The US government has implemented several programs and policies to incentivize businesses to go green. One such policy is the Environmental Protection Agency’s ENERGY STAR program, which provides tax credits to businesses that invest in energy-efficient appliances and equipment. Additionally, the Department of Energy offers loans and grants to businesses that implement renewable energy systems, such as solar or wind power.
There are several business tax credits and rebates available for companies that adopt eco-friendly practices:
1. Energy-Efficient Commercial Buildings Tax Deduction
(https://www.irs.gov/credits-deductions/energy-efficient-commercial-buildings-deduction)
2. Business Energy Investment Tax Credit
(https://programs.dsireusa.org/system/program/detail/658)
3. Renewable Energy Production Tax Credit
(https://www.epa.gov/lmop/renewable-electricity-production-tax-credit-information)
4. Solar Investment Tax Credit
(https://www.seia.org/initiatives/solar-investment-tax-credit-itc)
5. Alternative Fuel Vehicle Refueling Property Credit
(https://www.irs.gov/credits-deductions/alternative-fuel-vehicle-refueling-property-credit)
6. Smart Grid Systems Investment Tax Credit
(https://news.energysage.com/solar-tax-credit-explained/)
7. Energy Efficient Appliance Manufacturers Tax Credit
(https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit)
8. Green Energy Research and Development Tax Credit
9. Small Wind Turbine System Credit
(https://www.attainablehome.com/small-wind-turbine-tax-credits/)
10. Advanced Energy Manufacturing Tax Credit
(https://www.irs.gov/credits-deductions/businesses/advanced-energy-project-credit)
To determine eligibility and specific requirements for each tax credit and rebate, businesses should consult with a tax professional or visit the website of the relevant government agencies. Additionally, some states and localities may offer additional incentives for businesses that implement green practices, such as rebates for installing solar panels or using energy-efficient lighting.
