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Power Splurge

It might pay to implement energy-saving measures.

This story appears in the January 2006 issue of Entrepreneur. Subscribe »

You can now save and reap tax savings, too, thanks to the Act of 2005.

Entrepreneurs should check out a section of the law that allows commercial owners to deduct the cost of installing energy-conserving improvements. These must be made under a professionally certified plan approved by the that shows how the steps you take will reduce your total annual energy costs by at least 50 percent. If you can't reduce costs by that much, you may qualify for a partial deduction of up to 60 percent of building costs per square foot. This benefit is only available for improvements placed in service in 2006 and 2007, and the deduction cannot exceed $1.80 per square foot.

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