Tax,Deductions,for,Your,Green, travel,insurance Tax Deductions for Your Green Hotel Cashing In on a Good Thi


Torres del Paine is among the biggest of Chile’s national parks, occupying almost 600,000 acres (242,000 ha) of land in the south on the border with Argentina. It is also among the most important, receiving a significant proportion of domes Like any American, traveling occasionally is just what I love doing and I bet you share the same stuff with me. But traveling does not mean that you would be safe. Escaping from our job and other stressful activities is just something that w


Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Times New Roman";mso-ansi-language:#0400;mso-fareast-language:#0400;mso-bidi-language:#0400;}ROBBINSVILLE, N.J.– If there’s one document on the face of the earth that has frustrated andbaffled people the most, it is probably the U.S. tax code.  Trying to understand that mountain oflegal-eseis enough to give even the most competent tax accountant a splittingheadache. But here’s some tax incentive news that is bound tomake green hotel owners and designers smile: owners of existing commercialbuildings that improve their energy efficiencyby at least 50%can earn a tax deduction of up to $1.80per square foot!  And so candesigners of newly constructed high efficiency commercial buildings. And a partial deduction of $0.60 per square foot is available for thoseinvesting in lighting, HVAC, or building envelope upgrades that reduceconsumption by less than 50%. That means energy efficient green hotels that have reduced their energyconsumption can earn a big break on their taxes – money that can definitely beused to help offset the cost of the upgrades.  One cool feature of this tax break is that it is retroactive. Upgradesand construction done at your green hotel between January 1, 2006 and December31, 2008 may qualify you for the deduction.   Now, you do have to jump through quite a few hoopsto qualify for the deductions, but the rewards are worth it. For starters, youhave to use software tools approved by the Department of Energy.  You also have to establish benchmarks, set energyefficiency goals, and implement the upgrades.   Here is a standard guideline to help you get started:        Get some perspective. Find out what hotelsnationwide are implementing and what makes sense specifically for your hotelproperty. If you do not have a dedicated individual to focus on the strategyconsider hiring a sustainability consultant.             Score your property. Find out how youstand up to hotels across the country and your competition. Learn about theEnergy Star rating system and how you can get your property Energy Star score.Once you have benchmarked your property you can determine next steps as yoursustainability strategy and goals including finding the right software tools.            Take action. Analyze yourproperty to create and Implement your sustainability business strategy. Withstrained economic times, make sure you are investing in the right technologiesat the right price. Take advantage of professional service providers to helptake the guesswork out of how to “green” your hotel and find available taxincentives for your hotel.  Make sure to engagesustainability service providers that understand the hospitality business – thisis very important because hotel operations are different from other industriesand energy conservation measures may not always apply to a hotel. We know this sound complicated. It does not have to be – you do not haveto do it alone.  Get some help fromEcoGreenHotel, the experts in securing tax incentives, rebates and grants forenergy efficiency projects at green hotels from coast to coast.  The EcoGreenHotel team of professionals has successfullyguided hotel properties just like yours through the tax deduction process.  We know how to get it done right the firsttime. About EcoGreenHotelEcoGreenHotel LLC is a privately-held company dedicated to helpinglodging facilities address abroad spectrum of sustainability issues. Thecompany provides information, tools, checklists, current news and trends to thehospitality industry through its website, www.EcoGreenHotel.com.In 2009, the company launched an online marketplace for green products andservices at www.EcoGreenHotelStore.com. In addition to theonline offerings, EcoGreenHotel provides customized consulting servicestailored to the needs of the hospitality industry in the areas of energyefficiency and certifications, including LEED, Green Seal and Energy Star. Forthose properties that have reached certified levels of sustainability,EcoGreenHotel assists with marketing services to position the properties withinthe growing “green” space and enhance revenue. For further information, [email protected] call 888.229.0213.

Tax,Deductions,for,Your,Green,

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