Tax Benefits Calculator
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or leased during the tax year.
| Cost of Equipment: | $ | |||
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| Section 179 Deduction: | $ | |||
| 50% Bonus Depreciation Deduction: (On any remaining amount above $250,000) |
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| Regular First Year Depreciation Deduction: | $ | |||
| Total First Year Deduction: | $ | |||
| Cash Savings on your Equipment Purchase: (assuming a 35% tax bracket) |
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| Lowered Cost of Equipment after Tax Savings: | $ | |||
Learn more about Section 179 Deductions here
Renewable Energy Tax Credits
Nature's Furnace installations are eligible for a 10% credit with the Federal Business Energy Investment Tax Credit as a qualified biomass Combined Heat and Power (CHP) technology until December 31, 2013.
Nature's Furnace can qualify for further tax benefits as a biomass based renewable energy source in your state.
The US Department of Energy has compiled a comprehensive source for both Federal and State Tax incentives that encourage the purchase, installation and use of renewable energy sources.
Visit the Database of State Incentives for Renewables and Efficiency (DSIRE)