tax burden while growing their wealth. This approach leverages specific investment opportunities and financial vehicles that provide tax benefits, such as reduced capital gains tax, depreciation advantages, and many more. By minimizing taxable income or deferring the need to pay taxes, tax-advantaged investments create a more tax-efficient investing experience.
When it comes to renewable energy investments offered at Sunwest Bank, the potential tax advantages are significant. These opportunities not only promote sustainability but also provide meaningful financial incentives, making them an ideal option for individuals and businesses looking to invest smarter and increase tax savings while reducing their environmental footprint.
Stable Monthly Lease Income
Receive a proportional share of the monthly lease payments made by the borrower or from the project. This provides a steady cash flow, helping to offset initial investment costs and reduce reliance on other taxable income streams.
Tax Deductions
Participants can offset active or passive income streams by owning tax credits and depreciation (state and federal). This reduces their tax burden significantly, enabling them to grow their wealth without being overly impacted by annual taxes.
Year 1 Recapture of Capital Exceeding 40%
Investors/participants will receive a pro-rata share of the capital return, achieved through tax credits, depreciation, and cash flow from the leased asset. By reinvesting these returns, clients can further compound their benefits while minimizing their exposure to capital gains tax.
Expedited Bonus Depreciation
Depreciate the asset over 5 years with a 40% allowance in year one (60% in 2024). This accelerated depreciation schedule ensures that investors can quickly recapture a significant portion of their investment, further enhancing their overall returns that are tax exempt.
Take Advantage of Tax-Efficient Investing with Sunwest Bank Today
Opening a renewable energy tax advantaged account through Sunwest Bank not only offers meaningful tax benefits but also empowers you to take an active role in driving sustainable change. By reducing your taxable income, recapturing capital faster, and leveraging our expertise, you can secure a brighter financial future while minimizing the taxes you pay.
We also provide ongoing support, helping you understand how tax credits, depreciation, and capital gains tax impact your investments. By partnering with Sunwest Bank, you’ll gain access to:
- Expert guidance on tax efficient investing.
- A clear strategy for reducing taxable income and optimizing financial growth.
- Opportunities to align your investments with your personal values and environmental goals.