You May Qualify For Tax Deductions And Rebates
The good news is, you may qualify for various rebates and tax incentives when you install new energy-efficient lighting. There are numerous state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. Hy-Tek can help you identify possible assistance, and we can walk you through the steps of documentation in these areas:
Possible Local Utility Power-Cash Rebates:
- Cash Rebates Based On kWh Reduction
- Rebates That Increase With % Savings vs. Wattage Code Allocation
Possible Federal Tax Deduction:
- Epact Act 2005, IRS Allowance Based on reduced kilowatt useage per square foot
EPAct: An Overview
The Energy Policy Act (EPAct) Act of 2008 has extended the energy-efficient buildings accelerated tax deduction for five years through December 31, 2013. Known as EPAct, the program provides an immediate tax deduction for lighting investments that achieve specified energy cost reductions that meet ASHRAE* 90.1-2001 building energy code standards. This act provides tax incentives for both lighting and lighting controls.
To qualify for a tax deduction you must supply a certification of compliance document. You can rely on Hy-Tek lighting professionals to walk you through the goals and documentation needed to receive these significant tax incentives.
Click here to locate local and national rebates and incentives for your commercial or industrial lighting project.
*ASHRAE (American Society of Heating, Refrigeration, and Air Conditioning Engineers)
*Federal and local program specifications, dates and other requirements may change at any time. Hy-Tek Material Handling, Inc. is not a tax consultant.
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