Upgrading restaurant equipment to energy efficient models, maximizing water heater efficiency, and installing Energy Star rated ceiling fans and ventilation, just to name a few green strategies, all mean spending some money before you save some.
For years the obstacle of spending money up front to save money down the road has been one of the major impediments preventing business owners from maximizing their energy efficiency. But as energy costs continue to rise, the benefits of investing in energy efficiency have become more and more appealing.
Local and state governments have also recognized the environmental and social benefits of encouraging energy efficiency, and have responded with tax rebates for businesses that adopt energy efficient practices.
When the time comes for you to upgrade restaurant equipment, keep in mind that significant cost can be offset by rebates. Naturally, these rebates come with a string attached: you must purchase energy efficient equipment to qualify. But this can have a twofold benefit for your business – you qualify for a tax rebate AND you improve the energy efficiency of your operation, which can save you a significant sum over the lifespan of that equipment.
To find rebates available in your area, check out Energy Star’s Rebate Finder. This is a great tool, however, this rebate finder will only search for available rebates when purchasing new Energy Star rated restaurant equipment. You can also check the Consortium for Energy Efficiency's website for information on rebates and incentives.
Federal tax credits are also available for commercial buildings for money spent to make heating and cooling more efficient. State and local tax credits may also be available, depending on where you live.
Even utility companies have gotten into the act, and many reward energy efficient practices with a rebate on your energy bill. More and more utility companies are offering rebates for purchasing Energy Star rated equipment and adopting energy efficient practices. Check with your local utility company and get a full list of rebates available.