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Question added to topic MoneyMay 18, 2010

Are there any tax credits available for installing energy-efficient windows at my business?

I just replaced three large windows in my restaurant with energy-efficient ones.
Nice job on being proactive and replacing your windows to save on those energy costs. Unfortunately, the government does not have a specific energy tax credit for businesses that replace their windows for more energy-efficient ones, as you have done.

Though, the government does have this type of energy tax credit for homeowners and it is 30 percent of the project cost or up to $1,500--but it is not for businesses.

Since you own a restaurant you will be hard pressed to find a government energy tax credit for your business, but you may find this list on the IRS website to be helpful.

Also, if you are interested in other tax credits available to businesses there is the Work Opportunity Tax Credit. This tax credit is issued to employers that hire individuals unable to gain employment because of significant barriers. Generally, the tax credit is 40 percent of the first $6,000 in first year wages or $2,400.

Good luck and continue working on being green. Every bit helps.

Ryan Himmel, CPA and registered securities analyst, is the founder and CEO of BIDaWIZ.com, a professional network for small businesses and entrepreneurs to obtain trusted advice and services from a team of CPAs, Enrolled Agents, Financial Planners & Tax Attorneys.  His team provides answers to the many finance and tax questions that small businesses encounter every day. Ryan has been quoted in The Wall Street Journal, Forbes, Fox Business and Crain's New York, among other publications. Ryan also regularly contributes to the community with his finance and tax blog.

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