Tuesday, June 2, 2015
1. Tax advantages
Along with helping the environment by using items such as compostable cups, a business can also help its bottom line by going green. Various states are now offering tax incentives and credits to businesses that are willing to adopt a green way of conducting their affairs. Florida is one of the states that is leading the charge to get businesses to clean up their act. The state offers a corporate income tax credit to businesses that produce electricity from a facility that produces renewable energy. If a business located in Florida uses renewable energy technologies such as machinery, equipment or solar energy systems, they are also eligible for a sales tax exemption. Many other states are following Florida's lead and jumping on the renewable energy bandwagon. If Florida's results are any indication, the programs in other states are sure to be a resounding success.
2. Good public relations
Although this should not be the primary reason that you decide to go green, it never hurts to look good in the eyes of the public. Many companies publicize their green activities in an attempt to let the general public know that they care about the environment. This is an attempt to combat the negative perception that the only thing corporate America cares about is their profit margin.
3. Waste will be reduced
Waste causes companies to lose enormous amounts of money each year. Think of how much money and energy is wasted simply because of lights being left on in office buildings when nobody is in the room. If all of those lights are turned off, think of the positive impact it would have on both the environment and the profits of those companies.
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