Introduced in 1999,
Virginia Tax Credit Experiences
A Decade of Success
LEOLA, PENN. – Since 1988 Mike Morris has been selling and installing Clean Burn used-oil recycling furnaces throughout Virginia. Sales have been exceptionally steady for the past decade thanks to the Virginia Recycling and Pollution Control Tax Incentive Programs that was launched in 1999.
“Even in a weak economy, we continue to see strong sales thanks to the tax credit from the state of Virginia,” says Morris, owner of Morris Distributing in Verona, Va. “The Virginia tax credit reimburses a business up to 50 percent of the purchase price of a waste oil furnace. That makes a dramatic investment difference for businesses.
“Companies are interested in this tax credit because they can save up to $5,000 by installing a Clean Burn furnace that will also save them on energy bills and eliminate the cost of hauling away used motor oils. That incentive has boosted our sales this year and for the past 10 years.”
As the world’s leading manufacturer of used-oil furnaces, used-oil boilers and used-oil recycling centers, Clean Burn helps businesses generate free heat from used-oil commonly found in all types of combustion engines. Millions of gallons of used-oil are recycled worldwide each year with Clean Burn units.
Recycling Success in 2009
As an example of his success, Morris relays that during the last quarter of 2009 he saw a widespread array of businesses purchasing Clean Burn units from him. More than 30 “mom and pop” auto repair centers invested in the furnaces, as did several car dealerships, motorcycle dealers, junkyards and trucking companies.
“Wherever you have large quantities of used motor oil, you have the potential to save energy by recycling,” says Morris. “We’ve sold these cost-effective units to heavy construction contractors, trash collection companies, equipment rental yards and even a poultry farmer. The Clean Burn furnaces are a wise, long-term investment for any location producing 500 gallons or more of used motor oil on a yearly basis.”
Morris believes one of the most sensible uses of a Clean Burn unit now takes place at the Fairview Beach Yacht Club in Fredericksburg, Va. The marina purchased the unit in late 2009 to recycle more than 500 gallons of used oil that is generated yearly during servicing of 100 boats and dozens of equipment pieces at the yacht club.
“The Clean Burn furnace is a great investment that will pay for itself in about three years,” says Bucky Potts, manager at the yacht club’s maintenance shop. “The Virginia tax credit was a huge incentive for us to purchase the unit. We paid about $8,000 for the furnace and installation, and we’ll receive 50 percent of that back from the state.
“This Clean Burn furnace allows us to forgo the expense and potential hazards of hauling away used motor oil. Instead we’re recycling that oil into heat for our shop. That’s a ‘win-win’ investment that I’d recommend to any marina nationwide.”
For additional details on the Virginia recycling tax credit of up to 50%, visit http://www.deq.state.va.us/waste/rtaxinc.html. For information on Morris Distributing, go to www.morrisdist.com.
There are 80,000 Clean Burn functional furnaces and boilers located throughout the world that burn millions of gallons of used-oil each year on-site, at the point of generation. This volume of used-oil would otherwise be transported on highway systems and pose a considerable risk to spills and/or contamination to the environment.
Clean Burn is an ENERGY STAR® partner. The company holds numerous industry certifications and works with the U.S. government, the Environmental Protection Agency and various associations to help coordinate the establishment of standards and regulations related to heat recovery and recycling efforts involving used motor oils. For more information on Clean Burn, visit www.cleanburn.com or call 1-800-331-0183.
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