Wednesday, January 27, 2010

Other Green Incentives for Business

In my last blog post I covered IRC Sec. 179D and the deduction for energy efficient commercial buildings.

Today, I'm going to highlight some of the other energy and efficiency related incentives that you might want to know about. Due to the complexity and the narrow applicability of many of these tax incentives, I'm just going to list them out today and I'll decide later whether to delve deeper into any of them.

  1. Accelerated Depreciation for Qualified Smart Electric Meter and Qualified Smart Electric Grid System (IRC Sec. 168(e)(3)(D)(iii) and (iv));
  2. Qualifying Advanced Energy Project Credit (IRC Sec. 48C);
  3. Energy Efficient Appliance Credit (IRC Sec. 45M);
  4. Credit for Carbon Dioxide Sequestration (IRC Sec. 45Q);
  5. Qualifying Advanced Coal Project Credit (IRC Sec. 48A);
  6. Qualifying Gasification Project Credit (IRC Sec. 48B);
  7. Alcohol Fuels Credit (IRC Sec. 40);
  8. Enhanced Oil Recovery Credit (IRC Sec. 43);
  9. Renewable Electricity Production Credit (IRC Sec. 45);
  10. Biodiesel Fuels Credit (IRC Sec. 40A);
  11. Low Sulfur Diesel Fuel Production Credit (IRC Sec. 45H)
  12. Advanced Nuclear Power Facility Production Credit (IRC Sec. 45J); and
  13. Nonconventional Source Production Credit (IRC Sec. 45K).

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