What Does the End of EPAct Mean for Commercial Efficiency?
GreenTech Efficiency, January 31, 2014As for many businesses, the end of the year is a busy time at Groom Energy. Our engineering team is scrambling to satisfy the utility requirements, our back office is beginning our year-end closing process, and our customers are pushing us to complete projects.
With the EPAct tax deduction expiring on New Year’s Eve, 2013’s end-of-year push was even more harried. Starting last October, we began hearing customers ask us for confirmation that their projects would be EPAct eligible. To qualify, the projects had to be “in service” before the champagne bottles were popped. We even saw some stalled projects being approved in large part because companies thought EPAct was disappearing.