Possible Tax Incentives for Brunswick County NC commercial real estate

The Renewable Energy and Energy Conservation Tax Act of 2008, H.R. 5351, will provide tax incentives for energy efficient Brunswick County NC commercial real estate if passed. The act was passed by the House of Representatives this February and is currently being reviewed by Senate.

Some of the tax incentives can be realized by:

• The production of electricity from renewable resources such as wind, water, solid waste and other like resources until 2011
• Marine and Hydrokinetic renewable energy
• Investments in solar energy and fuel cell property until 2016

Search the web for the details of the act and the tax deductions that you realize from your Brunswick County commercial real estate.