What Tax Credits Are Available for Energy Efficient Buildings?
Thursday, June 21st, 2012
by Littman Bros Lighting
If you are beginning to make a conscious effort in making energy-efficient adjustments to your home or business, you may qualify for federal tax credits if you meet the eligibility requirements.
In most cases, commercial buildings can benefit in federal tax deductions of up to $1.80 per square foot by indicating a savings of 50% of their combined energy use; this means your ventilation, heating, cooling, water heating as well as your interior lighting energy costs.
LED bulbs and CFLs offer immediate and long-term savings for you and your company. Replacing the standard incandescent bulbs with energy efficient ones will save you money on your electric bill and in turn possibly qualify you for these federal tax credits. Focusing your attention on commercial LED products when lighting your business will absolutely give you an advantage for the future.