| While the federal government may be dragging its | | | | to best take advantage of them. |
| heels on environmental issues, California tax | | | | You may not know that California is actually leading |
| incentives aimed toward encouraging reduced energy | | | | the world when it comes to renewable methods of |
| consumption and cleaner, less polluting operation are | | | | generating electric energy. The good people in |
| allowing the Golden State to forge ahead. Green | | | | Sacramento want to keep it that way, which is why |
| energy tax incentives – sometimes known as | | | | California energy credits have been passed into law; |
| “eco credits” - can save California business | | | | these green tax incentives, which are combined with |
| owners and entrepreneurs considerably at tax time. | | | | environmental regulations, have not only helped our |
| The term “eco credits” can be somewhat | | | | native industries to prosper; they have resulted in a |
| misleading; these are not actually “credits,” | | | | cleaner state. This way, California's green tax |
| but deductions. Under California's green energy tax | | | | incentives benefit everyone, not just those in |
| incentives, you can deduct up to 40% of the cost of | | | | business. |
| any energy-saving technology that you install in your | | | | Certified public accountants are often portrayed as |
| place of business. For example, if you spend $1,000 | | | | having a rather dull, unadventurous life. While the |
| installing solar panels, you can deduct $400 of that | | | | profession is not as glamorous as that of a cosmetic |
| from your business tax bill for that year. This is just | | | | surgeon or a high-powered litigation lawyer however, |
| one of the many eco credits that may be available | | | | neither of those professions would be nearly as |
| to you. | | | | profitable were it not for the CPA. When it comes to |
| California energy credits are often overlooked even | | | | your business and California energy credits, you'll find |
| by savvy businessmen. It's no surprise; as you well | | | | it to be very exciting when a CPA explains just how |
| know, state and federal tax codes are anything but | | | | those green tax incentives can save you money that |
| simple. It's why you definitely want the services of a | | | | you can re-invest into your business and make it |
| certified public accountant when it's time to file who | | | | grow. Get in touch with a CPA today and find out |
| can help you understand which green tax incentives | | | | how your state's green tax incentives can benefit |
| may apply to you and your business as well as how | | | | your bottom line. |