Businesses may be eligible for credits such as a 30 percent tax credit for the installation of qualifying solar equipment on buildings.
Companies that build highly energy efficient homes or manufacture energy-efficient appliances can also earn tax credits. See the
A tax deduction of up to $1.80 per square foot is open to owners or tenants of new or existing commercial buildings that are constructed or retrofitted to save at least 50 percent of the heating, cooling, water heating and interior lighting energy cost of a building that meets ASHRAE Standard 90.1-2001.
Partial deductions of up to .60 per square foot can be taken for comparable reductions from any one of three building systems. Such as the building envelope, lighting, or heating and cooling system—that meet goals consistent with achieving the 50 percent savings for the entire building, according to the Tax Incentive Assistance Project.
For more information on the deduction for commercial buildings, visit the Tax Incentive Assistance Project.
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