Financial Incentives

There are a number of financial incentives available to businesses that will help reduce your cost in implementing energy and resource conservation measures.  

Be sure to review these resources before purchasing any energy-saving materials or services.

Recommend other rebate programs and discounts, or more user-friendly tools for accessing state and federal tax credits by sending us an coolbizabq@coolbizabq.org

Rebates

PNM Rebates and Discounts

Member Discounts
We’re still developing partnerships with local businesses and service providers in order to provide discounts on goods and services for CoolBiz ABQ members.

Learn about the discount on monthly ABQ Ride bus passes for employees at Greening Your Commute & Travel.

Do you have something “Cool” to offer our members?  Email your ideas or proposals to shrayas.jatkar@sierraclub.org.

Tax Credits

Stimulus Act Expands Clean Energy Tax Credits for Homes and Businesses

DSIRE: Database of State Incentives for Renewable Energy

Energystar.gov

Energy.gov business tax incentives

A range of federal business tax credits are available for purchases of certain properties. Generally, the credit is available only if the original use of the qualified property begins with the business taxpayer or the system is constructed by the taxpayer.  Legislation championed by Senator Jeff Bingaman (D-NM) has extended to 12/31/2016 the deadline to place in service qualified property.

Solar.  Business taxpayers can claim a tax credit equal to 30%, without limitation, of expenditures for eligible solar energy property. Eligible property includes equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat.

Fuel Cells.  Business taxpayers can claim a tax credit equal to 30%, up to $1,500 per 0.5 kW of power capacity, of expenditures on eligible fuel cell property (i.e., fuel cells with a minimum capacity of 0.5 kW that have an electricity-only generation efficiency of 30% or higher).

Small Wind Turbines.  Business taxpayers can claim a tax credit of 30%, without limitation, of expenditures on “small” wind turbines (i.e., up to 100 kW in capacity).

Geothermal Systems . Business taxpayers can claim a tax credit of 10%, without limitation, of expenditures on eligible geothermal energy property. Qualified property includes geothermal heat pumps and equipment used to produce, distribute, or use energy derived from a geothermal deposit. For electricity produced by geothermal power, equipment qualifies only up to, but not including, the electric transmission stage.

Microturbines.  Business taxpayers can claim a tax credit equal to 10% of expenditures, up to $200/kW, on microturbines up to 2 mW in capacity that have an electricity-only generation efficiency of 26% or higher.

Combined Heat and Power (CHP). Business taxpayers can claim a credit equal to 10%, without limitation, of expenditures on the cost of the first 15 mW of capacity of eligible CHP property. Eligible property includes systems up to 50 mW in capacity that exceed 60% energy-efficiency, subject to certain limitations and reductions for large systems.