Leveraging Tax Credits to Develop your Business

The American Recovery and Reinvestment Act provides a variety of forms of credits for increasing the efficiency of residential energy use.  An important tax credit is for consumers that install solar energy systems (including solar water heating and solar electrical systems), small wind systems, geothermal pumps, residential fuel cell and microturbine systems.  These consumers can receive up to a thirty percent (30%) tax credit for systems placed in service before December 2016.

This is not only a boon to home owner’s looking to increase the efficiency of their home’s energy use, but also to businesses or entrepreneurs that sell and install these products.  If you are a business or entrepreneur that sells or installs solar water heating and solar electrical systems), small wind systems, geothermal pumps, residential fuel cell and microturbine systems, then you can capitalize on the market and sales stream created by this tax credit.

In addition, if you are an established company that is thinking about entering a new line of business, acquiring a new company, then this untapped market for increasing the efficiency of residences may be something to consider.  There are a variety of ways to structure a business, develop an acquisition strategy and utilize intellectual property laws to capitalize on this market that should be available through December 2016.

Working with a good team of inventors, venture capitalists, lenders, lawyers and tax specialists can help you take advantage of this market.  If you are an individual, entrepreneur, or established business that has questions about these matters, then please feel free to contact us.

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