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.
BT Squared has assisted manufacturers in cataloging and analyzing their energy usage and saved thousands on expenses, providing Smart, Simple Solutions.
BT Squared can analyze your monthly utility bills and production information, estimate the portion of energy consumed by your manufacturing processes, and prepare the required forms. We conduct energy audits, assist with air permitting, and calculate greenhouse gas emissions or “carbon footprint.” Contact us to get started today.
BT Squared Links
How can we help you? Visit our Energy Management Page, or contact us directly.
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John Hurtenbach CHMM, CEM Senior Scientist 608.216.7365 |
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John Tweddale CHMM, PG Principal 608.216.7320 |
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Mark Tusler PE, CEM Principal 608.216.7335 |
Check out this Wisconsin Department of Revenue publication to find out more about the Sales and Use Tax Exemption for Fuel and Electricity. | |
