Government Incentives for Going Green Government incentives and SBA loans can be used to finance “green” business improvements. The government has several programs in place to help small businesses be just as competitive as corporate giants in the race to adopt green, energy-efficient business practices. These incentives can reap many rewards, from financial benefits that will impact your bottom line to social benefits, such as making your “green” business a much more attractive place for skilled, younger workers to seek employment. Whether you are looking to enter the business of greening our planet or just want to make employees and customers happy, going green is smart for small business.
Small businesses that invest strategically can cut utility costs 10 to 30 percent without sacrificing service, quality, style or comfort – while making significant contributions to a cleaner environment. Many projects will require little expense. Savings small businesses make from adopting energy improvements, also include federal energy tax savings for the tax year of 2010.
For projects that do require capital, SBA loan-guaranty programs can help reduce some of the financial costs of the “going green” process. All of SBA’s 7(a) loan programs can be used by small businesses to fund green improvements. With a 50 percent SBA-backed guaranty, and an average loan of $35,000 with its maximum loan size of $350,000— the SBA Express Loan is an excellent loan program to help small businesses go green
America’s HVAC Society (ASHRAE) and the US Energy Dept. Work Together to Enforce State Building Regulation for Energy Efficiency.
The U.S. Department of Energy (DOE) this week announced it is seeking proposals to support activities related to the state adoption and implementation of the most up-to-date building energy codes. As of June 2010, building codes in 14 states do not meet the requirements in current regulations, ANSI/ASHRAE/IESNA Standard 90.1-2007. Proposals must address activities to implement the target codes, which includes ANSI/ASHRAE/IESNA Standards, Energy Standard for Buildings Except Low-Rise Residential Buildings, training activities, or activities that advance each state’s level of compliance with state building codes. States are allowed to partner with consultants and organizations such as ASHRAE, which stands for American Society of Heating, Refrigeration and Air-Conditioning Engineers.
ASHRAE, the developer of the America’s first standard for energy efficiency in buildings, supports the U.S. Department of Energy’s recent announcement regarding funding for states to implement the most current energy codes. The call to meet current building codes comes as ASHRAE and IES celebrate the 35th anniversary of publication of Standard 90.1. Since being developed in response to the energy crisis in the 1970s, Standard 90.1 has become the basis for building codes, and the standard for building design and construction throughout the United States.
Currently a total of $5 million is available to be dispersed among up to 20 states (only one award per state). Award sizes will vary state to state and the maximum reward amount is of $250,000.