Currently, the Arkansas Energy Office does not have any grant funds or incentives available for energy efficiency improvements commercial buildings. Contact your local utility for energy audit services, incentives, rebates and beneficial rate schedules. See links and resources.
On the Federal level, the 2005 Energy Policy Act provides for a business tax credit for either the owner and or design professional when meeting the energy efficiency criteria. A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems.
On Oct. 3, 2008, the President signed into law legislation to extend many of the Energy Efficiency Tax Incentives first enacted in 2005 but that expired at the end of 2007 or that were scheduled to expire at the end of 2008. The bill also includes extensions of a variety of renewable energy tax incentives. The energy efficiency provisions include an extension of the commercial buildings tax deduction to the end of 2013.
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