Section 179D Tax Deduction of the IRS Code allows you a federal deduction for the installation of energy efficiencies in real property.
Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to extend §179D for 2018 or future years. Capital Review Group will keep abreast of Congressional activity, and we will post any further updates regarding the §179d deduction.
You may be eligible for a federal tax deduction of up to $1.80 per square foot for improving the energy efficiency of your existing commercial buildings. This also applies to new construction and for government and non-profit buildings.
Third-party certification is required to claim this incentive, and Capital Review Group is a leading third party certifier. Our experience has helped us to simplify the certification process and allow us to offer the most competitive fees in this professional specialty.
Energy efficiency projects can generally deliver positive ROI when incentives are applied. However, capturing all beneficial tax incentives requires that both engineering and tax strategy are performed in sync — this is where CRG adds exceptional value for our clients.
With our certification comes assurance that your energy project will achieve maximum engineering and technical performance value, and maximum benefit from incentives and financial performance.
Based on the energy efficiency attained and application of the Revenue Procedure 2011-14, an auto dealer was allowed to claim the full deduction amounting to $1.80 per s/f totaling $516,600.00 with no need to amend their tax returns.
Based on the square footage of the multiple government buildings worked on as well as the sustainable design implemented by the firm, they were ultimately entitled to deductions nearing $7,000,000 over a 5 year span.