And a partial deduction of $0.60 per square foot is available for those investing in lighting, HVAC, or building envelope upgrades that reduce consumption by less than 50%.
That means energy efficient green hotels that have reducedtheir energy consumptioncan earn a big break on their taxes – money that can definitely be used tohelp offset the cost of the upgrades.
A Glossary of Sustainability and Green Hotel Terms and Phrases
Small businesses (including hotels) are often sitting ducks for money-hunters seeking awards or settlements. Some may be real, others bogus, but all are costly in terms of time, legal fees, and payouts (if the business loses or settles). Knowing the problem spots can help you devise strategies for avoiding trouble.
Here are the key problem areas and some ideas for staying out of trouble.