If you’re pursuing sustainability projects, there may be rebates and incentives out there for you to take advantage of.

Our team can help you see what’s available and will complete and submit the applications on your behalf so you can start reaping the rewards. If you would like to find out what incentives and rebates you qualify for, please contact us by clicking the button below.

Efficiency Rebates

Ohio’s regional electric grid operator offers rebates for eligible energy efficiency projects completed after June of 2020. Project examples include lighting upgrades, HVAC upgrades, or improvements to building envelope.

179D Commercial Buildings Energy Efficiency 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 per square foot. The 179D acts as an accelerated depreciation towards the overall cost of the project.

The accelerated depreciation works best for plant, property and equipment that are otherwise depreciated over a longer time horizon, such as a 15- to 30-year depreciation schedule. In order to qualify, the project must reduce the building’s total energy when compared to ASHRAE (American Society of Heating, Refrigeration, and Air Conditioning Engineers) Standard 90.1-2007.  We can assist in evaluating the opportunity and completing the necessary paperwork.

Federal Investment Tax Credit

The Federal Investment Tax Credit is a dollar-for-dollar tax reduction on your income tax for installing renewable energy systems. The amount of credit granted is based on the total system cost. This tax credit can help reduce the overall cost of renewable energy systems and drive an attractive return on your investment.

Federal 100% Bonus Depreciation

The Tax Cuts and Jobs Act of 2017 allows companies to depreciate 100% of qualifying long-term assets (like solar!). Pulling this depreciation forward can help effectively reduce the total upfront cost of a solar system. The Bonus Depreciation incentive allows you to deduct the entire allowable tax basis of the system in year 1.

Rural Energy for America Program (REAP) Grants

The USDA Rural Energy for America Program (REAP) provides grants and/or loan guarantees to support renewable energy system installations or energy efficiency improvements. To qualify, you must be either a small business in an area with a population less than 50,000 or an agricultural producer.

To see if your project qualifies for any of the above rebates or incentives, contact us today!