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More and more small businesses are becoming more and more environmentally-friendly these days. And with all the advances in sustainable sourcing, energy efficiency, and reuse and recycling, going green is easier than ever.
Not only is it easy, but it might also boost your bottom line. Between grants, tax breaks, and customer goodwill, a small investment in green business practices could mean bigger returns in the future.
1. Government Grants
Before you get started eco-fitting your small business, you should know that local, state, and the federal government may help you shoulder the cost for energy efficient upgrades. Some municipalities offer grants for renewable energy or loan programs to help small businesses fund investment in the long term savings of renewable energy. The Database of State Incentives for Renewables & Efficiency is a listing of grant programs nationwide, from the federal government on down to state and local efforts.
2. Tax Tips
And once you've made the investment in going green, it can help every April. And not just on Earth Day -- which is the 22nd next year -- but when your taxes are due on the 15th as well. The IRS has several tax credits for going green, which can apply if your business has energy efficient vehicles. The SBA also lists a number of commercial tax credits for home builders, manufacturers, and those occupying commercial buildings. You can also check with the Department of Energy for more tax incentives, rebates, and financing options.
3. Green Good Will
Not only will you be doing the planet a favor, and saving some money in the process, you can garner some positive publicity and a few more customers as well. Savvy consumers are choosing the green option when given a choice, so a small investment in renewable energy could mean more revenue. Just another way going green can keep your small business in the black.
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