Since our energy savings initiative comes without capital cost, you won’t need to invest money for the upgrade or collect any debts. Maintenance and repair will also be handled for free. Because of this, the program will give your company a positive cash flow experience from day one.
Since our energy saving initiative is considered a service without investment or expense, there will be no need to report it on your balance sheet. Responsibility will not be an issue on your part.
Efficiency Is Based on 3 Components:
XYZ Furniture, a manufacturer and distributor of office furniture and equipment based in Asheville, NC, completed a $43,000 LED Lighting Retrofit Project in Fall 2019 for its Production Facilities with Estimated Combined Square Footage of 100,000 sq. ft.:
Estimated EECB Deduction:
100,000 x $.60 = $60,000
Estimated Tax Deduction Benefit (After Tax Cash Value):
$60,000 x 30% = $18,000 (~41.8% of the Initial Capital Outlay (18,000÷43,000))