The Energy Alliance Group (EAG) maintains a current library of all incentives that are available for renewable energy solutions, energy efficiency programs, and energy efficient technology.
By remaining informed about the latest policy changes, we can ensure that our clients take full advantage of all available programs and receive the maximum financial benefit. This is one of EAG’s key value-adding services.
Currently available energy efficiency incentives include:
Utility Rebates and Incentives
Most utility companies offer a number of rebates and incentives to offset the cost of installing energy efficient technology solutions. These typically include lighting, variable frequency drives (VFDs), compressed air systems, gas appliances, HVAC equipment, boilers, controls, pumps, and other green energy solutions.
Prescriptive incentives are available for more common energy efficient upgrades and improvements. Custom incentives are frequently available to our clients on less common or more complex energy saving measures that are installed in qualified retrofit and equipment replacement projects that aren’t covered by a prescriptive program.
Additionally, most utility companies offer new construction, major renovation, multi-measure, and “state-made” incentive programs. EAG ensures our clients take full advantage of all available programs and receive the maximum financial benefit.
Federal Tax Incentives
Federal tax incentives are available for a wide variety of renewable and energy efficiency technologies. EAG helps our clients to determine which are available to them, along with the applicable technologies.
Although these are always changing, the current incentives include Section 179 and the Energy Policy Act (EPACT).
This program allows a taxpayer to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring it to be capitalized and depreciated. This property is generally limited to tangible, depreciable, personal property that has been purchased for use in the active conduct of a trade or business.
Energy Policy Act (EPACT)
This program was adopted in 2005 and was recently renewed. It provides a tax deduction of up to 50% for exceeding ASHRAE/ISENA 90.1-2001 standards. This is calculated on a per square foot basis of the property for which the energy efficient expenditures are made.
This is available both for new construction and renovation projects. EPACT applies to lighting, and HAVAC and building apply to energy reduction solutions and improvements.
State and Local Grant Programs