Are you a commercial building owner, engineer, architect, contractor, or energy consultant?
Have you installed or retrofitted energy efficient lighting, HVAC, or building envelope systems?
You may be able to save considerable amounts of money for installing or retrofitting energy efficient lighting, HVAC, or building envelope systems through federal tax deductions under the EPAct §179D Deductions. Commercial Building Owners are eligible for energy efficient tax deductions on commercial buildings retrofitted or built after 12/31/2005. ESCO’s, Architects, Engineers, Energy Consultants, are eligible for this tax deduction for improving the energy efficiency of public/municipal buildings such as schools, libraries, and government buildings.
The §179D Tax Deduction originates as part of the Energy Policy Act of 2005 and this incentive expires at the end of 2013.
Independent, third-party certification is required to claim this incentive and Capital Review Group is qualified as a third party certifier. Third-party certification is accomplished through use of IRS/DOE prescribed energy modeling software and the result is an Energy Tax Report utilized by the client’s tax adviser for the federal deduction.
Returns on investment in energy efficiency projects are generally quite favorable when incentives are applied.
Here is a sample of potential tax deductions available:
- Example: 120,000 sq. ft. Project
- Lighting $.60 maximum allowable tax deduction. Incentive = $72,000
- HVAC $.60 maximum allowable tax deduction. Incentive = $72,000
- Building Envelope $.60 maximum allowable tax deduction. Incentive = $72,000
- Total Maximum deduction $1.80. Incentive = $216,000
Learn about the specific §179D benefits for which your business may be eligible: