Spring 2010 issue of Horizons

Raise Your Expectations CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS CONSULTANTS

Although a contractor will not receive a direct benefit from these credits or deductions unless the alternative energy or energy-efficient equipment is owned by the contractor, knowledge of the tax benefits available to customers provides contractors with an additional marketing and bidding tool. The contractor that is well-versed in the basic requirements of these tax incentives can provide accurate and competitive bids. For example, an electrical contractor designing the lighting for a public school needs to be aware that a potential deduction is available to the contractor and should adjust the bid accordingly to remain competitive. Similarly, a roofing contractor will recommend different types of membrane or roofing support depending on the type of solar panel array a customer is contemplating. Both examples provide value to the customer and set the contractor apart as knowledgeable within the green building framework. Please contact one of our green building team members if you would like additional or specific information regarding federal, state and local green building tax incentives available to you or your customers.

Questions? Contact:

Frank Hogg, CPA Partner-in-Charge Contractors Services Group 314.290.3413 frank.hogg@rubinbrown.com Chris Coleman, CPA, CCIFP Manager Contractors Services Group 314.290.3263 chris.coleman@rubinbrown.com

28 u spring 2010 issue