The Propane Education & Research Council is encouraging agribusiness owners to take advantage of year-end tax deductions by upgrading equipment. Through three PERC incentive programs, farmers can earn incentives worth up to $10,000 toward the purchase of new propane equipment for the farm and home.
“Post-harvest is the perfect time to consider equipment upgrades for cutting input costs and increasing profits — and that’s where new fuel-efficient propane technology comes in,” said Cinch Munson, PERC’s director of agriculture business development. “PERC incentives reduce costs for new equipment, so farmers will see a return on their investments in a shorter amount of time and be set for a productive and cost-efficient 2015.”
Incentives are available to help offset the up-front costs of new propane equipment in exchange for performance data and customer feedback through the following PERC programs:
- The Propane Farm Incentive Program http://www.propane.com/agriculture/programs-and-incentive/propane-farm-incentive-program/ offers up to $5,000 on eligible propane irrigation engines, grain dryers, ag heaters, generators, and more.
- The Propane Mower Incentive Program<http://www.propane.com/commercial-landscape/programs-and-incentives/>, now extended through March 31, 2015, is offering double incentive dollars, up to $2,000, toward the purchase of a new propane-powered mower, and up to $1,000 toward a qualified conversion.
- The Propane Heat & Power Incentive http://www.buildwithpropane.com/News-and-Events/Incentives-and-Tax-Credits/Propane-Heat-and-Power-Incentive-Program/ Program offers financial incentives of up to $10,000 for eligible propane-powered products, such as standby generators and combined heat and power (CHP) systems.
PERC recently released a suite of cost calculator tools, available at http://www.propanecalculator.com, which help producers estimate fuel savings and ROI for propane irrigation engines, work trucks, and commercial mowers in comparison with their running on conventional fuels like diesel and gasoline. The calculators are available for use online, as a desktop tool, and as mobile applications for phones and tablets available in app stores for iOS and Android devices.
For more information about PERC’s incentive programs, and to see a list of eligible equipment, visit http://www.propane.com/incentive-programs/.