Business taxpayers can deduct investments in energy efficient commercial building property.

Business taxpayers can deduct up to $1.80 per square foot for investments in “energy efficient commercial building property” that save at least 50% of the building’s heating, cooling, and water heating costs, and interior lighting costs. A credit for installing qualified fuel cell power plants, stationary micro-turbine power plants, and qualifying solar energy equipment can also be claimed. The equipment must have been placed in service before December 31, 2007.