ADVERTISEMENT
30% Tax Break for Green Roofs02-05-09 | News
img
 

30% Tax Break for Green Roofs




If adopted, the bill (S.320) will provide much needed, locally and regionally sourced green employment for landscape contractors, landscape architects and qualified installers in areas such as design, manufacturing, installation and ongoing maintenance.

Senator Maria Cantwell from Washington State introduced the Clean Energy Stimulus and Investment Assurance Act of 2009 (S.320) legislation on Monday January 26 that if adopted, would provide financial incentives for commercial and household green roof installation. Green Roofs for Healthy Cities and the American Society of Landscape Architects worked together to help draft the section of the bill that is focused on the green roof incentive.

?EUR??,,????'?????<

Under section 506 of the bill, residential and commercial property owners will receive a 30 percent tax credit for qualified green roof expenditures. The tax credit applies to both new and retrofit projects, and requires that at least 50 percent of the roof area be covered with a green roof. If adopted, the bill will provide much needed, locally and regionally sourced green employment for landscape contractors, landscape architects and qualified installers in areas such as design, manufacturing, installation and ongoing maintenance.

?EUR??,,????'?????<

img