As businesses find new ways to streamline operations and trim costs, new equipment is often the last priority. Yet business owners overlook a significant opportunity for long-term savings when they outright eliminate all equipment expenditures. Many purchases require an initial investment, but provide reduced costs over time. One such purchase is energy optimization equipment, which allows business owners to reduce their overall utility costs and reduce maintenance downtime and repair costs.
Tax Incentives for Green Energy Purchases
The “Worker Homeowner and Business Assistance Act of 2009” was introduced by the federal government in November 2009. Intended to stimulate the economy by providing tax relief for both businesses and homeowners, the Act modifies how businesses can carry Net Operating Losses (NOL).
