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Green Roof Tax Incentive Introduced To US Congress |
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Under section 506 of the bill, residential and commercial property owners will receive a 30% tax credit for qualified green roof expenditures. The tax credit applies to both new and retrofit projects, and requires that at least 50% of the roof area be covered with a green roof. If adopted, the bill will provide much needed, locally and regionally sourced green employment in areas such as design, manufacturing, installation and ongoing maintenance.
“In these times of economic uncertainty, growing the green economy and investing in clean energy technologies is the key to job growth and breaking the United States’ debilitating dependence on foreign oil,” said Senator Cantwell. “While installing a green roof may seem like a small step, these upgrades save energy, filter and absorb pollution, and store carbon. As individuals and businesses continue to look for ways to combat high energy costs and improve the health of their neighborhoods and environment, providing green roof incentives just makes sense.”
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Last Updated on Friday, 07 August 2009 06:40 |
