Solar Incentives for Green Businesses

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The federal government offers solar incentives for green businesses when they convert to solar heat and air conditioning systems.  The specific program is called the Federal Solar Tax Credit. Whether your business has bought a new building or is simply considering a remodel of an existing facility it is worth considering a switch to solar energy and application for a Federal Solar Tax Credit.

Those who own or lease commercial buildings can also collect the Federal Solar Tax Credit by converting their business to solar energy, as long as the new system saves at least 50% of the building’s energy requirements. These new systems qualify for solar incentives of up to $1.80 per square foot.

Additionally, other improvements to the building which reduce its energy needs can be used to claim up to $0.60 per square foot tax credit. These improvements include changing to heating, cooling or insulation, such as replacing a furnace or putting in double-paned windows.

With the large value of solar incentives through the Federal Solar Tax Credit it is even more cost effective for businesses to convert to solar power and solar heating.  Solar power saves money in heating and cooling costs every month, and reduces the carbon footprint of the building for the benefit of the environment in general.

 Green Research Council

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