Federal Green Tax Credits and Incentives

In recent years the cost of energy has risen significantly. American dependence on foreign oil has become an increasingly prominent concern politically, economically and environmentally. More attention has been focused on energy consumption and eco-friendly practices and policies, as well. CFCG has also sharpened our focus on green tax credits, energy tax rebates and green tax grants.

Businesses of all sizes have been encouraged to reduce their carbon footprint and exercise greater responsibility for the impact of their activities upon the environment. Many corporations are “thinking green” and moving to the top of their agendas their plans for “going green.”  Your organization might, for example, choose to upgrade your heating and cooling system to a wind or solar system. You need to know that your decision could qualify you for the HVAC tax credit. Similarly, changing your office lighting to LED would also qualify you for the LED lighting tax credit.

Government at several levels is attempting to drive corporate behavior to greater responsiveness to the environmental crisis. Both federal and state governments are expanding tax credits, incentives and grant programs to help companies produce energy from renewable sources. Additional incentives and forms of “encouragement” for corporations to “go green” are also offered by a number of energy suppliers.

Your CFCG CPA can help you understand all applicable renewable energy incentives and green tax credits. Many of these credits and incentives are designed to foster sustainability programs. (In this context, “sustainability” refers to a business using renewable energy sources to sustain its business operations.) A CFCG Florida Accountant can help you understand how renewable energy incentives can help you save money.

No tax credits specialist would recommend eco-friendly upgrades to your facilities simply to earn a federal tax credit, a state tax credit or an electric company incentive. One thing you will learn from a CFCG CPA: green tax credits, and the energy cost savings you will recognize as a result of going green, will make a very noticeable improvement in your bottom line.

Ten Reasons to Go Green

For information about energy tax credits, rebates and incentives, please call us today at 1.800.385.0587.