Incentives

Updates to USDA Rural Energy for America Program Grant

The USDA Rural Energy for America Program (REAP) provides small to mid-size businesses located in rural areas with guaranteed loan financing and grant funding for renewable energy systems and energy efficiency improvements. Many Ohio counties are considered qualifying rural areas. With the passing of the Inflation Reduction Act in 2022, grant amounts increased from 25%

By |2023-05-24T21:07:31+00:00May 24th, 2023|Renewable Energy, Efficiency, Incentives|Comments Off on Updates to USDA Rural Energy for America Program Grant

Manufacturer LED Lighting Retrofit

Client: Fuserashi International Technology, Inc. (FIT) Industry: Manufacturing Sustainability Solution(s) Implemented: LED Lighting Results after finished install: • 40,000 square foot building expansion with total building LED lighting upgrade • Annual energy cost reduction of 57.3% compared to ASHRAE Standard 90.1-2001/2007 • Immediate tax deduction of $365,983 Since 1996, Fuserashi International Technology, Inc. (FIT) has

By |2023-02-24T16:13:53+00:00February 24th, 2023|Efficiency, Incentives|Comments Off on Manufacturer LED Lighting Retrofit

Managing Energy Costs – Lima Allen County Sustainability Seminar

We recently were invited to speak with local businesses about managing energy costs and energy efficiency options at Lima Allen County Chamber's Sustainability Seminar. Check out our feature on HomeTown Stations!

By |2022-11-04T14:56:05+00:00November 4th, 2022|News, Efficiency, Incentives|Comments Off on Managing Energy Costs – Lima Allen County Sustainability Seminar

Accelerated Depreciation on Energy Efficiency Projects

Energy efficiency projects can provide economic benefits in a number of different ways, such as with the help of the 179D Tax Deduction. The 179D Commercial Buildings Energy Efficiency Tax Deduction allows building owners to claim a tax deduction on eligible lighting, building envelope, or HVAC projects. Eligible projects can qualify for up to $1.80

By |2022-11-03T21:08:07+00:00November 3rd, 2022|Efficiency, Incentives|Comments Off on Accelerated Depreciation on Energy Efficiency Projects

179D Adjustments with Inflation Reduction Act: Schools & Hospitals

Since 2006, the 179D tax deduction, also known as the Energy Efficient Commercial Building Deduction, has provided tax deductions up to $1.80/square foot on qualifying projects for both new construction as well as any renovations done on existing buildings. The passing of the Inflation Reduction Act (IRA) has brought some changes to 179D that present

By |2022-10-11T13:58:12+00:00October 11th, 2022|Efficiency, Incentives|Comments Off on 179D Adjustments with Inflation Reduction Act: Schools & Hospitals

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