How Switching to Alternative Fuel Vehicles and Buses Can Boost Your Tax Benefits This Year
With the mounting pressure for businesses to go green, alternative fuel vehicles and buses, such as the ones here at Creative Bus Sales, provide companies with an opportunity to reduce their consumption of nonrenewable resources.
Making the switch not only fulfills consumers desire to go green, but it also provides business with potential tax savings, refunds, and deductions. Here's how to maximize those tax benefits this year!
Understanding How Going Green Saves You Green
Over the past several years the government has developed several incentives, discounts, and other tax benefits designed to entice businesses into or instead of into “to explore” greener operations. One of the quickest ways to do this is by switching to alternative fuel vehicles and buses. Making the switch not only reduces your company's carbon footprint, but it can also reduce your monthly expenses in fuel and maintenance costs, as well as increase your tax benefits.
Common benefits include:
- New Purchase Tax Deduction
- IRS Fuel Refund
- State Level Incentives
Natural gas is big in heavy fleets.