Reducing carbon emissions and making the environment a cleaner and healthier place for future generations is a sound investment by itself. There is also value in reducing, and in some cases eliminating, your monthly energy expenses. Depending on the improvements you choose there are Federal, State, and Local incentives that can make "Going Green" an affordable option. Pure Eco can help you identify and apply for these incentives.
Residential Personal Tax Credit (30% of system cost) – (Solar Water Heat, Photovoltaic’s, Wind, Fuel Cell, Geothermal Heat Pumps, other Solar Electric Technologies) A tax payer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the U.S. used as a residence by the tax payer. Expenditures include labor costs for onsite preparation, assembly, or original system installation and for the piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.
Business Energy Tax Credit (10% - 30% for system cost) – (Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaic’s, Geothermal Electric, Fuel Cell, Solar Hybrid Lighting, Direct Use Geothermal, Micro turbines)
Energy Efficient Commercial Buildings ($0.30 - $1.80 per square foot) – A tax deduction of $1.80 per square foot is available to owners of new buildings who install (1) interior lighting; (2) building envelope, or (3) heating, cooling, ventilation, or hot water systems that reduce the building’s total energy and power cost by 50% or more in comparison to a building meeting minimum requirements set by ASHRAE Standard 90.1-2001.
* The incentives listed above are just a few of the currently offered federal incentives. For a more complete list, please review this document
