SCS BT Squared

Start Saving on Energy

 

In our recent work with manufacturers throughout the state, BT Squared has discovered that many are unaware of a lucrative manufacturing energy tax exemption. Since January 2006, Wisconsin industries have been eligible for a tax exemption worth as much as 5% on energy used in their manufacturing processes. In addition to future savings, the program also allows for refunds on past taxes paid.

Companies often take only a cursory look at their utility bills, when electricity, natural gas, and propane can account for 2% or more of annual sales. Most manufacturers compare utility costs to their annual overhead budget amount, but many don’t track energy consumption adjusted to production.

Read the rest of the article here.