Utility rebates seem to come and go. In NE Ohio FirstEnergy currently has a rebate. Our Texas division’s clients are very fortunate, as Houston, Dallas, Austin and San Antonio all have lucrative lighting rebates available for their customers.
I suggest taking advantage of the IRS EPAct accelerated tax deduction. There is a huge benefit to capturing the IRS EPAct 179d accelerated deduction. The IRS allows you to deduct 60 cents/psf or the entire cost of your lighting upgrade project (whichever is less) all this year as accelerated depreciation against thie current year’s profits. Based on combined state and federal income tax brackets in Ohio, this easily amounts to 35-38% of your EPAct deduction, coming right off what you owe the IRS this April 15th. It’s like getting a 25-38% discount just for upgrading your facility’s lighting. EPAct is generally limited to interior lighting for manufacturing plants and warehouses, which happens to be exactly where ROI Energy Solutions specializes in performing turn-key lighting upgrades for our clients.
ROI Energy, as a lighting retrofit contractor can put you in touch with our EPAct tax specialists to determine your potential tax incentive. When completed, your company will enjoy better lighting, a significant reduction in your energy bill, a lucrative tax incentive and reduced maintenance costs, since LED fixtures are virtually maintenance free. We’ll perform your project during off shifts to eliminate disruption to your production and required a bare minimum of your valuable time.
Call or email us today at 330-931-3905 or info@ROI-Energy.com Website: www.ROI-Energy.com