Environment Friendly Tax Credit

Why an Environmental Tax Relief?

Everyone wants to save the environment and it is difficult to argue that we should be environmentally responsible.

But you may not know that you can also help your business with tax credits and deductions for energy savings, construction of energy-efficient buildings, environmental cleanup, "green" purchases or other environment friendly activities.

Examples of Environment Friendly Tax Credit?

Tax Credits for Environment-friendly Business Purchases

In some countries you may be eligible for business tax credits by "buying hybrid vehicles, building energy-efficient business buildings, and improving the energy efficiency of commercial buildings."

Tax Deductions for Energy-efficient Buildings and Lighting

If you are considering buying or renovating a building for your business, you may be able to get a tax deduction for improving the energy efficiency of the building and installing energy-efficient lighting.

Environmental Cleanup Costs

Costs to clean up hazardous wastes, including petroleum, may be eligible for tax deductions.

Note that in many countries you must get a statement from your local environmental agency that your site or project meets requirements.