Tax Breaks for Energy Conscious Businesses...
The Energy Policy Act of 2005 included a new tax incentive, backed and advocated by the National Electrical Manufacturers Association (NEMA) and the Natural Resources Defense Council (NRDC), to improve the energy efficiency of commercial buildings. The "Commercial Building Tax Deduction" establishes a tax deduction for expenses incurred for energy efficient building expenditures made by a building owner. The deduction is limited to $1.80 per square foot of the property, with allowances for partial deductions for improvements in interior lighting, HVAC and hot water systems, and building envelope systems.
Energy Efficient Michigan Schools...
Michigan joined in the a committment for greener schools in the communities they serve. According to the HVAC weekly news magazine, the NEWS, Michigan and a handful of other states are registered with the Leadership in Energy and Environmental Design (LEED) certification program for green schools, providing opportunities for more energy and water efficient facilities. Click on the links below for more information on the green and clean HVAC industry news...