Are you exploring whether alternative energy technologies can help you manage the cost of energy use in your business? If so, you should be aware of a federal income tax benefit: the business energy credit. It’s substantial and applies to the acquisition of alternative energy property. The credit equals up to 30% of the basis (the “tax cost” for computing depreciation deductions and gain or loss on disposition) of certain property using solar power, fuel cells, wind energy or waste energy. For the same property, the credit can sometimes be used in combination with other subsidies, for example, income tax expensing, state tax credits or utility rebates. Call or visit our website for more information! www.mjscpa.com/
