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Energy-Saving Incentives for Small Businesses

  • 28 July 2015
  • Author: Cari Holbrook
  • Number of views: 2596
Energy-Saving Incentives for Small Businesses

Many small businesses are becoming more energy efficient because it’s the right thing to do for our environment.  But did you know it can also benefit you as a business owner? The average commercial building wastes 30 percent of the energy it consumes, according to the U.S. Environmental Protection Agency. That’s a lot of money down the drain.

Take advantage of the money-saving opportunities of being more energy efficient. There are great incentives and tax credits available, including those listed below. Keep in mind that rebates and tax incentives come and go, so it’s important to pay attention to expiration dates.

  • Energy Star® savings: ENERGY STAR Action Workbook for Small Business offers step-by-step guidance on ways to increase energy efficiency in facilities by implementing realistic and cost-effective energy improvement projects. In fact, the program claims it’s often possible to reduce energy use by 10 percent with little or no upfront cost. Some federal tax credits are available to commercial businesses. Take a look at the latest information on the Energy Star site.
  • Alternative fuel vehicles: The federal government awards tax credits for certain all-electric and hybrid vehicle purchases, including fleet vehicles. To find out the latest information, visit the Tax Incentives Information Center on the U.S. Department of Energy’s website.
  • City development incentives: While not primarily an energy usage issue, inner-city redevelopment can have great environmental and community benefits. That’s why the City of San Antonio has incentives like the Brownfields Program in place. The Brownfields Program helps property owners and developers address the environmental concerns associated with inner-city and adaptive reuse projects, including redeveloping abandoned gas stations, dry cleaning facilities, junkyards, old car dealerships, old factories and landfills.  Other cities have similar programs in place.
  • Local utility rebates: Local utilities like CPS Energy  offer rebates to businesses that choose to make energy-saving changes. Simply switching to a CPS Energy Smart Thermostat (provided and installed by CPS free of charge) can even help you go digital—controlling the temperature at your business from a smart phone, computer or table. Rebates are currently provided for HVAC, lighting, new construction and retrofits.

When it comes to rebates, a great place to start is to talk to your local utility. To see how you can benefit from the latest tax incentives on purchases or renovations, contact us.

Image Copyright: grafner / 123RF Stock Photo

Categories: Blog, General
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